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Monero (XMR) has rebounded sharply, rising 30.51% since it set a local low of $313.32 on Friday, April 3. The move comes as other privacy-focused tokens also gained momentum, with ZCash (ZEC) and Dash (DASH) up about 30% over the past week, according to CoinMarketCap.
Like ZCash, Monero experienced a blow-off top in recent months followed by a deep retracement in February. Both tokens have since broken above prior local highs and were working toward recovery.
Some traders expected gains in ZEC and DASH to rotate into XMR, potentially supporting a more aggressive price surge. For now, the article advises traders to avoid FOMO, while noting that a buying opportunity may be emerging.
After falling below the 78.6% Fibonacci retracement level during the February crash, Monero has climbed higher. The article links the improvement in sentiment to bullish momentum in Bitcoin (BTC), along with “market disbelief and profit-taking,” which it says may have supported altcoin sentiment as well.
In terms of scale, the Monero rally has been described as comparable to BTC’s since February. However, the higher-timeframe swing structure for Monero was bullish, while it was bearish for the market leader.
A key development was Monero’s breach of the local high at $382.12 on Tuesday, April 21. The article says buyers then flipped that level into support toward the end of April, helping sustain the upward move.
On momentum indicators, the article reports that the RSI on the 3-day chart was about to climb past 60 to signal stronger upward momentum. It also cites the CMF at +0.09, indicating steady capital inflows.
The article points to a bullish structure on the 4-hour chart, noting that bullish structure breaks are marked in green. Using Fibonacci levels for the latest bullish move, it identifies $417 and $435 as the next short-term price targets.
Looking ahead, the article suggests Monero could reach $500 and potentially $799—its all-time high—if demand remains sustained and a narrative boost returns later in 2026.
