Monero Technical Momentum Is Heating Up
The charts are finally starting to look compelling. Monero just broke above the key $330 level on October 8, and that breakout reversed its 200-day moving average (around $290) to serve as support, and this now appears to be starting a new bull cycle.
Momentum indicators back that up too. The MACD is showing strong upward pressure, and the RSI at 64 means there’s still plenty of room before things start looking overheated.
If Monero price can close above $344, that’s when things could get really interesting. It would likely trigger algorithmic buying and push the price toward the next big zones at $362 to $388. For now, it’s showing a textbook setup for a clean breakout.
Part of this push also seems to be coming from short liquidations. There’s a cluster of short positions sitting between $343 and $350, which means any move above that level could force traders to buy back, creating a fast squeeze higher.
The 24‑hour trading volume has already hit $255 million, suggesting some serious money is flowing back into XMR.
Over the past month, the Monero price is up more than 23%, which hints that accumulation started well before this rally. And with few sell walls showing up until the mid‑$350 range, there’s not much standing in the way if momentum continues.
Privacy Coins Back in Focus
Privacy coins are back in the conversation again. India’s new CBDC announcement this week raised fresh concerns about surveillance and financial control, and at the same time, Zcash’s 35% breakout reminded everyone that privacy assets can still move fast when sentiment shifts.
Monero remains the go-to name in that space; it’s the oldest, most trusted, and still the most decentralized privacy coin out there.
Sure, there are long‑term challenges, like the EU’s 2027 privacy coin ban, but right now, the market’s more focused on opportunity than regulation.
What Happens Next for Monero
If Monero price can hold its ground over $330 and break through $344, it can certainly take the path Zcash just cleared for it, so a dash to $400 is not impossible in the short term.
So far, the trend is evident: investors are once again discovering the charm of privacy coins, and Monero is set to be at the forefront of that again. The only thing left to be found is whether it can spark that into a full‑blown rally.