Monero flips KEY support – Can XMR retest its $517 ATH?

ambcryptoPubblicato 2026-01-09Pubblicato ultima volta 2026-01-09

Introduzione

Monero (XMR) has gained 4.2% in 24 hours and 11% over the past week, potentially benefiting from the fallout between ZCash and the Electronic Coin Company, which caused ZEC to drop 20% in a day. This may have driven capital toward XMR, pushing it closer to its all-time high of $517. XMR recently flipped the $420 resistance into support and is eyeing Fibonacci extension targets at $480 and $577. Despite a temporary rejection at $480, technical indicators like RSI and OBV remain bullish on the 3-day chart, suggesting continued upward momentum. While a bearish reversal is possible, it is less likely in the short term, especially with Bitcoin potentially rallying toward $96k–$100k and altcoins gaining relative strength. The 4-hour chart indicates that the $460–$470 zone may soon become support, offering long opportunities targeting $517 and $577. Overall, Monero's steady gains since August and its regained status as the leading privacy coin by market cap suggest the uptrend may continue, possibly leading to new all-time highs despite broader market fear.

Monero [XMR] was up 4.2% in 24 hours and 11% in a week. The privacy coin sector has taken a hit in the past week.

The fallout between ZCash [ZEC] and the Electronic Coin Company (EEC) sparked an immediate market reaction. ZEC dropped nearly 20% in a single day before rebounding shortly afterward.

This could have led to greater capital flows into Monero, another leading privacy coin. It was pushing toward its all-time high at $517, aided by the ZEC fallout and the relative strength in the altcoin sector in January.

Monero to challenge a local resistance once more

On the 3-day timeframe, Monero had been opposed by the $420 resistance since November. This level was a swing high from May 2025. Recent price action saw this area flipped to support, presenting swing traders with a buying opportunity.

The impulse move from $165 to $420 earlier in the year was used to plot a set of Fibonacci extension levels. It showed that $480 and $577 were the next extension targets.

The $480 level has temporarily rejected XMR bulls, but will likely be challenged again.

The technical indicators on the 3-day timeframe remained bullish. The RSI showed strong upward momentum, and the OBV maintained its uptrend to indicate sustained buying pressure.

The possibility of a bearish reversal

While possible, it is the less likely outcome in the short-term, meaning within the next month. Bitcoin [BTC] has a chance to go towards $96k and possibly beyond $100k as part of a relief rally in the coming weeks.

Bitcoin Dominance has been falling recently to show increased altcoin gains compared to Bitcoin. Additionally, the higher timeframe trend of Monero is bullish, and it has retaken its spot as the leading privacy coin by market capitalization.

Why traders should stay bullish!

The 4-hour chart showed that the $460-$470 area was a local supply zone. Given the bullish momentum and swing structure on this timeframe, it seems only a matter of time before this resistance is flipped to support.

Once it is, traders can look to go long, targeting the $517 and $577 levels to the north to take profits at.


Final Thoughts

  • The Monero price gains have been steady since August, and the uptrend is expected to continue.
  • The privacy token could set new all-time highs soon, even though the overall market sentiment remained fearful.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Crypto di tendenza

Domande pertinenti

QWhat is the main reason mentioned for the recent capital flows into Monero (XMR)?

AThe fallout between ZCash (ZEC) and the Electronic Coin Company (EEC) sparked a market reaction, which could have led to greater capital flows into Monero as another leading privacy coin.

QWhat key resistance level did Monero flip to support on the 3-day timeframe?

AMonero flipped the $420 resistance level to support, which was a swing high from May 2025.

QAccording to the Fibonacci extension levels, what are the next price targets for XMR mentioned in the article?

AThe next Fibonacci extension targets for XMR are $480 and $577.

QWhat does the article suggest about the overall market sentiment, despite Monero's potential to set new all-time highs?

AThe article states that the overall market sentiment remained fearful, even though the privacy token could set new all-time highs soon.

QOn the 4-hour chart, which price area is identified as a local supply zone that is expected to be flipped to support?

AThe $460-$470 area is identified as a local supply zone on the 4-hour chart, which is expected to be flipped to support given the bullish momentum.

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