Monero is back in the spotlight, and this time the charts are starting to look hard to ignore.
Fresh technical analysis on XMRUSDT.P suggests the privacy-focused cryptocurrency could be gearing up for a sharp move toward the $397 region after weeks of tightening structure and steady accumulation. Traders watching the setup point to strengthening momentum, bullish continuation patterns, and a broader recovery across major altcoins as fuel behind the move.
What’s interesting is that XMR has quietly held stronger than many expected during recent market volatility. While meme coins grabbed headlines, Monero kept building a cleaner higher-timeframe structure in the background. Some analysts now believe a sustained break above nearby resistance zones could trigger aggressive upside expansion, especially if volume follows through.
At the time of writing, Monero was trading near the $389 range after gaining ground over the past month.
Still, crypto traders know how fast sentiment flips. If XMR fails to hold momentum near key support levels, the rally thesis could cool off quickly. But for now, the market seems to be leaning bullish and traders are clearly watching that $397 target very closely.