Monero presents traders with a buying opportunity as XMR bulls eye ATH

ambcryptoPublished on 2026-01-12Last updated on 2026-01-12

Abstract

Monero (XMR) has surged 7.18% in the past 24 hours, accompanied by a 25% increase in Open Interest, signaling strong bullish sentiment. However, traders are cautioned about potential weekend and early Monday volatility, especially in Bitcoin, which could impact the broader crypto market. Short-term traders are advised to reduce exposure, while swing traders may wait for Monday's trading cues before entering. Technical analysis indicates strong bullish momentum since January, with the $517.6 all-time high (ATH) as the next target. The $460-$480 zone has flipped from supply to demand, now acting as a key support area. The 23.6% Fibonacci level at $480 recently provided support, reinforcing the upward trend. Despite potential short-term dips due to market volatility, the privacy narrative remains strong, and any declines are expected to hold above the $470 demand zone. Traders should monitor the $490-$500 resistance level, which has historically been a supply zone. Overall, XMR appears poised for new ATHs, but caution is advised due to near-term market risks.

Monero [XMR] was up 7.18% in the past 24 hours and also witnessed a 25% increase in Open Interest.

This pointed to strongly bullish short-term sentiment, but traders should remember that the late hours of Sunday/early Monday could bring high volatility to Bitcoin [BTC] and the wider crypto market.

With that in mind, short-term traders should consider reducing exposure. Swing traders can have a bullish bias but can also wait for Monday’s trading to give clues about the next move before looking to enter the market.

Here’s why Monero is set to climb to new all-time highs

In mid-December, AMBCrypto highlighted the potential for a price dip below $400. Such a dip did not come. According to the CMF, the buying pressure has been neutral on the 1-day chart.

The MACD and the moving averages captured the strong bullish momentum, especially since the start of January.

The $517.6 all-time high remains the target now, and new ATHs look likely for Monero.

Should XMR bulls be worried?

The weekend volatility and a Bitcoin downturn could upset some XMR traders over the next 24 hours. The evidence at hand shows that the privacy narrative was going strong.

XMR has demand, and any price dips should halt at the $470 demand zone.

Traders’ call to action- Time to buy XMR

The 1-hour chart showed that the 23.6% Fibonacci extension level at $480 served as support in recent hours of trading and led to an uptick in price. The technical indicators were also firmly bullish.

Traders should be wary of the $490-$500 local high, which has been a supply zone in the past month.

Another report underlined the $460-$470 as being a key short-term supply zone. On Saturday, the 10th of January, this area was flipped from supply to demand. It further bolstered the short-term bullish view of Monero.

Final Thoughts

  • The Monero price action has been bullish recently, and the privacy token could make new all-time highs soon.
  • Traders should beware of weekend volatility, but the $460-$480 area is a key demand zone that buyers were likely to defend.

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

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Related Questions

QWhat is the recent price performance of Monero (XMR) and what does the increase in Open Interest indicate?

AMonero was up 7.18% in the past 24 hours and witnessed a 25% increase in Open Interest, which points to strongly bullish short-term sentiment.

QWhat is the primary target price level for Monero's bullish movement according to the article?

AThe primary target is the $517.6 all-time high, with new all-time highs looking likely for Monero.

QWhat key demand zone should buyers defend in case of a price dip, according to the analysis?

AThe $460-$480 area is identified as a key demand zone that buyers are likely to defend.

QWhy should short-term traders be cautious in the immediate future?

AShort-term traders should be cautious because the late hours of Sunday/early Monday could bring high volatility to Bitcoin and the wider crypto market, potentially upsetting XMR's price action.

QWhat technical indicator on the 1-hour chart recently served as support for XMR's price?

AThe 23.6% Fibonacci extension level at $480 served as support in recent hours of trading and led to an uptick in price.

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