Monero Jumps 82% in 40 Days : Is a Break Above $489 Next ?
Technical Analysis: Could a 82% increase be on the horizon? Technical analysis indicates that Monero (XMR) has been displaying a sustained bullish trend for several months. Following a consolidation phase, the price has recently experienced...
The technical analysis shows that Monero (XMR) has been displaying a sustained bullish trend for several months. After a consolidation phase, the price has recently experienced an acceleration, with high transaction volumes reinforcing the uptrend.
With a previous all-time high at $542, only a 60% increase would be needed to reach a new peak. The technical indicators seem favorable for this short-term outlook.
Since the beginning of 2025, Monero has shown an impressive relative strength compared to giants like Bitcoin (BTC) and Ethereum (ETH), which are struggling to maintain their momentum.
After a long consolidation phase, the XMR price has recently accelerated, driven by record transaction volumes. According to CoinMarketCap data, Monero’s daily volume has surged by 45% since April 2025, indicating a renewed investor interest.
On the weekly chart, there is a breakout from the multi-year consolidation of XMR. The $183 level, which was a key resistance, has now become a solid support. Fibonacci retracement levels indicate a possible consolidation before the next upward phase towards $396.8 and $489.5.
On the daily chart, XMR retains its bullish momentum, with a positive money flow index signaling significant capital inflows. Transaction volume has significantly increased since April, strengthening the upside potential.
However, the CMF is at its lowest on the weekly timeframe, suggesting that Monero could still be undervalued and growing interest could drive XMR price to new highs in 2025.
Indeed, according to Laura Chen, privacy-focused cryptocurrencies like Monero are gaining more traction:
“Privacy-focused cryptocurrencies, like Monero, are attracting more capital in a context where data protection is becoming a global priority,” explains Laura Chen, a crypto analyst at CryptoInsights.
Monero Outlook : An Explosion on the Horizon ?
On the daily chart, XMR maintains its bullish momentum, with a positive money flow index signaling significant capital inflows. Transaction volume has significantly increased since April, strengthening the upside potential.
However, the CMF is at its lowest on the weekly timeframe, suggesting that Monero could still be undervalued, and the growing interest could drive XMR price to new highs in 2025.
Indeed, according to Laura Chen, privacy-focused cryptocurrencies like Monero are gaining more traction:
“Privacy-focused cryptocurrencies, like Monero, are attracting more capital in a context where data protection is becoming a global priority,” explains Laura Chen, a crypto analyst at CryptoInsights.
While Bitcoin and Ethereum face challenges, Monero has shown solid performance, indicating relative strength and further upward potential towards $400 and $500 levels.
In conclusion, the technical analysis of Monero (XMR) presents an interesting investment case for investors seeking high returns in the cryptocurrency sector. Although this analysis is not investment advice, it highlights current bullish trends and favorable outlooks for XMR.
XMR is clearly in a bullish cycle as all major resistances have been broken. It just needs a favourable market, and XMR should quickly reach new highs. It must maintain above the $268 zone.
To buy Monero, here is a detailed guide:
Create a Bitget account – Sign up on bitget.com with your email or phone, validate the code sent, and activate 2FA to secure your account.
Verify your identity (KYC) – Submit an ID to complete the KYC verification, necessary for trading.
Add funds – Deposit cryptocurrencies (USDT, BTC) or fiat via credit card (Visa, Mastercard) or bank transfer under “Deposit”.
Access the XMR market – Go to “Spot Market”, search for “XMR”, and select the XMR/USDT pair.
Make the purchase – Choose a market order (immediate purchase) or limit order (fixed price), indicate the quantity, and validate.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
Get 6200 USDT with Bitget ! 🔥
Don't miss out on this offer !
Create your account now to unlock this exclusive reward