Monero Skyrockets Past Key Resistance, Rides the Zcash Wave to $470!

Monero (XMR) has just broken its most important resistance at 428 and reached 470 which is the highest price of the coin since May 2021. The breakout represents a 365 percent improvement over its 2024 low, and it is a good indication of a solid bullish trend. The reversal nullifies the previous bearish trend in the form of a double-top and indicates strong buying power.

The emergence of Monero is after the skyrocketing of Zcash. Zcash (ZEC) surged 11.53% in 24 hours to rise below $50 in October 2025 to above $600. It has a market capital of 10.5 billion dollars that has grown its huge need of privacy-oriented tokens. Decred and Dash coins among others also posted triple figure gains, which shows the privacy coins are back in the limelight.

Bullish confidence in Futures Market

Monero open interest in futures increased by a large margin of 10 million dollars to 68 million dollars indicating the existence of growing speculative activity. Short interest amounted to 1.9 million dollars and funding rates were at a peak monthly, a sure indicator of bullishness. Analysts believe the momentum would be even greater unless Binance and Coinbase did not delist Monero under the pressure of regulations.

According to TradingView charts, Monero has been on the upward trend since February at the price of $101.35 to hit its high point of $470 in November. The token is over the 50 and 100 EMAs which indicate that there is a bullish control. Strengthening Bollinger Bands indicate aggressive waves of impulse, Fibonacci levels indicate that there may be a shift to $500.

Monero Community Reactions Optimism.

Users of cryptos rejoiced with the surge. One of the posts was, It is amazing that Monero is overcoming this resistance! This would pave way to further crypto profits. Analysts are unanimous – the Monero explosion may trigger a domino effect among all other altcoins.

Nevertheless, Monero experiences an exchange limitation despite the hype because of its privacy aspects. The success of Zcash may however encourage the exchanges to rethink relisting privacy coins. Market analysts are optimistic of additional returns in case Monero will be reintroduced in the big markets.

The emergence of Monero is a positive indication of the privacy coins of the 2025 bull market. The next target that is watched by analysts is the 500 mark. However, investors must remain cautious, a decline to under $375 might terminate the bullish period.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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