Monero, Aster, and Bonk Face Intensifying Downside as Market Momentum Fades

Key Moments

Broader Market Stagnation Weighs on Select Altcoins

Altcoins such as Monero (XMR), Aster (ASTER), and Bonk (BONK) are vulnerable to further declines as the wider cryptocurrency market stalls amid ongoing peace talks between Ukraine and Russia. The loss of momentum across the complex is amplifying downside pressure on tokens that are already trading near or below key technical levels.

Monero Extends Slide After Breaching 50-day EMA

Monero is trading under its 50-day Exponential Moving Average (EMA) at $371 after posting an 8% decline on Sunday, which produced a fourth consecutive bearish daily candle. At the time of writing on Monday, XMR is up 1% as buyers attempt to defend the $350 area.

A clear breakdown below $350 would leave the token exposed to a deeper pullback toward the 200-day EMA at $319.

Daily chart momentum signals reflect increasing downside pressure. The Relative Strength Index (RSI) stands at 43, having slipped below the midpoint to indicate stronger selling interest. At the same time, the Moving Average Convergence Divergence (MACD) is edging closer to the zero line while preserving the sell signal generated by a bearish crossover on Wednesday.

On the upside, a sustained recovery above the 50-day EMA at $371 could allow XMR to extend gains toward the $400 psychological level.

Aster Flirts With Crucial Support, Threatens All-time Low

Aster is trading above $0.900 as of Monday press time after dropping 6% in the previous session. The perpetuals-focused exchange token is close to losing the $0.882 support zone, which coincides with last week’s low.

A confirmed daily close beneath $0.882 would increase the probability of a move toward the all-time low at $0.817, recorded on November 4. A break below $0.817 would put the token into price discovery to establish a new record low.

Short-term momentum readings on the 4-hour chart show pronounced selling pressure. The RSI at 32 is hovering near oversold territory, while the MACD and signal lines are extending a downward trajectory.

On the other hand, if Aster rebounds off $0.882 and reclaims the $1.000 psychological threshold, it could revive a recovery phase targeting the recent $1.086 high.

Bonk Consolidates Below Resistance With Bias to the Downside

Bonk remains under pressure below $0.00001000 as of Monday press time, trading in a consolidation band on the 4-hour chart. The current range is defined by support at the November 22 low of $0.00000844 and resistance at $0.00001034.

Price action suggests that the path of least resistance is toward the $0.00000844 support level. The 4-hour RSI is at 42, leaving additional room before oversold conditions are reached. Meanwhile, the MACD and signal lines are moving sideways below the zero line, reflecting mixed momentum signals.

If buyers manage to break above the upper boundary of the range, BONK could target the 200-period EMA at $0.00001074, followed by the R3 Pivot Point resistance at $0.00001160.