Monero Bulls Sprint Toward a New ATH-Is This Real? 😂

by

XMR, like a shy sun in late winter, rose 7.18% in the last twenty-four hours, and Open Interest climbed 25%, as if the market were clinking champagne flutes at a quiet victory parade 🥂.

This breathes a tentative bullish mood for the short term, but the late hours of Sunday and the dawn of Monday could whip Bitcoin and the wider crypto sea into froth. Imagine forecasts scratched on a cafe window, then washed away by a sudden gust-sarcasm optional, but highly likely. 😏

With that in mind, short-term traders might ease back a touch. Swing traders can hold a bullish bias but may wait for Monday’s trading clues before stepping into the dance. 💃🕺

Here’s why Monero is set to climb to new all-time highs

In mid-December, AMBCrypto warned of a price dip below $400. The dip did not arrive-nature, it seems, prefers drama. According to the CMF, buying pressure on the 1-day chart has been neutral, like a thoughtful librarian shelving rumors.

The MACD and the moving averages have captured a stubborn bullish momentum, especially since the start of January, as if the market woke up with a lyrical sigh and decided to hum higher. 🎵

The $517.6 all-time high remains a horizon, and new ATHs look likely for Monero, because sometimes poetry trumps arithmetic.

Should XMR bulls be worried?

The weekend volatility and a Bitcoin downturn could unsettle some XMR traders over the next 24 hours. Yet the privacy narrative roars louder than a crowded elevator, and the crowd keeps whispering for more. 🔒

XMR has demand, and any price dips should halt at the $470 demand zone. If not, well, the chorus will just rewrite the chorus. 🤖

Traders’ call to action- Time to buy XMR

The 1-hour chart showed that the 23.6% Fibonacci extension level at $480 served as support in recent hours of trading and led to an uptick in price. The technical indicators were also firmly bullish, like a streetlight that finally agrees with the night.

Traders should be wary of the $490-$500 local high, which has been a supply zone in the past month-a reminder that even good vibes have price tags. 💡

Another report underlined the $460-$470 as being a key short-term supply zone. On Saturday, the 10th of January, this area was flipped from supply to demand. It further bolstered the short-term bullish view of Monero, because sometimes the world loves a comeback more than a plot twist in a bathrobe.

Final Thoughts

  • The Monero price action has been bullish recently, and the privacy token could make new all-time highs soon.
  • Traders should beware of weekend volatility, but the $460-$480 area is a key demand zone that buyers were likely to defend.

Read More

2026-01-12 04:12