{"id":28911,"date":"2026-05-18T11:25:38","date_gmt":"2026-05-18T11:25:38","guid":{"rendered":"https:\/\/bitunikey.com\/news\/monero-price-loses-key-trendline-support-will-it-fall-under-350\/"},"modified":"2026-05-18T11:25:45","modified_gmt":"2026-05-18T11:25:45","slug":"monero-price-loses-key-trendline-support-will-it-fall-under-350","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/monero-price-loses-key-trendline-support-will-it-fall-under-350\/","title":{"rendered":"Monero price loses key trendline support, will it fall under $350?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Monero price continued sliding this week after losing a major ascending trendline support, increasing the risk of a deeper correction toward the $350 region as bearish momentum strengthens.<\/p>\n<div id=\"cn-block-summary-block_5c60e8fcc700251edf692dce63c8ba69\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Monero price fell below a key ascending trendline support near $390, increasing the risk of a deeper correction toward the $350 region.<\/li>\n<li>Bearish momentum strengthened after a MACD bearish crossover, while RSI dropped back toward neutral levels following XMR\u2019s rally above $400.<\/li>\n<li>Regulatory scrutiny surrounding privacy-focused cryptocurrencies continued weighing on sentiment despite long-term demand for anonymous transactions remaining strong.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Monero (XMR) price traded around $387 at press time on May 18 after slipping below the key $390 support level during the latest sell-off. The token has now retreated sharply from its recent highs near $430 reached earlier this month.<\/p>\n<p>Despite the recent decline, Monero remains significantly above its February lows near $284 as long-term demand for privacy-focused cryptocurrencies continues supporting the broader market structure.<\/p>\n<p>However, momentum across the privacy coin sector has recently weakened as traders began locking in profits following XMR\u2019s explosive rally earlier this quarter.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The latest pullback also comes amid increasing global scrutiny surrounding anonymous crypto transactions and privacy-preserving blockchain infrastructure. Regulators across several jurisdictions have continued tightening reporting standards tied to digital asset transfers, creating fresh uncertainty around the sector.<\/p>\n<p>Still, Monero continues to maintain strong market dominance among privacy-focused cryptocurrencies due to its deep liquidity, active user base, and growing demand for private peer-to-peer transactions.<\/p>\n<p>Some analysts also believe rising concerns over blockchain surveillance and identity-linked financial systems could continue supporting long-term interest in privacy-centric assets despite short-term market volatility.<\/p>\n<p>On the daily chart, Monero price appears to have broken below a key ascending trendline support that had supported the broader uptrend since early April.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Monero price has broken below an ascending trendline that had been serving as support on the daily chart \u2014 May 18 | Source: crypto.news<\/figcaption><\/figure>\n<p>The breakdown occurred after repeated rejection attempts near the $420\u2013$430 resistance zone, suggesting bullish momentum may now be fading following the recent rally phase.<\/p>\n<p>The current setup also resembles a potential breakdown from a rising wedge structure, which is generally considered a bearish reversal pattern once support gives way.<\/p>\n<p>Momentum indicators further support the weakening outlook. The MACD indicator recently confirmed a bearish crossover, while the histogram continues printing expanding negative momentum bars. This typically signals that sellers are gradually regaining control after a strong bullish trend.<\/p>\n<p>Meanwhile, the RSI has cooled toward the neutral 49 region after previously approaching overbought conditions during the rally above $400. The declining RSI suggests buying pressure has weakened considerably over the past several sessions.<\/p>\n<p>If bears maintain control below the broken trendline support, Monero could face additional downside pressure toward the key psychological support level at $350.<\/p>\n<p>A breakdown below that region could expose XMR to a deeper correction toward the $320 support zone, where buyers previously reentered the market during the February rebound.<\/p>\n<p>On the upside, bulls would need to reclaim the lost trendline support and push back above the $400 resistance zone to invalidate the current bearish structure. A successful recovery above that level could allow XMR to retest the key $420 resistance region once again.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Monero price continued sliding this week after losing a major ascending trendline support, increasing the risk of a deeper correction toward the $350 region as bearish momentum strengthens. Summary Monero&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28911"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28911\/revisions"}],"predecessor-version":[{"id":28912,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28911\/revisions\/28912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6254"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}