Can Bulls Push Monero (XMR) To Break  $350 After Testing $315 Support

XMR/USDT has been moving between $315 support and $356.99 resistance,awaiting breakout confirmation.

Trader highlights a curved upward trajectory expecting a breakout above $350, unlocking targets near $355 and then $360+.

Analyst @NoirBit14 noted that a breakout above long-term resistance could open a path to higher levels.

Monero (XMR) is catching traders’ eyes once again, climbing to $353.47 with a 3.49% jump in the past 24 hours and a 4.81% rise this week. With trading volumes topping $140 million excitement is building around a possible breakout.

Short-Term Price Action and Resistance Battle

The focus on Monero (XMR) begins with the 1-hour chart of the XMR/USDT perpetual contract, where price is consolidating between key support at approximately $315 and resistance near $356.99. The market’s recent tests around $344.92 and reaction near the $350 mark indicate that $350 is acting as a critical pivot.

Source: NWA Via X

A close above $350 could start a rally targeting $355 and then $360. On the flip side, failure to clear the $356.99 zone may result in a retest of the support.

Technical indicators from other sources corroborate this structure. Analysts note that XMR recently formed a multi-year accumulation and is now testing major resistance clusters.The combination of consolidation, resistance testing and pattern structure suggests the price is at a turning point.

Macro Structure and Long-Term Potential

On the weekly and multi-year chart, Monero appears to be forming a larger symmetrical triangle or accumulation phase. One analyst, NoirBit (@NoirBit14), argues that XMR is “one of the best macro indicators for market tops,” and points to resistance around $479.67 as a major barrier

If broken, targets toward $600 or more may come into view. The macro view supports a bullish scenario, assuming resistance breaks and momentum builds.Other technical sources agree that the breakout would open “room for expansion” given that indicators such as RSI are positive but not yet overextended

Thus, while the short-term setup is key, the long‐term structure provides additional context for higher potential if the breakout is confirmed.

Outlook and What to Watch

For traders and analysts alike, the $350 threshold for XMR holds great significance. A decisive close above that level could clear short-term supply and trigger the projected upward path toward $355 and $360

The red zone at the top (resistance) remains a sell or short consideration if price is rejected. Meanwhile, the shaded projection box suggests a managed entry on confirmation of strength.

Important signals to monitor include: volume expansion on the breakout above $350, price reaction at the $356.99 zone, support hold at $315, and momentum indicators confirming strength. The macro structure suggests that if these events align, the next leg could be meaningful.

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