XMR has recently surged strongly, with technical indicators signaling a buy opportunity

RumbleValidator · 2026-01-12T01:20:09+00:00

Recently, Monero (XMR) performed well, with a 24-hour increase of 7.18%, and open interest increased by 25%, indicating rising market popularity. Technical indicators are strong, with a target price of a new all-time high of $517.6. Attention should be paid to the support zone of $460-$480; holding steady at $470 could lead to a rebound.

RumbleValidator

2026-01-12 01:20:09

Abstract generation in progress

【Crypto World】 Recently, Monero (XMR) has been performing quite well. The 24-hour increase reached 7.18%, and the open interest in contracts has surged by 25%, indicating that market enthusiasm is indeed heating up. From a technical perspective, indicators like MACD are showing strong momentum.

The current target price aligns with the all-time high of $517.6. However, traders should not get too excited, as weekend volatility poses significant risks. The key demand zone to watch is $460-$480—if a pullback occurs, $470 is likely to serve as a solid support. If this level holds, there is still room for a rebound.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
7
Repost
Share

Comment

0/400

0xDreamChaser

· 8h ago

Excited about just 7 percentage points? Let's wait until it drops back to 470 before talking. This wave's risk can't be hidden at all. --- XMR has surged again, and the whispers of contract liquidations are still ringing in my ears. Will it drop again over the weekend? --- A strong technical outlook guarantees stability? Come on, I can't believe in the 470 support level. --- $517 is too far away. I'm just watching whether 470 can hold. Breaking it would be the real problem. --- Contract volume skyrocketing? Haha, retail investors are definitely trapped and can't escape... --- This rally is a bit fierce. I have a feeling there will be a pullback on Sunday. --- Still looking at MACD? It's been played out by institutions long ago. The true test is at 470.

View OriginalReply0

GasGasGasBro

· 21h ago

Haha, a 7% increase is starting to tempt people again. Let's see how the weekend plays out. Can we really hold the $470 level? I'm a bit skeptical. Open interest has surged by 25%, this feels a bit intense... The prosperity built on leverage. The signals look good, but I trust the market itself more. Don't be fooled by MACD. If Monero can really hit 517, I'll eat my hat. Feels like someone is telling a story. Wait for a pullback to re-enter. Such a strong increase, I always feel like someone is selling off. Be cautious.

View OriginalReply0

FortuneTeller42

· 01-12 01:49

470 can't hold, I'll cut it. Not betting this time.

View OriginalReply0

SandwichDetector

· 01-12 01:48

7% increase isn't much; a surge in contract volume is the real signal. Holding the $470 level is crucial, or else it'll just fall back into obscurity. XMR has been playing heartbeat; will it drop again over the weekend? Forget it, I'll just hold my coins and sleep. The target price of 517 sounds nice, but don't be fooled; reaching 480 would already be good. Monero is just a headache; when it rises, I dare not chase, and when it falls, I'm afraid of cutting losses.

View OriginalReply0

GateUser-6bc33122