Monero (XMR) is testing a critical $330 support level as technical patterns signal potential weakness. Analysis of the 4-hour chart reveals a rising wedge formation, which often precedes a decline. Weekly indicators show the Relative Strength Index below 50 and a bearish MACD crossover, suggesting sellers are gaining momentum.
Monero (XMR) is showing signs of technical weakness, with its price hovering near a key $330 support level. A break below this level could see the cryptocurrency decline toward the $280 zone, a previous area of support.
At the time of writing, XMR is trading at $328.12, with a 24-hour decline of 5.02%. On February 12, 2026, crypto analyst CryptoPulse noted that XMR is forming a rising wedge pattern on the 4-hour chart, a structure that often warns of a potential decline.
The price is consolidating between higher highs and higher lows, but the uptrend is losing momentum. On the weekly chart, the Relative Strength Index (RSI) sits at 45.23, below the signal line and indicating weakening demand from investors.
The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with a reading of 23.53 below its signal line at 38.18. This technical configuration suggests sellers are gaining power in the market, and without new buying pressure, XMR may face further losses.
“A decisive break below the $330 level could trigger further downside in the near term,” stated the analysis. Investors are advised to monitor volume and support levels closely as short-term pressure builds on the cryptocurrency.
