Monero Price: XMR Bulls Demonstrate Resilience As Top Coins Face Sell Pressure

Key Insights:

• Monero price breaks above $340 while Bitcoin and Ethereum bleed, marking a rare show of strength.
• XMR Liquidation data leans bullish, with Long leverage outweighing Shorts as RSI trends higher.
• Zcash turmoil shifts the privacy spotlight, potentially positioning XMR as the sector’s dominant survivor.

In the latest Monero news, the XMR price is back above $340, and holding firm while Bitcoin, Ethereum, and most altcoins continue to bleed out.

Monero price bounced by 23% from the February 6 market-wide crash, leaving a trail of losses for short sellers.

Privacy-centric investors have been monitoring the charts as XMR maxis refused to fold amidst the general market dump.

Monero Price Pushes Past $340 Amid Market Downturn

Monero price achieved a mid-week high of $362 after rallying in the early Wednesday morning hours. Meanwhile, the rest of the crypto market extended its downside during the same period.

Monero Price Action | Source: TradingView

For reference, BTC was down 2% to $67,290, while Ethereum is nursing a 2.7% loss and hovering around $1,960. BNB is the largest loser among the top 10 largest coins by market cap, down by 5.5% at the time of observation.

XMR price was able to achieve a new weekly high while top coins faced accelerating downside. This was despite surging whale orders betting in favor of the bears.

The Monero price has been on a steep descending trendline for months, sliding from $800 high to lows of around $280.

The sharp bearish pattern around the February 6 crash has pushed XMR price back above $340 with conviction. But is Monero out of the woods yet?

XMR Chart Shows Mixed Signals

The 50-day Simple Moving Average (SMA) has been pulling back and could soon drop below the 100-day moving average. This reflects the extended pullback, but it may also point towards more downside risk for Monero price.

XMR price faced a sharp decline the last time its 50-day MA crossed below the 100-day MA. The cryptocurrency may fall below $300 if it follows a similar trajectory.

Conversely, the Relative Strength Index (RSI) hovered at 36.7 after ticking higher over the last few days. Meanwhile, the RSI’s Moving average hovered at 35.6 courtesy of  their bullish crossing earlier in the week.

The crossing underscores the current elevated demand and Monero’s temporary divergence away from the rest of the crypto market.

This observation is further supported by Futures data from CoinGlass, which showed there were more cumulative Long liquidation leverage ($6.69 million) in the last 7 days compared to cumulative Short liquidation leverage ($4.75 million).

This difference suggests bullish sentiment for Monero as investors (mainly retail traders) anticipate the price will roll higher in the coming days.

XMR Exchange Liquidation Data | Source: Coinglass

However, Futures traders will have to beat a huge obstacle around the $350.3 mark because a huge sell wall exists at this price point.

Nevertheless, the MFI revealed significant demand resurgence at recent lows. However, it lacked a steady uptrend, indicating weak bullish momentum.

This may be a good foundation for the bulls if demand is sustained, but if not, weak demand may fizzle out and potentially allow capitulation.

Zcash Developer Exit Created Opening for Monero

Amid the Monero price discussions, Zcash drama hit last month when the Electric Coin Company (ECC) team resigned after a governance clash with the Bootstrap board. ZEC crashed from 2025 highs near $700 down below $400, wiping out gains fast.

Some of those ex-developers are already teasing a new privacy wallet called cashZ. According to former ECC CEO Josh Swihart, the cashZ wallet will use the code base as the Zashi wallet, which they also built while working at ECC.

Though speculation of a new privacy coin competitor might emerge, Swihart assured users that the team will not be “launching any new coins” as they will be focused on scaling Zcash.

With Zcash’s popularity now at new lows compared to late last year, Monero is running the stage.

After a hacker transferred a huge amount of loot onto the Monero chain in early January, privacy developers’ interest in the chain suddenly escalated. It pushed XMR into the limelight, and this same limelight could be the stage on which Monero appeal makes a comeback.

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