Technical analysis by The_Alchemist_Trader_ about Symbol XMR: Buy recommendation (8/27/2025)

Monero (XMR) has respected the 0.618 Fibonacci level in confluence with the VWAP, producing a strong bounce back above daily support at $255. This sets the stage for potential continuation higher. XMR has recently confirmed a technical rebound from a high-confluence zone, where both Fibonacci retracement levels and VWAP align. The recovery above $255 has reestablished daily support, allowing bulls to regain control. With the current trading range between $255 and $336, Monero is showing signs of strength, provided the bullish structure continues to hold. Key Technical Points: - Critical Support at $255: Holding this level keeps the bullish projection intact within the current range. - 0.618 Fibonacci + VWAP Confluence: A strong bounce confirms technical demand at this zone. - Target at $336: Sustained bullish structure points to the next upside objective. The reaction off the 0.618 Fibonacci level combined with VWAP support has been a critical turning point for Monero. This confluence created a base for demand, and the subsequent bounce above daily support at $255 validates the strength of the level. Technical traders often consider these confluences as highly reliable for trend reversals or continuation setups, and in this case, XMR has delivered a notable rebound. The $255 region remains the pivotal line for bulls to defend. A failure to maintain this level would weaken the market structure and put pressure on lower supports. Conversely, holding above $255 opens the door for a rotation higher within the established range. The upper boundary of this range lies at $336, making it the immediate target if momentum continues. Testing this level will be key for determining whether XMR is prepared for an extended bullish run. Structurally, Monero remains bullish. The higher-low projections remain intact as long as the recent low holds. This suggests that the overall uptrend is not only alive but gathering potential energy for a continuation. The development of a bottoming formation above the 0.618 Fibonacci retracement will be crucial, as it would signal that sellers have been exhausted and that the path toward higher levels is becoming clearer. What to Expect in the Coming Price Action: XMR is likely to trade within the $255–$336 range in the short term. A successful defense of $255 could create the foundation for another leg higher, with $336 serving as the primary resistance to break. A decisive move above $336, particularly with volume support, would confirm continuation toward higher levels beyond the range.