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Monero’s $342 Barrier: Consolidation or the Start of a Breakout?
The privacy coin remains trapped in a narrow range as buyers defend short-term support near $323, and sellers consistently fade rallies into the mid-$340s. The standoff has kept Monero’s price largely unchanged this week, even as other mid-cap altcoins show wider swings. Unless bulls can close the day above the $342 mark with conviction, the market is likely to stay rangebound. A breakdown below $323 could push XMR toward the $310–$300 area, where it found support last month. Monero’s current consolidation follows a brief surge in late September, when prices climbed above $350 before profit-taking set in. Since ... (full story)
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