Monero Price Prediction: Can XMR Clear $625 as Its Triangle Nears a Breakout?
Monero price prediction for this week stays bullish above $517, the level $XMR needs to hold inside its narrowing triangle pattern.
Monero Price Analysis: Can $XMR Break Out of Its Narrowing Triangle?
$XMR trades near $556, up 1.35% today, pressing against the lower trendline of a narrowing triangle that has contained price since the August low near $340. The triangle’s upper line runs down from the September high near $625, and the two lines are converging toward a resolution point in the next few weeks.
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Price sits above the 20-day EMA at $541.70 and the 50-day at $517.22, both of which have supported recent pullbacks. The 100-day at $473.48 and 200-day at $430.18 sit further below, both still rising. RSI at 55.88 is above its moving average at 52.34, both in neutral territory, after cooling from an overbought reading above 80 in early September. A close back above today’s intraday high near $557 would test the triangle’s upper boundary next.
$XMR Support and Resistance Levels for This Week
$XMR News: KuCoin Pauses Monero Deposits and Withdrawals
KuCoin suspended Monero deposits and withdrawals on October 10 for wallet maintenance, according to the exchange’s own announcement.
The notice doesn’t describe a delisting or a pause on spot trading, and no reopening notice had been found as of this writing, so the current status should be checked directly before assuming transfers remain unavailable.
$XMR News: Trader Peter Brandt Calls Monero His Favorite Chart
Trader Peter Brandt, writing as The Factor Report last week, compared several large-cap charts and said Monero stood out because its supply overhang has been absorbed, unlike $XRP, which he said still carries heavy resistance from past buyers.
He called $XMR his favorite among the charts he reviewed, adding he doesn’t know or need to know Monero’s fundamental narrative, since his analysis is based on price action alone.
Monero Derivatives: Short Sellers Lose the Most as Volume Jumps 16%
Trading volume rose 16.23% to $120.88 million over the past day, and open interest climbed 1.92% to $226.06 million, so traders are opening fresh positions rather than just rotating old ones.
Over the past 24 hours, $21.43K in short bets got liquidated against $16.49K in longs, and in the last hour it was short positions only, $2.57K wiped out, none on the long side. On Binance, most individual accounts are still positioned against $XMR, 0.657 longs for every short, but Binance’s largest traders by position size are net long at 1.285, suggesting bigger money is leaning bullish while smaller traders stay cautious.
Monero Price Prediction: Can $XMR Reach $625 or Fall to $473?
Bullish Case, Target: $625
$XMR holds the 20-day EMA at $541.70 and closes a day above $557, the triangle’s current resistance test. That would open the path toward the triangle’s upper boundary near $600 to $625, with relative strength against the broader market adding to the case.
Bearish Case, Risk Level: $473 (100-Day EMA)
$XMR loses the 50-day EMA at $517.22, breaking the triangle’s lower support. A close below that level would put the 100-day EMA at $473.48 in play, and continued broad market weakness would add pressure to that scenario.
What is the Monero price prediction for this week?
Monero ($XMR) could extend toward $600 and then $625 if it holds above $517. A close below the 100-day EMA at $473.48 would signal the triangle has broken to the downside.
Why is Monero outperforming the broader crypto market?
$XMR fell about 1% over the past week while the broader crypto market dropped roughly 3.4%, according to CoinGecko data from October 14. No single catalyst has been confirmed for the relative strength.
Can I still deposit or withdraw $XMR on KuCoin?
KuCoin suspended Monero deposits and withdrawals on October 10 for wallet maintenance. No reopening notice had been confirmed as of this writing, so check KuCoin’s status directly before assuming transfers are available again.
Is Monero connected to the $NEAR Intents hack?
Monero wasn’t exploited. $NEAR Intents said the attacker behind its October 1 exploit returned part of the stolen funds in Bitcoin and part in Monero, which the team is now working to convert, according to an Unchained interview.
