Monero Near $226 Support as Oversold Trend Deepens

Monero’s price is currently hovering near the crucial support level of $226, displaying a sustained downtrend with no signs of rebound since losing its previous point of control. This has led to oversold conditions, suggesting a possible short-term rally if buyers intervene. Analysts suggest the $226 region coincides with a bullish order block and long-term support. This area could act as a launchpad for short-term gains if defended by buyers.