Altcoins News
By Maheen Hernandez
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Multi-Year Resistance Finally Broken. Monero’s bullish reversal began after breaking out of a multi-year consolidation phase in December…
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Volume Confirms the Breakout. What makes Monero’s current rally even more compelling is the consistent rise in trading volume.
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Next Price Targets: $396 and $489. Based on Fibonacci extension levels, the next key price targets for Monero are $396.8 (23.
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Daily Chart Supports Bullish Outlook. On the daily chart, Monero maintains strong momentum.
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Investors Watch for $400 and $500 Levels. With Monero’s momentum showing no signs of slowing, traders are now closely watching the $400 and…
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Monero (XMR), the popular privacy-focused cryptocurrency, has staged a remarkable comeback in recent weeks, soaring by 82% since early April.
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The privacy coin has shown significant strength relative to other top assets like Bitcoin and Ethereum, demonstrating strong buying interest and growing conviction among…
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Since that breakout, the asset has retested the $183 zone multiple times, confirming its role as a long-term support level.
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According to technical analysis, the $246 level — the 61.8% Fibonacci retracement from the 2021–2022 decline — was a key obstacle for Monero earlier this year.
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What makes Monero’s current rally even more compelling is the consistent rise in trading volume. Over the past year, volume trends have supported Monero’s upward movements.
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Volume is often considered one of the most important confirmation signals for technical patterns.
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On the one-week chart, the setup remains intensely bullish. The current trend suggests XMR may be preparing for a continuation toward higher price levels, possibly reaching new…
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Based on Fibonacci extension levels, the next key price targets for Monero are $396.8 (23.6% extension) and $489.5 (61.8% extension).
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The $489 level is particularly significant, as it represents a possible path toward retesting the all-time high of $542.
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On the daily chart, Monero maintains strong momentum. The Chaikin Money Flow (CMF) reading stands at +0.12, indicating steady capital inflows into the asset.
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