{"id":9820,"date":"2025-09-04T17:47:39","date_gmt":"2025-09-04T17:47:39","guid":{"rendered":"https:\/\/bitunikey.com\/news\/why-monero-prices-bullish-pattern-suggests-a-rally-to-344\/"},"modified":"2025-09-04T17:47:43","modified_gmt":"2025-09-04T17:47:43","slug":"why-monero-prices-bullish-pattern-suggests-a-rally-to-344","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/why-monero-prices-bullish-pattern-suggests-a-rally-to-344\/","title":{"rendered":"Why Monero price\u2019s bullish pattern suggests a rally to $344"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Monero price is consolidating inside a bullish pennant formation after bouncing strongly from $230 support. Technical structure suggests a potential breakout could propel price toward $344 resistance in the coming sessions.<\/p>\n<div id=\"cn-block-summary-block_5d2ce034dc4d2dfafe5397308b71909c\" 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 consolidates in a bullish pennant after rebounding from $230 support.<\/li>\n<li>First upside target sits at $244 point of control, followed by $344 resistance.<\/li>\n<li>Breakout requires confirmation from strong bullish volume influxes.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Monero (XMR) has staged a bullish rebound from $230, shifting the local market structure in favor of buyers. With price now coiling inside a pennant formation, momentum appears to be building for an upside expansion.This recovery comes after Monero fell 10% when a single mining pool gained over 51% of the hashrate, sparking centralization concerns.\u00a0The technical outlook remains constructive, but confirmation will depend on a breakout supported by strong volume influxes.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Monero price key technical points<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li><strong>Support Zone:\u00a0<\/strong>Price reacted bullishly at $230, confirmed by engulfing candles that shifted local structure.<\/li>\n<li><strong>Pennant Formation:<\/strong>\u00a0Price is consolidating inside a pennant pattern near the value area, a precursor to expansion.<\/li>\n<li><strong>Upside Targets:<\/strong>\u00a0First target at $244 point of control; high-time-frame resistance stands at $344.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XMRUSDT (1D) Chart: Source, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>The recovery from $230 marked a decisive moment for Monero, as engulfing candles at this level reversed short-term bearish momentum and established a local structural shift. This zone has now become a foundation of support, offering buyers a technical base for continuation.<\/p>\n<p>Since reclaiming this support, XMR has compressed into a bullish pennant. Pennants typically serve as continuation patterns, where price consolidates within a narrowing range before breaking impulsively in the direction of the prevailing trend. In Monero\u2019s case, the broader trend remains bullish, making an upside resolution the higher-probability outcome.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The next immediate level of interest sits at $244, which coincides with the point of control POC of the current value area. A breakout toward this region would mark the first step in confirming bullish continuation. If momentum remains strong and price closes convincingly above $244, traders can then set sights on the higher-time-frame resistance level of $344, a key zone where major supply resides.<\/p>\n<p>Volume analysis further supports the consolidation narrative. The profile shows a steady decline in activity as price coils within the pennant, which is a natural characteristic of compression phases. Historically, such periods are followed by sharp expansions once new influxes of demand arrive.<\/p>\n<h2 class=\"wp-block-heading\"><strong>What to expect in the coming price action<\/strong><\/h2>\n<p>Monero remains in a bullish setup as long as $230 support holds. A breakout from the pennant could first test $244 before extending toward $344, provided volume confirms the continuation move.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Monero price is consolidating inside a bullish pennant formation after bouncing strongly from $230 support. Technical structure suggests a potential breakout could propel price toward $344 resistance in the coming&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-9820","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\/9820","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=9820"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9820\/revisions"}],"predecessor-version":[{"id":9821,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9820\/revisions\/9821"}],"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=9820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}