Monero (XMR) extended its decline on March 24, 2026, facing sustained selling pressure. The privacy-focused cryptocurrency fell 1.93% daily and 5.71% weekly to trade near $353, despite a notable 37% increase in trading volume. Analysts identify key resistance at $380 and critical support near $300 as the market shows signs of indecision and bearish momentum.
Monero (XMR) dropped further on March 24, 2026, extending losses as selling pressure intensified following repeated rejection near key resistance. The asset traded at $352.94 with a 24-hour volume rising 37.22% to $109.76 million, according to CoinMarketCap data.
Despite this surge in activity, XMR posted a daily decline of 1.93% and a weekly loss of 5.71%. The chart shows a clear bearish trend after a strong upward move, followed by a sharp sell-off.
The levels to watch are the resistance at $380 and the support at $300. The price is consistently hitting the $380 barrier and reversing, which indicates strong selling pressure.
Analyst Crypto Tony stated that if the price surges past $380, it could target $420, $480, $500, and possibly $530. However, the probable route appears to be a continuation to the downside as prices struggle to break through resistance.
From a technical perspective, the RSI is at neutral levels reflecting indecision. The MACD shows an attempt at a bullish crossover, but momentum remains low.
A decisive break below $300 may accelerate selling and increase downside risk. Without conquering the $380 level, the bearish trend remains in control, capping any upside momentum.
