Categories: Technical analysis

Monero Wave Analysis – 30 May 2025

Monero: ⬇️ Sell

– Monero reversed from round resistance level 400.00

– Likely to fall to support level 300.00

Monero recently reversed down from the powerful round resistance level 400.00, standing far above the upper daily Bollinger Band.

The price will form the weekly Japanese candlesticks reversal pattern Bearish Engulfing if it closes this week near the current levels – strong sell signal for Monero.

Given overbought reading on both weekly RSI and Stochastic, Monero can be expected to fall to the next round support level 300.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Monero

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