Monero’s XMR Eyes 40% Rally—Can Privacy Coin Smash All-Time High?
Monero (XMR), the OG privacy coin, is flashing bullish signals as traders bet on a 40% surge. With its untraceable ledger and cult-like following, XMR could be gearing up to challenge its previous peak—if it can dodge the regulatory crosshairs.
Market whispers suggest institutional players are quietly stacking XMR as a hedge against surveillance-heavy alternatives. Meanwhile, retail traders chase the momentum play, ignoring the irony of speculating on an anti-speculation asset.
Will Monero’s tech-first ethos finally translate to price discovery? Or will this be another ’decentralization premium’ fantasy crushed by the cold mechanics of liquidity? Only the blockchain knows—and it’s not telling.
XMR price technical analysis
The weekly chart shows that the XMR price has been in a strong bullish trend over the past few weeks. This rebound followed a prolonged period in which the coin remained between the support and resistance levels at $134.42 and $186.18 for over two years.
This consolidation was likely part of the accumulation phase of the Wyckoff Theory. It has now moved into the markup phase, which is characterized by higher demand than supply.
Monero has moved above all moving averages. Additionally, the Average Directional Index has risen to 25, a sign that the trend is strengthening. The Relative Strength Index and the Stochastic Oscillator have both reached overbought territory.
Therefore, the coin will likely keep soaring as bulls target the all-time high of $515, which is about 40% above the current level. An alternative scenario is that it drops to retest the support at $200 before resuming the uptrend.
