February 13 News, Monero (XMR) has shown clear signs of rebound after a deep correction. Over the past week, XMR’s price has increased by nearly 15%, reaching as high as $350, and is currently consolidating around $334. Technical indicators show that Monero is approaching a bullish MACD crossover, combined with a breakout signal, prompting the market to reassess its upward potential.
From the daily chart, the MACD line is approaching the signal line from below. Once a golden cross is confirmed, it often indicates that bullish momentum is regaining dominance. At the same time, the price has broken through the previous descending wedge pattern, which in history is often seen as a sign of trend reversal. The convergence of technical signals suggests a positive short-term outlook for Monero.
The key resistance level is around $375, which is a critical pivot zone for the Murray line. If this level is effectively broken, market sentiment could further strengthen, with the next potential target zone at $625, considered a strong reversal zone above. If the bulls continue their push, retesting the January high of $788 is also highly likely.
On the demand side, support is also evident. Data from crypto.news shows that Monero remained relatively stable after hitting a weekly high on February 12. Recently, global discussions on privacy protection have intensified, becoming an important reason for renewed attention to XMR. As the EU plans to impose stricter restrictions on anonymous accounts and privacy coins by 2027, and Dubai’s regulatory environment tightens simultaneously, some users are turning to Monero to maintain transaction privacy.
TRM Labs’ recent report indicates that about 48% of emerging dark web markets only support Monero, reflecting its unique position in the privacy payment space. Although this phenomenon is controversial, it objectively boosts on-chain demand for XMR.
Looking back at the trend, Monero’s market cap is currently about $6.1 billion. In mid-January, XMR rapidly surged to $788.50, then declined to a low of $284 amid the overall market correction. Chain liquidations triggered by Bitcoin falling below $75,000 also intensified volatility in the privacy coin sector.
Although the total market cap of privacy coins remains low, major projects including Monero, Zcash (ZEC), and Decred (DCR) have recently shown signs of recovery. With technical improvements and a rising risk-averse narrative, XMR is once again regaining a central position in market attention.
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