The Trend Still Favours the Bulls
Monero remains in a medium-term uptrend, with the 100/50-Period EMAs still bullishly crossed and continuing to provide dynamic support. For now, the broader structure remains constructive despite the recent pullback.

A Failure to Reach New Highs
The latest rally stalled below the previous swing high at $372.58, producing successive lower highs around $368.35 and $366.00. While not yet a trend reversal, the inability to print a fresh high raises the possibility that buying momentum is beginning to weaken.

Momentum Losing Strength
Bearish RSI divergence has accompanied the recent highs, while the latest decline has come on increased selling volume. Together, these signals suggest the recent advance may be losing momentum, even though the broader trend remains intact.

Support Holds the Key
The recent swing low around $333.87 is now the most important level to watch. Holding above this area would keep the medium-term uptrend intact, while a decisive break below it would increase the probability that an interim top has formed.

In Summary
Monero continues to trade within a constructive medium-term uptrend, but recent price action suggests the rally may be losing momentum. The combination of lower highs, bearish RSI divergence and increased selling volume warrants caution, although the trend has not yet been broken. As long as $333.87 holds, bulls remain in control. A break below this level, however, would strengthen the case that a more meaningful correction is beginning.