$XMR /USDT – Bearish Breakdown After Strong Rejection | Short Setup

Market Overview

XMRUSDT has seen a sharp sell-off from the 718–700 resistance zone, dropping aggressively and printing a strong bearish impulse. Price is currently trading around 624, well below key intraday levels, confirming sellers’ control.

Technical Structure

Trend: Bearish (lower highs & lower lows)

Market Structure: Breakdown below minor support near 650, turning it into resistance

Momentum: Strong downside momentum after rejection from the upper supply zone

Volume: Elevated sell volume during the drop, validating bearish intent

Key Levels

Resistance Zone: 650 – 670 (previous support turned resistance)

Immediate Resistance: 640 – 645

Support Levels:

610 – 600 (first demand zone)