Monero Buyers Struggle to Break Through Resistance Amid Regulatory Uncertainty

Monero's (XMR) price action has been stuck near $365 as buyers struggle to confirm a breakout, leaving the trend direction unclear.

The asset is currently trading at around $360.93 with volatility rising amid ongoing regulatory uncertainty targeting privacy-focused cryptocurrencies.

Regulatory headwinds continue to weigh on risk appetite, and market participants will be watching closely for a decisive move.

Technical signals are mixed, with the MACD indicator showing a positive reading of 9.57, but Bull/Bear Power being flagged as overbought, highlighting some buyer exhaustion near resistance.

The next week's range is expected to be between $345.83 and $384.2, with a high probability of gains and a low probability of declines.