Monero (XMR) is experiencing selling pressure as it struggles to break above the $128.10 resistance level. The cryptocurrency remains in a bearish trend, with prices staying below key short-term moving averages. The 9-day and 20-day exponential moving averages (EMA) are both declining, indicating negative market sentiment. The gap between these EMAs has widened slightly, reinforcing the bearish momentum. Momentum indicators such as the MACD and RSI suggest weak recovery potential. The MACD line remains below the signal line, while the RSI has rebounded slightly from oversold levels but remains below the neutral 50 mark. This indicates insufficient buying power to shift momentum to the bulls. Order book data shows strong buying interest near the $105 support level, while a significant wall of sell orders at $128 may challenge any bullish attempts. For traders, the current environment suggests caution. A decisive close above $128 could trigger a rebound towards $143.90 and $145.60, but until then, the bearish trend persists. Short positions may target the $105.40 support, with a stop-loss above $128 to manage risk.