The post Monero Price Hits Fresh ATH: Is the XMR Price Rally Still Young? appeared first on Coinpedia Fintech News
Monero (XMR), the flagship privacy coin has surged to a fresh all-time high, gaining strong bullish momentum as investors rotate capital into privacy-focused assets.
As uncertainty deepens around rival privacy-focused projects-particularly following key developers exit in Zcash, market attention has swiftly rotated toward Monero.
Following the capital rotation into XMR, Monero price posted fresh highs and eyes for another bullish leg up.
Monero Price Flips Key Resistance as Bulls Tighten Control
With the start of 2026, Monero (XMR) has erupted into the spotlight. Monero (XMR) fresh all-time-high marks a decisive shift in market control, pushing XMR price firmly into price discovery. XMR’s breakout has shifted the market into a clear trend-expansion phase.
Following the ATH, a major supply barrier was cleared, which could push XMR to further higher zones.
As Monero price entered the discovery phase, the price action has stabilized at higher levels. On the weekly charts, XMR price has shown a rounding bottom pattern breakout and flipped the $430 hurdle into a demand area now.
At press time, Monero (XMR) price is trading at $640, noting an intraday rise of over 13.20%, with a 44% surge in trading volume. Its market cap rose to $11.8 Billion.
Looking at the chart, XMR price has surpassed the upper edge of the channel and skyrocketed past the $600 psychological hurdle.
Per the Fibonacci levels, Monero price may reach $655 followed by $690 in the near sessions. While the major targets were around $870-$1020 which may be seen in the near weeks.
Beyond momentum and rotation, Monero’s fundamentals remain bullish, enduring developer activity, continuous mining emissions and real user demand.
A recent post on X by AltCryptoTalk highlighted that XMR has showcased a decisive bounce from the $420 support zone and delivered an explosive 45% rally
Monero price has broken out of a long accumulation phase and is now trading within an ascending channel. According to the analyst, as long as bulls remain in control, the uptrend continuation is likely. XMR price may hit $700, the upper wedge resistance trajectory.
What Bulls Should Watch Next
Amidst the sharp price breakout, the bullish thesis remains intact as long as Monero maintains support above $600. While broader bias remains bullish, XMR may continue to outperform as it stands as one of the top privacy coins to watch as 2026 unfolds.
As Monero price goes into uncharted territory, the mighty bulls may push XMR toward $700 soon. In case of profit booking at highs, XMR price may retrace toward $620 followed by $600 ahead.
Source: https://coinpedia.org/price-analysis/monero-price-hits-fresh-ath-is-the-xmr-price-rally-still-young/
