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- XMR maintains a strong uptrend despite sector-wide pullbacks.
- A close above $418 could fuel a rally toward $518.
- Holding $367 keeps bullish momentum intact.
Monero is quietly regaining strength while the broader privacy-token sector cools off. After holding firm through last week’s heavy retracements across ZKSync, Dash, and ZCash, XMR is once again approaching its key breakout zones. The question now is whether bulls have enough momentum to push past long-standing resistance and revive the privacy narrative.
Privacy Tokens See a Reset, Not a Collapse
Several large privacy coins faced deep pullbacks recently. ZKSync and Dash both lost more than a third of their value, while ZCash slipped after a strong two-month run. The sell-off looked sharp but not trend-breaking. Most charts still show higher-timeframe strength, suggesting this drop was more of a healthy reset than the end of the rally.
Monero, despite its delistings from major exchanges in recent years, managed to stay positive. The token gained more than 13% over the past week—steady, not flashy, but notable against peers that corrected aggressively.
XMR Maintains a Strong Uptrend
Monero’s structure remains firmly bullish. Its September breakout above $300 kicked off a trend that has held through every dip. Moving averages continue to act as support, and momentum indicators like the RSI and OBV show consistent buying interest rather than speculation-driven spikes.
The only real hurdle is the $418–$470 band. It has rejected XMR multiple times, including a quick wick to $470 that failed to close above resistance. Clearing $418 on the daily chart is the key step that could open the path toward higher targets.
Key Levels to Watch
The market has respected the $367 support zone, which aligns with the 50% Fibonacci level. As long as XMR stays above it, bulls retain clear control. A daily close over $418 would set up a move toward $518—a level that carries weight as both a Fib extension and the previous cycle’s top.
Also Read: Monero (XMR) Price Holds Strong Near $400 — Is a Breakout Toward $500 Next?
A close below $367, however, would signal fading momentum and invite a deeper pullback.
Monero is positioned well heading into the next momentum shift. If Bitcoin rebounds and ZCash recovers, the privacy theme could heat up again—and Monero may be one of the first to benefit.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
