XMR Tech Analysis: Support na $117, Resistance na $131 as RSI Near 38 and Supertrend Still Bearish
XMR dey trade around $315.88 after wan choppy session (+2.90% for di latest read), but XMR technical analysis still dey point to downtrend. RSI (14) near 38, near oversold, and Supertrend remain bearish — conditions wey dey invite stop-led “liquidity hunts” before any clean trend change.
Bearish
Both summaries dey keep trade framing as bearish: Supertrend still bearish, price dey inside one stop-dense $117–$131 liquidity band, and volume delta dem describe as seller-dominant/negative. The later article add more explicit downside mapping (targets around ~$109.55 and ~$100.40) and tighter invalidation risk below $95. Even with RSI near 38 (close to oversold), the articles treat any bounce as conditional on reclaiming/holding the ~$315 area with volume confirmation; otherwise, downside liquidity sweeps go dominate. BTC correlation still dey reinforce short-term risk if BTC fall below ~$65k.