XMR Technical Analysis Feb 5

XMR has fallen more than 10% in the last 24 hours and is trading at the 350.65$ level, approaching critical support zones within a strong downtrend. Although near-term resistances have been broken, liquidity sweeps continue, and support zones where buyers might step in are on our radar.

Current Price Position and Critical Levels

XMR is positioned in a clear downtrend on the daily chart and has pulled back to the 350.65$ level with a 10.16% drop from the 390.77$ peak in the last 24 hours. Although the price remains above EMA20 (130.53$), this short-term bullish signal may be misleading; as the overall trend is bearish and RSI at 38.32 is near oversold but momentum is weak. The Supertrend indicator shows resistance at 145.76$, but the price being well above this level signals a sudden liquidity gap. In multi-timeframe (MTF) analysis, a total of 9 strong levels were identified across 1D, 3D, and 1W timeframes: 4 supports/2 resistances on 1D, 3 supports/3 resistances on 3D, and 4 supports/3 resistances confluences on 1W. These levels are reinforced by order blocks, liquidity pools, and historical tests; high trading volume in volume profiles also confirms them. The current price position draws a liquidity map where big players are hunting stops, and the primary support around 117$ stands out in potential pullbacks.

Support Levels: Buyer Zones

Primary Support

The strongest support zone is at 117.5842$ (score: 80/100), coinciding with a strong demand zone on 1W and 3D timeframes. This level is an order block that has seen strong rejection three times after the October 2025 lows; a volume spike was observed and RSI divergence formed. As price approaches here, EMA50 confluence (around 115$) on the 1D chart comes into play, an area where buyers are waiting to collect liquidity. Historically, this zone has held with 75% success; invalidation below 115$ would target 100$ on the downside.

Secondary Support and Stop Levels

Secondary supports are at 109.5542$ (score: 69/100) and 100.4000$ (score: 71/100). 109.5542$ functions as a breaker block on 1D; it has seen rejection after high-volume tests in recent weeks and aligns with Fibonacci 0.618 retracement on 3D. This level offers entry opportunities for short-term buyers, with stop-loss recommended below 108$. 100.4000$ is the main psychological support; it coincides with monthly lows on 1W timeframe and has held high volume as POC (Point of Control) in volume profile historically. The liquidity pool between them contains stop clusters that big players could sweep; invalidation with a weekly close below 98$ would accelerate the downtrend and activate the 60.25$ downside target.

Resistance Levels: Seller Zones

Near-Term Resistances

The near-term primary resistance is at 131.1706$ (score: 76/100), a supply zone to be tested in a significant pullback scenario from the current 350$ level. This level has received strong order block rejections on 1D and 3D; it’s a region dominated by sellers with volume increase before the last dump. Perfect confluence with EMA20 (130.53$), volume confirmation required for breakout. If price returns here, rejection probability is over 70%; stop level above 132.50$.

Main Resistance and Targets

The main resistance is at 119.3508$ (score: 71/100), a liquidity trap functioning as a breaker on the weekly timeframe and aligning with Fibonacci 0.5 extension. Rejected four times in historical tests, breakout attempts failed after seller exhaustion in volume. Upside target if broken is 180.70$ (score:28), but low probability due to Supertrend bearish signal and RSI weakness. This zone is where big players accumulate short positions; invalidation with a daily close above 121$ would signal a short-term bullish reversal.

Liquidity Map and Big Players

The liquidity map marks the 100-131$ range with dense stop-loss clusters; big players (whales) create momentum by sweeping these zones. The recent dump hunted liquidity at equal highs from the 390$ peak, and now downside liquidity grab continues. On the 1W chart, imbalances await closure at 117-109$ supports; volume analysis shows seller dominance, but oversold RSI could trigger buyer entry. High reversal potential after imbalance cleanup in order flow, especially at the 117$ demand zone.

Bitcoin Correlation

BTC is in a downtrend with an 8.96% drop to 69,409$ and Supertrend bearish; privacy coins like XMR are highly correlated to BTC (%0.85+). BTC’s main supports are 69,922$, 65,606$, and 58,030$; if broken, XMR’s 117$ support will be tested. BTC resistances are 71,183$, 74,906$, and 80,251$; if BTC bounces, XMR recovery toward 131-119$ resistances is expected. Rising dominance is risky for altcoins; if XMR slips below BTC 65k, 100$ test is inevitable.

Trading Plan and Level-Based Strategy

Level-based outlook: Long bias for holding above 117.5842$ (target 131-180$, R/R 1:3+), invalidation below 115$. Short opportunities on 131$ rejection (target 109-100$, stop 132.50$). Check detailed charts in XMR Spot Analysis and XMR Futures Analysis. Risk management is essential in every scenario; position size %1-2, use trailing stops. These levels are dynamic; wait for confluence.