The post Monero [XMR] rebounds from $360, but $380 barrier emerges: What next? appeared on BitcoinEthereumNews.com. XMR noted increased volatility over the past 48 hours as a key short-term resistance zone was being contested over. A recent AMBCrypto report noted that a price dip to $355-$360 was possible for Monero [XMR]. This has come to pass, and the price has rebounded higher. A bullish Monero bias Source: XMR/USDT on TradingView The bullish structure breaks and the subsequent higher low were marked in cyan. The latest internal structure shift was bearish, coming in the aftermath of the previous week’s pullback from $417 to $360. During this pullback, an imbalance at $390 was left behind, which would now act as a supply zone to the north. To the south, the $360 area has already served as a demand zone. Will it be defended in case of another test? The OBV’s lower low suggested that the bears had the upper hand overall. This suggested that the internal  structure shift was not a momentary change, but could define the next price trend. Source: XMR/USDT on TradingView The $380 supply zone was visible more clearly in the 1-hour timeframe. The structure in this timeframe was bullish, but a price drop below $369.6 would represent a bearish internal shift. The OBV’s ascent in the past 24 hours was encouraging. But is it enough to take Monero prices back above the $400 mark and establish a steady uptrend? Source: CoinGlass The 17.8% pullback from $438 to $360 saw liquidity pockets taken out, such as the one at $385. The rebound from $360 and the short-term consolidation below $380 in the past 36 hours have built short liquidations overhead. The less likely path ahead It is possible that Monero would be forced to fall below $360, especially in the event of a Bitcoin drop back below $88k. The lack of demand for XMR since… The post Monero [XMR] rebounds from $360, but $380 barrier emerges: What next? appeared on BitcoinEthereumNews.com. XMR noted increased volatility over the past 48 hours as a key short-term resistance zone was being contested over. A recent AMBCrypto report noted that a price dip to $355-$360 was possible for Monero [XMR]. This has come to pass, and the price has rebounded higher. A bullish Monero bias Source: XMR/USDT on TradingView The bullish structure breaks and the subsequent higher low were marked in cyan. The latest internal structure shift was bearish, coming in the aftermath of the previous week’s pullback from $417 to $360. During this pullback, an imbalance at $390 was left behind, which would now act as a supply zone to the north. To the south, the $360 area has already served as a demand zone. Will it be defended in case of another test? The OBV’s lower low suggested that the bears had the upper hand overall. This suggested that the internal  structure shift was not a momentary change, but could define the next price trend. Source: XMR/USDT on TradingView The $380 supply zone was visible more clearly in the 1-hour timeframe. The structure in this timeframe was bullish, but a price drop below $369.6 would represent a bearish internal shift. The OBV’s ascent in the past 24 hours was encouraging. But is it enough to take Monero prices back above the $400 mark and establish a steady uptrend? Source: CoinGlass The 17.8% pullback from $438 to $360 saw liquidity pockets taken out, such as the one at $385. The rebound from $360 and the short-term consolidation below $380 in the past 36 hours have built short liquidations overhead. The less likely path ahead It is possible that Monero would be forced to fall below $360, especially in the event of a Bitcoin drop back below $88k. The lack of demand for XMR since…