The Monero price is currently trading near $365, struggling to stabilize after a violent rejection at the critical $370 resistance level. Although XMR is up +4.6% on the day, a failure to flip $370 has printed a textbook double top on the daily chart, forcing traders to choose between a breakout bet and a defensive exit.
The Monero price is now pinballing between this ceiling and immediate support at $360, and the market is holding its breath. If the $180 wall holds, the trapdoor to lower valuations could swing open.
(SOURCE: TradingView)
Can the Monero Price Break $370 or is a Double Top Confirmed?
$370 is the boss fight for Monero right now. The asset recently attempted to punch through this level but was swatted down by aggressive selling pressure, leaving a long upper wick on the weekly candle.
This rejection confirms the $370 zone as formidable XMR resistance, creating a classic double top structure that bears are eager to exploit.
Momentum indicators are flashing warning signals. The RSI has formed a bearish divergence, making lower highs while the price attempted to push higher, a classic sign of exhaustion.
Shorting $XMR
Clean trendline break ,market turned bearish.
Price pulled back into 0.618 + FVG and got rejected.
Liquidity taken.
Now targeting lower levels … NFA… pic.twitter.com/EM105f5ioV
— MiraGainz (@MiraGainz) March 23, 2026
Crypto technical analysis suggests that volume is the missing ingredient; without a significant influx of buying pressure, the path of least resistance remains downside.
So, what are the levels to watch? If bears push XMR below the immediate support at $360, the structure will break down toward $145. That is the line in the sand.
However, if bulls can regroup and reclaim $380 with conviction, the double top is invalidated, and the door opens for a run toward $200 and beyond. Until then, the risk-reward ratio favors patience.
DISCOVER: The Next 1000x Crypto Gem Before It Lists on Exchanges
Exchange Delistings Draining XMR Liquidity: Do Fundamentals Still Matter?
all of the trash they listed on binance is down 80-90%
while the only coin they kicked out is up 350% since delisted
the only thing they've done for the industry is take everyone's money and make them not be able to own the only valuable asset in crypto
i dare anyone to point… https://t.co/ASni8VtJuO pic.twitter.com/z8oHMSeM4A
— monerify (@monerify) January 28, 2026
Technical structures are only half the story. The elephant in the room remains the structural squeeze on privacy coins caused by major exchange crackdowns. The Binance delisting and tighter controls from Kraken have severed key liquidity arteries for XMR, complicating price discovery.
This creates a massive disconnect. Monero’s fundamentals, ring signatures, bulletproofs, and stealth addresses have never been stronger, yet the venues to trade it are shrinking. It is a liquidity problem, not a utility problem.
The Monero delisting narrative forces traders to seek alternatives. As centralized exchanges bow to regulatory pressure, volume is migrating to decentralized solutions and non-KYC platforms.
For instance, platforms like SwapRocket have hit 150k users by catering to this exact need for privacy-preserving trading venues. For XMR holders, the thesis is simple: the tech is bulletproof, but the exit doors are getting smaller.
DISCOVER: Top Crypto Presales to Watch Now
Follow 99Bitcoins on X (Twitter) For the Latest Market Updates and Subscribe on YouTube For Daily Expert Market Analysis.
The post The Monero Price Hits a Wall: Why $370 is the Make-or-Break for XMR appeared first on 99Bitcoins.
