{"id":25732,"date":"2025-06-03T04:00:24","date_gmt":"2025-06-03T04:00:24","guid":{"rendered":"https:\/\/cryptd.in\/monero-xmr-jumps-11-5-amid-crucial-support-retest-analyst-eyes-420-resistance\/"},"modified":"2025-06-03T04:00:24","modified_gmt":"2025-06-03T04:00:24","slug":"monero-xmr-jumps-11-5-amid-crucial-support-retest-analyst-eyes-420-resistance","status":"publish","type":"post","link":"https:\/\/cryptd.in\/tr\/monero-xmr-jumps-11-5-amid-crucial-support-retest-analyst-eyes-420-resistance\/","title":{"rendered":"Monero (XMR) Jumps 11.5% Amid Crucial Support Retest \u2013 Analyst Eyes $420 Resistance"},"content":{"rendered":"<p>Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest that holding its current range could send the cryptocurrency to a another retest of its historical $420 resistance.<\/p>\n<h2>Monero Bounces From Range Lows<\/h2>\n<p>Amid the crypto market pullback, Monero led the top 100 tokens by market capitalization list with a double-digit jump in the past 24 hours. The cryptocurrency surged 11.5% on Monday morning, breaking out of its seven-day downtrend.<\/p>\n<p>Notably, XMR has seen a 66% price increase over the past month and a half, jumping from the $220 support zone to its current levels. The token registered a significant 55% daily increase at the end of April, touching the $340 mark before retracing.<\/p>\n<p>The surge was <a href=\"https:\/\/www.newsbtc.com\/news\/monero-xmr-price-jumps-50-amid-suspicious-330-million-btc-transfer-details\/\" target=\"_blank\" rel=\"noopener \">reportedly<\/a> fueled by a \u201csuspicious transfer\u201d of 3,520 BTC, worth around $330.7 million, from a potential victim of social engineering. According to crypto sleuth ZachXBT, the stolen funds were swapped for XMR, leading cryptocurrency to retest a key horizontal level.<\/p>\n<p>Despite this, the privacy token continued its rally during the May market recovery, which propelled XMR to a four-year high a week ago, nearing the crucial $420 resistance for the first time since 2021.<\/p>\n<p>Now, the market\u2019s recent performance has sent Monero alongside the rest of the leading cryptocurrencies to retest key levels. The token retraced 21% in the past week, briefly losing its three-week price range on Saturday.<\/p>\n<p>However, XMR has <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoin-to-120000-could-be-next\/\" target=\"_blank\" rel=\"noopener \">bounced<\/a> from this level over the past two days after reclaiming the $325 mark and nearing the $370 resistance.<\/p>\n<h2>XMR Rally Hangs On This Level<\/h2>\n<p>Analyst Sjuul from AltCryptoGems affirmed that \u201cMonero has an impressive chart and is likely one of the few \u2018dino\u2019 coins not far from breaking its all-time high.\u201d<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-large wp-image-763957\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Gsa_oPlXsAAE_BT.png?w=860&amp;resize=860%2C430\" alt=\"Monero\" width=\"860\" height=\"430\" loading=\"lazy\" \/><\/p>\n<p>He highlighted that XMR is retesting the recently flipped support and resistance zone, which is key for a rally continuation. Losing the $310-$345 area could send the cryptocurrency toward the gap between this level and the next major support around the $220 mark.<\/p>\n<p>Similarly, analyst Rekt Capital previously noted Monero repeated its early 2021 playbook after breaking out of its multi-year accumulation range in Q4 2024, surging above the $286 resistance and hitting last cycle\u2019s high levels.<\/p>\n<p>He <a href=\"https:\/\/newsletter.rektcapital.co\/altcoin-market-update-101\/\" target=\"_blank\" rel=\"noopener nofollow\">recently<\/a> pointed out that XMR has historically ended its bull market around the key $422 resistance, with \u201cthis sort of price action for XMR occurs once every four years,\u201d and price rallies into the major resistance \u201coften briefly upside wicking beyond there.\u201d<\/p>\n<p>Amid its recent rejection from the $419 cycle high, the analyst considers that Monero must hold its current range, \u201cif price wants to go against the grain of history and break the $422 resistance over time.\u201d<\/p>\n<p>If it fails to hold above the $300 mark, Rekt Capital affirmed that the $286 support is the next crucial <a href=\"https:\/\/www.newsbtc.com\/news\/ethereum\/ethereum-poised-for-a-5-figure-breakout-volatility-is-shaking-weak-hands\/\" target=\"_blank\" rel=\"noopener \">level<\/a>, but added that historically, XMR\u2019s retest post-rejection usually fails.<\/p>\n<p>As of this writing, Monero trades at $366, a 32.2% increase in the monthly timeframe.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-large wp-image-763956\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/XMRUSDT_2025-06-02_12-54-38.png?w=860&amp;resize=860%2C468\" alt=\"Monero, XMR, XMRUSDT\" width=\"860\" height=\"468\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest that holding its current range could send the cryptocurrency to a another retest of its historical $420 resistance. Monero Bounces From Range Lows Amid the crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Monero (XMR) Jumps 11.5% Amid Crucial Support Retest \u2013 Analyst Eyes $420 Resistance - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/tr\/monero-xmr-jumps-11-5-amid-crucial-support-retest-analyst-eyes-420-resistance\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monero (XMR) Jumps 11.5% Amid Crucial Support Retest \u2013 Analyst Eyes $420 Resistance - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest that holding its current range could send the cryptocurrency to a another retest of its historical $420 resistance. 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