Monero Flips Bullish Market Structure — $473 Target in FocusMonero has shifted its daily market structure to bullish after reclaiming the $357 level as support. The confirmed break of structure increases the probability of a continuation move toward the $473 high-timeframe resistance.
Key Highlights:
- Bullish market structure break: Higher low followed by a confirmed higher high.
- $357 support flip: Previous resistance now acting as strong demand.
- $473 resistance: Next major upside level if momentum continues.
Monero’s recent price action has confirmed a bullish shift in the daily market structure. The chart shows a clear higher low followed by a breakout that established a new higher high, confirming a break of market structure (MSB). This type of structural shift typically signals a transition from consolidation into a trending environment where buyers begin to control the market.
One of the most important technical developments is the reclaim of the $357 level. This zone previously acted as a key resistance area but has now flipped into support. When resistance converts into support, it often signals strong buyer demand and increases the probability of continued upside momentum.
As long as Monero maintains support above $357 on a daily candle-closing basis, the bullish structure remains intact. Holding this level could allow price to continue expanding higher within the current trend. The next major level traders are watching is the high-timeframe resistance near $473, which becomes the logical upside target if bullish momentum continues to build.
Long
