- XMR confirmed $330–$340 support, hence triggering a 40%+ rally above $422 and sustained a weekly breakout.
- Daily volume rose to 203,000 XMR, while MACD and RSI indicate strong momentum, showing possible overbought conditions.
- Key resistance lies at $475–$500, with higher highs and higher lows indicating a continued trend since mid-2024.
Monero (XMR) has continued to gain momentum following a sharp breakout that pushed prices above major resistance areas.
According to analyst Rekt Capital, the cryptocurrency has confirmed a retest of its previous resistance range near $330–$340 as new support, which triggers a rally of more than 40% beyond $422. This positioned Monero firmly within a renewed upward trend, with traders now monitoring the next resistance zone near $500.
Sustained Weekly Breakout Above Resistance
Monero’s price action over the past weeks shows a decisive shift from consolidation to expansion. On the weekly timeframe, XMR/USDT advanced strongly above the $422 region, closing at approximately $448.50.
The breakout candle followed a retest of the mid-level support area around $330, showing a long-term resistance zone. This move validated the breakout structure and confirmed the strength of the buyer.
Notably, the cryptocurrency’s long-term formation shows two higher low points resembling a reversal base. These levels, identified by orange markers, show how the price transitioned from a downtrend to an uptrend. The data also reveal that the $286.72 line served as intermediate resistance in earlier cycles, which works as a structural midpoint within the new bullish setup.
Expanding Volume and Momentum Indicators
The trading sessions showed a significant surge in daily volume, exceeding 203,000 XMR, hence supporting the strength of this upward move.
The MACD indicator widened its bullish spread, with values at 18.15 and 11.72, while the histogram at 6.44 confirms the rising market momentum. The RSI has reached 78.51, indicating strong buying activity, though it remains in overbought conditions.
On the daily structure, Monero trades at approximately $430.08, after gaining 17.71% in 24 hours. The session ranged from $365.00 $471.22, emphasizing the volatility in current price action. Immediate support rests between $370–$380, while deeper support aligns near $340.
Key Levels and Broader Technical Outlook
Across the weekly and daily setups, resistance remains in a defined range $475–$500, the same region that showed previous market highs in 2018 and 2021.
A Sustained close above $400–$410 would reinforce the ongoing breakout, whereas a short-term pullback toward $350–$370 could serve as a structural retest.
Monero is now in a decisive expansion phase, having shifted from a multi-year accumulation of around $150 and $350. The current setup shows higher highs and higher lows forming since mid-2024, with volume strength supporting the broader bullish structure.
