Monero’s Wild Ride: Will $380 Be the Boss or the Door Mat? 🚀💸

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So, there you are, minding your own business, when suddenly Monero (XMR) decides to throw a party 🎉-complete with volatility confetti and resistance zone piñatas. Over the past 48 hours, it’s been more dramatic than a soap opera, and let’s be honest, no one saw that coming. Well, maybe someone did, but they’re probably too busy high-fiving their crystal ball right now. 🌟

According to some wise folks at AMBCrypto (who apparently have a direct line to the Crypto Oracle), Monero took a little dip to $355-$360. Shocking? Not really. Rebounded? Oh, absolutely. Because, you know, Monero doesn’t do “stay down”-it does “bounce back like a rubber chicken.” 🐔💪

Monero’s Bullish Shenanigans

Behold, the bullish structure! It broke, then did a little dance, and marked a higher low in cyan. Because, why not? The latest internal structure shift was bearish, though, probably because it had a bad week-you know, the kind where you pull back from $417 to $360 and leave an imbalance at $390. Now that’s just sitting there, acting all supply-zoney. 🌋

Meanwhile, the $360 area is like that reliable friend who’s always there to catch you when you fall. Will it hold up in the next round of crypto chaos? Only the blockchain gods know. 🙏

The OBV (On-Balance Volume, for those not in the know) is like that one friend who’s always doomscrolling. It’s showing a lower low, which means the bears are having a field day. So, yeah, this internal structure shift isn’t just a phase-it’s the new black. 🦝

Now, let’s zoom in to the 1-hour timeframe, where the $380 supply zone is as clear as a hangover on New Year’s Day. The structure here is bullish, but if the price drops below $369.6, it’s like tripping on the red carpet-embarrassing and bearish. 🕺💔

The OBV has been climbing like a squirrel up a tree in the past 24 hours, which is… nice? But is it enough to push Monero back above $400 and into steady uptrend territory? Eh, probably not. But hey, hope springs eternal. 🌱

Remember that 17.8% pullback from $438 to $360? Yeah, that was fun. Liquidity pockets got taken out like yesterday’s trash, including the one at $385. The rebound from $360 and the short-term consolidation below $380 have built up short liquidations overhead. Because, of course they have. 🚀💥

The Road Less Traveled (and Probably for a Reason)

Now, here’s a fun thought: What if Monero decides to take the scenic route and fall below $360? Especially if Bitcoin decides to take a nosedive below $88k. Stranger things have happened. Like, remember when that guy tried to pay for a pizza with 10,000 BTC? Good times. 🍕😅

The lack of demand for XMR lately suggests that the bounce to $380 was just a fling, not a commitment. But hey, who doesn’t love a good rebound story? 🏀

Monero Traders: To the Moon or the Dumpster?

Despite the underwhelming response in the past 24 hours, there’s been… some response. A 5.7% bounce to $381, before the bulls called it a day. The liquidation heatmap shows liquidity clustering just above $385, and at $420 and $450. These zones are like magnets-pulling prices higher whether they like it or not. 🧲

But here’s the kicker: Traders need to see a price bounce beyond $380 and confirmation that the short-term supply zone has flipped to a demand zone before they can even think about going long. Because, you know, due diligence and all that jazz. 📈

Final Musings (Because We Have to Wrap This Up Somehow)

  • The internal structure shift on the 1-day timeframe? Just a warning, not a full-blown trend shift. So, don’t panic… yet. 🚨
  • If $380 remains a no-go and $360 crumbles like a poorly made sandwich, traders might want to consider switching to bearish mode. 🐻

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2025-12-09 16:14