As Bitcoin price rebounds above $63,700, Monero (XMR) is trading close to $327, up nearly 4%. However, this privacy coin faces significant downside pressure, with recent gains stalled around the $340-$360 range. Analysts warn that if it falls below the key support level of $300, it could trigger a sell-off, with a target price of $265, the low point in October 2025. XMR has declined 59% from its January 2026 high, and technical indicators such as MACD and RSI continue to show bearish sentiment. Regulatory challenges and the broader altcoin market downturn have intensified this negative outlook.