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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Is AVAX at a Macro Bottom? 2,400% Upside Scenario Explained
_AVAX forms weekly Elliott Wave structure after 95% drop, with targets at $33, $58, $97, and $147 if $5.50 support holds._
Avalanche (AVAX) is trading inside a multi-year descending channel that began after its 2021 all-time high.
A recent technical analysis shared by CryptoPatel outlines a
LiveBTCNewsJust Now
Don't guess randomly when bottoming out Bitcoin! "This indicator" has accurately identified the bottom of previous bear markets.
The article discusses the "bottom-fishing" strategy in the cryptocurrency market and introduces an on-chain indicator called "Bitcoin Profit and Loss Supply," which can help investors identify market bottoms. When the supply of profitable and loss-making Bitcoins approaches balance, it typically signals the formation of a bear market bottom. Currently, data shows that these two are converging, and historical crossovers have accurately predicted market rebounds multiple times.
区块客45m ago
Cardano Faces Resistance as ADA Price Drops Below $0.26
Key Insights:
Cardano’s price struggles as it drops below $0.26, maintaining a bearish outlook as moving averages turn into resistance.
Open interest in Cardano rises slightly, indicating traders are rebuilding positions at lower levels amid declining market participation.
Continued
CryptoNewsLand1h ago
Pompliano reminds investors: Bitcoin's value test is approaching. Can cooling inflation support holding positions?
February 14 News, Bitcoin entrepreneur Anthony Pompliano recently stated that as inflation data recedes, Bitcoin investors face the challenge of reassessing their reasons for holding. Pompliano pointed out on Fox Business that the value of Bitcoin lies in its limited supply, and when governments increase money issuance, Bitcoin prices tend to rise. He believes that, like gold, Bitcoin is a preferred long-term investment asset, but during periods of weakening inflation, investors may need to consider their holdings more cautiously.
According to data from the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) in January decreased from 2.7% in December to 2.4%. Moody’s Chief Economist Mark Zandi warned that headline inflation data might be lower than actual experience, implying that market demand for inflation-hedging assets like Bitcoin could be affected in the short term. Pompliano stated that the macroeconomic environment will continue to influence Bitcoin price fluctuations, which he calls the “currency slingshot effect”—the short-term deflation masking the dollar’s devaluation trend, leading investors to pay more attention to Bitcoin’s value preservation function in the future.
GateNewsBot2h ago
Say goodbye to the digital gold myth. When will Bitcoin recover along with software stocks?
Bloomberg analysts point out that Bitcoin is gradually no longer viewed as "digital gold," but rather more like high-volatility software stocks. Analysis shows that Bitcoin's price movements differ from gold, and its volatility far exceeds that of gold. As capital flows back into software stocks, Bitcoin has experienced outflows. The future trend will still depend on market sentiment and liquidity.
ChainNewsAbmedia2h ago
