Monero price is currently trading near $365, struggling to stabilize after a violent rejection at the critical resistance level of $370. Although XMR was up +4.6% on the day, the failed reversal of $370 printed a classic double top on the daily chart, forcing traders to choose between a breakout bet and a defensive exit.
The Monero price is now hovering between this ceiling and the immediate support of $360, and the market is holding its breath. If the $180 wall holds, the trap for falling valuations could open.
(SOURCE: TradingView)
Can Monero price surpass $370 or is a double top confirmed?
$370 is currently the boss fight for Monero. The asset recently attempted to break above this level, but was crushed by aggressive selling pressure, leaving a long upper wick on the weekly candle.
This rejection confirms the $370 area as formidable XMR resistance, creating a classic double-top structure that bears are eager to exploit.
Momentum indicators are flashing warning signals. The RSI formed a bearish divergence, making lower highs as the price attempted to move higher, a classic sign of exhaustion.
Short circuit $XMR
Sharp break of the trend line, the market has turned bearish.
Price returned to 0.618+FVG and was rejected.
Cash taken.
Now targeting lower levels…NFA… pic.twitter.com/EM105f5ioV
–MiraGainz (@MiraGainz) March 23, 2026
Technical analysis of cryptocurrencies suggests that volume is the missing ingredient; without a significant influx of buying pressure, the path of least resistance remains bearish.
So what are the levels to watch out for? If the bears push XMR below the immediate support at $360, the structure will collapse towards $145. That’s the line in the sand.
However, if the bulls manage to regroup and reclaim $380 with conviction, the double top is invalidated and the door opens for a run towards $200 and beyond. Until then, the risk-reward ratio favors patience.
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Exchange Delistings Drain XMR Liquidity: Do Fundamentals Still Matter?
all trash listed on Binance is down 80-90%
while the one coin they expelled has risen 350% since it was delisted
the only thing they have done for the industry is take everyone’s money and prevent them from owning the only valuable asset in crypto.
I challenge anyone to point it out… pic.twitter.com/z8oHMSeM4A
– monerify (@monerify) January 28, 2026
Technical structures are only half the story. The elephant in the room remains the structural pressure on secrecy coins caused by the major foreign exchange crackdown. Binance’s delisting and Kraken’s tighter controls have cut off key liquidity arteries for XMR, complicating price discovery.
This creates a massive disconnect. Monero’s fundamentals, ring signatures, bulletproofs, and stealth addresses have never been stronger, but places to trade are shrinking. This is a liquidity problem, not a utility problem.
The Monero delisting narrative is forcing traders to look for alternatives. As centralized exchanges give in to regulatory pressure, volume is migrating to decentralized solutions and non-KYC platforms.
For example, platforms like SwapRocket have reached 150,000 users by addressing precisely this need for privacy-preserving trading platforms. For XMR holders, the thesis is simple: the technology is bulletproof, but the exit doors are getting smaller and smaller.
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The article Monero Price Hits a Wall: Why $370 is the Decisive Value for XMR appeared first on 99Bitcoins.
