Monero ($XMR ) has shown strong bullish momentum recently—rebounds above major support, breakout past long-term resistance patterns, and renewed demand for privacy coins are driving price action. XMR recently made new all-time highs near ~$800 before pulling back, and remains in a bullish structure above key moving averages. �
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🟩 Technical Highlights
Bullish Signals
Broke above a long-term ascending wedge—suggests trend shift from consolidation to uptrend. �
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Price trading above key short/medium EMAs indicating ongoing buying pressure. �
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Derivatives data show rising open interest and positive funding rates, a sign traders expect continuation. �
tmgm.com
Resistance & Support
Near-term resistance zone around $490–$500. �
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Strong support seen near $460 and above—holding these levels keeps bulls in control. �
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Pullbacks below support could invite volatility, especially with leverage positioned above. �
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🚀 Price Targets & Forecast
Some analysts and AI forecasts suggest a 2026 range between ~$520–$760 if bullish momentum sustains. �
AInvest
Longer-term models point to potential higher targets (~$900+) but require clear continuation past recent peaks. �
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📌 Market Context
Demand for privacy and censorship-resistant digital cash is a major narrative driving XMR’s performance—and Monero remains a top privacy coin by transaction activity. However, regulatory scrutiny and exchange delistings continue to affect accessibility and liquidity. �
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Summary:
XMR is in a bullish trend with notable breakouts and strong technical data, but short-term resistance near ~$500 could slow upside. Holding above key supports and continued demand for privacy features will be key for the next leg up. �
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*Note: This is informational and not financial advice.*#GoldSilverAtRecordHighs #BinanceHODLerBREV