XMR: Initial Resistance Continues to Cap the BullsMonero / TetherKUCOIN:XMRUSDTDukesMarketAnalysisMonthly Support Holding Monero continues to base around the $300 support zone, with buyers repeatedly stepping in to defend this important area. The repeated reactions suggest demand remains healthy, although the recovery is still lacking strong follow-through. Bearish Moving Average Structure The 100/50-day EMAs remain bearishly crossed, with price continuing to trade beneath both moving averages. Until those averages are reclaimed, the broader daily trend remains tilted in the bears' favour. Resistance Still the Key Hurdle Price has now been rejected four successive times around the $335 resistance area, while continuing to print a series of lower highs. A decisive break above $335 would improve the short-term outlook and bring the next resistance around $380 back into focus. Momentum Remains Neutral Volume continues to decline as price stalls beneath resistance, while the RSI remains around the 50 level and the StochRSI continues to work off overbought conditions. This suggests momentum remains balanced as the market waits for a breakout in either direction. Summary Monero continues to defend the key $300 support zone, but the bears retain the upper hand while price remains beneath the bearishly crossed 100/50-day EMAs and the $335 resistance area. A break above $335 would be the first meaningful sign of improving strength, while continued rejection would keep the recent pattern of lower highs intact.