{"id":3856,"date":"2025-06-24T13:18:08","date_gmt":"2025-06-24T13:18:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/monero-price-approaching-269-support-is-this-a-setup-for-a-major-rally\/"},"modified":"2025-06-24T13:18:15","modified_gmt":"2025-06-24T13:18:15","slug":"monero-price-approaching-269-support-is-this-a-setup-for-a-major-rally","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/monero-price-approaching-269-support-is-this-a-setup-for-a-major-rally\/","title":{"rendered":"Monero price approaching $269 support: is this a setup for a major rally?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Monero remains in a strong high-timeframe uptrend despite a recent pullback. Price is now approaching a critical confluence zone at $269 that could trigger the next leg higher, if it holds.<\/p>\n<p>Monero (XMR) has been undergoing a steady decline but remains within the boundaries of a high-timeframe bullish trend. The current move is being viewed as a corrective phase rather than a full reversal. Price is now closing in on the $269 support zone, a key level that aligns with the VWAP, the 0.618 Fibonacci retracement, and a major high-timeframe support region. If this area holds, it may serve as the foundation for a strong continuation toward the $417 resistance and potentially higher.<\/p>\n<h2 class=\"wp-block-heading\">Key technical points<\/h2>\n<ul class=\"wp-block-list\">\n<li><strong>Major Support: <\/strong>$269; confluence of VWAP, 0.618 Fibonacci, and historical high timeframe support.<\/li>\n<li><strong>Uptrend Still Intact:<\/strong> Current move is a correction, not a trend reversal.<\/li>\n<li><strong>Target to Watch: <\/strong>$417; macro resistance if higher low is established.<\/li>\n<li><strong>Volume Profile: <\/strong>Currently above average; must remain strong near support to confirm demand.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14391352\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">XMRUSDT (1D) Chart, Source: TradingView<\/figcaption><\/figure>\n<p>The $269 support zone carries significant technical weight. It has served as a volume-supported region in past rallies and is now reinforced by the VWAP and key Fibonacci levels. Historically, price action has reacted positively to this area, and the likelihood of a bounce is high, provided volume confirms it.<\/p>\n<p>From a structural standpoint, Monero has not invalidated its uptrend. The correction, while notable, still fits within the context of forming a higher low. For this to be confirmed, traders will need to see consolidation or signs of accumulation on the lower timeframes once $269 is tested. This would indicate a shift in sentiment and a potential setup for a reversal back toward the $417 resistance zone.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Volume remains a major factor. The current profile is above average, which is a positive sign in any uptrend. However, if the test of $269 occurs without volume support and price fails to hold, it could break the bullish structure and lead to a deeper corrective move, likely invalidating the current higher low thesis.<\/p>\n<p>It\u2019s worth noting that the recent bullish candlesticks have not been enough to confirm a full reversal. Monero is still searching for a clear bottom in this correction. As long as the $269 support holds and demand returns visibly through volume, the bullish outlook remains valid.<\/p>\n<h2 class=\"wp-block-heading\">What to expect in the coming price action<\/h2>\n<p>Watch how Monero behaves around the $269 support level. A bounce supported by strong volume and accumulation could kick off a fresh rally toward $417. But if volume fades and support breaks, a deeper correction may follow before bulls can regain control.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Monero remains in a strong high-timeframe uptrend despite a recent pullback. Price is now approaching a critical confluence zone at $269 that could trigger the next leg higher, if it&hellip;<\/p>\n","protected":false},"author":1,"featured_media":357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3856","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\/3856","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=3856"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3856\/revisions"}],"predecessor-version":[{"id":3857,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3856\/revisions\/3857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/357"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}