XMR 8H – Pulling Back Toward Lower Channel Support After Upper BMonero / TetherKUCOIN:XMRUSDTBKVIPXMR on the 8H timeframe is currently trading around 413 inside a well-defined rising parallel channel that has been guiding price higher since the early April lows. Price pushed up to the upper channel boundary near 430–440 before a sharp rejection. It is now pulling back and approaching the lower channel boundary which is currently rising toward 400–405, making this the next key area to watch. Both channel boundaries have produced consistent and clean reactions throughout the structure since mid-April. Key Levels To Watch 440 → Upper channel boundary, prior rejection zone 420–425 → Prior resistance zone, now minor support 410–413 → Current price, mid-to-lower channel area 400–405 → Lower channel boundary (dynamic, rising) 380–390 → Below channel support zone Below 317 → Full channel breakdown The lower channel boundary has been tested and respected multiple times throughout April and into May, consistently producing bounces back toward the upper boundary. Price is now approaching the lower boundary after the rejection from the top of the channel. This is the key zone to watch for a potential continuation of the bullish channel structure. A hold at the lower channel support near 400–405 would keep the structure intact and set up another push toward the upper boundary at 430–440. A clean break below the lower channel boundary and a close under 400 would invalidate the channel structure and open room toward 380–390. This is a channel pullback setup approaching the lower boundary. Hold lower channel at 400–405 → continuation toward 430–440. Break below channel → structure shifts, eyes on 380–390. Structure bullish inside rising channel. Bias shifts only on confirmed channel breakdown.