2026-1-12 22:30 |
When you zoom out and look at what Monero has been doing lately, the picture becomes pretty clear.
The XMR price has been trending higher overall, but instead of ripping upward, it’s been compressing into a tighter range. That compression has formed a clean ascending triangle, which usually shows buyers stepping in more confidently while sellers keep defending the same level.
Trader Ardi points out that Monero is now printing a higher low while continuing to push into the $460 area. That level has rejected the price several times already, so it’s not surprising the market is slowing down here.
What matters is that each pullback is getting smaller. Buyers are clearly showing up earlier than before, and that usually means pressure is building.
Why the $460 Level Is So Important for XMRThe $460 zone isn’t just another number on the chart. It lines up with previous highs and has acted as a wall every time price has tested it. Right now, the XMR price is pressing right up against that resistance while still respecting the rising trendline underneath.
That combination is key. As long as the price keeps holding those higher lows, the setup stays intact. What traders want to see next is acceptance above $460, not just a quick wick or short-lived push.
A real breakout means holding above that level and flipping it into support. Until that happens, Monero remains in a coiling phase rather than a confirmed breakout.
What the XMR Chart Is Telling Us Right NowFrom a structure point of view, this is exactly how strong setups tend to behave before a bigger move.
Instead of selling off hard after rejection, the XMR price keeps coming back to resistance with less downside each time. That usually means sellers are slowly getting absorbed.
Source: X/@ArdiNSCThe higher low on the chart supports that idea. It shows buyers are defending price more aggressively, even though resistance is still holding.
This kind of price action can feel slow and frustrating, which Ardi also mentions, but it often does a good job of shaking out impatient traders before the move actually happens.
Read Also: Bittensor (TAO) Price Tests a Key Level That Could Change the Trend
What Comes Next for XMR?However, if the XMR price can manage to break past the level of $460 and sustain it, the ascending pattern would be resolved. The next level in such a case would be the area of $500, with a further move towards the 2021 high of $522.
If the price fails to hold the rising trendline, the breakout idea gets delayed. A dip toward the low $420s or high $400s wouldn’t break the structure on its own, but it would stretch out the consolidation and test buyer confidence again.
For now, the setup is still very much alive. The XMR price isn’t breaking down, downside is being defended, and pressure continues to build. This is one of those charts where patience usually matters more than speed, and that’s often when Monero tends to surprise people.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Why is Monero (XMR) Price Up? appeared first on CaptainAltcoin.
origin »ETH/LINK Price Action Candlestick Set (LINKETHPA) íà Currencies.ru
|
