Monero (XMR) Price Holds Strong Near $400 — Is a Breakout Toward $500 Next?

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• XMR faces resistance between $348–$400 after a 30% rally.
  
• Accumulation continues among mid-sized holders, signaling confidence.
  
• A breakout above $363 could trigger a move toward $500.

After a strong 30% climb over the past month, Monero (XMR) has hit resistance near the $348–$400 range, halting its recent rally. The privacy-focused cryptocurrency, often seen as a barometer for the broader interest in decentralized and anonymous transactions, is now consolidating after weeks of steady gains.

Despite the pullback, market sentiment remains cautiously optimistic. Technical charts show that XMR continues to trade above its 20-day exponential moving average (EMA) at around $330, a level that has served as solid short-term support.

Consolidation Could Precede a Breakout

On the 4-hour chart, Monero’s Money Flow Index (RSI) has cooled to 63.68, suggesting the coin is neither overbought nor oversold. This neutral setup often precedes strong directional moves.

Volume data reinforces this view — accumulation among mid-sized holders (those with 50–100 XMR) continues to rise, indicating investors are quietly positioning for another leg higher. As long as the price stays above $320, the broader uptrend remains intact.

However, a failure to defend this zone could send XMR sliding toward $290, where the next support lies.

Bulls Eye $500 if Breakout Confirmed

A close above $363 could mark the start of a new rally phase, potentially driving XMR toward the $500 region. That would also confirm a breakout from the six-month ascending triangle pattern, a bullish technical formation that often precedes major upswings.

Also Read: Zcash (ZEC) Rallies 933%, Surpassing Monero and Shiba Inu in Market Cap

Still, traders should watch momentum closely — the MACD on the daily chart is flattening, signaling a possible cooldown before any renewed surge.

A Pause, Not a Pullback

Monero’s recent hesitation appears more like a healthy consolidation than a reversal. With Bitcoin stabilizing above $105,000 and privacy coins gaining renewed attention, XMR could soon make another run at its long-standing resistance. If buyers return with conviction, the path to $400 and beyond remains open.

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.