Monero Price Tests Critical Resistance Zone Near $404.39

Monero's price has been on the rise, approaching a critical resistance zone near $404.39. The token has gained 1.17% over the past 24 hours and 10.32% during the past seven days, with its market capitalization standing at around $7.57 billion.

The four-hour chart shows a strong bullish structure, with XMR trading above all major EMAs (Exponential Moving Averages). The price remains above the 20, 50, 100, and 200 EMAs, which sit at $392.46, $383.67, $372.88, and $360.18 respectively.

However, the Stochastic RSI is currently at 81.24, indicating overbought conditions, which may lead to a temporary cooling period before another breakout attempt.