Monero Soars as Privacy Panic Fuels Demand After Tornado Cash Crackdown

Privacy coins are back in vogue—and Monero’s leading the charge. As regulators tighten the screws on mixers like Tornado Cash, crypto’s shadow economy pivots to harder-to-trace alternatives. XMR’s recent breakout suggests the ’privacy premium’ is back.

Wall Street’s compliance teams hate this one weird trick. While TradFi spends millions on AML theatrics, a single privacy coin bypasses the whole charade. The irony? Their surveillance dragnets just funnel more users into crypto’s dark corners.

Monero price technical analysis

The weekly chart shows that the XMR price has surged this year after spending three years in a tight range between $127 and $187. This price action is a sign that it has moved into the markup phase of the Wyckoff Theory, which is usually characterized by higher demand than supply. 

Monero has remained above the 50-week and 100-week Exponential Moving Averages. The Relative Strength Index shows that it has become highly overbought.

Therefore, the bullish trend will likely continue as bulls target the all-time high of $517, about 27% above the current level. After hitting that resistance, it will likely enter the Wyckoff Theory’s distribution phase and pull back.