Monero At Critical Crossroads – Privacy Coin Tests $239 Support After Rejection

BlockChainReporter
ETH-0,9%

Monero (XMR) is at a pivotal moment following an impressive surge of over 120% in 2025. Market analyst Ali Charts posted this bi-weekly chart showing the price of the privacy coin testing long-standing resistance with rejection sending prices tumbling to $239, or even $101 if support fails. It will be decided over the next few weeks whether XMR will finally manage to break out or undergo another dramatic correction.

Multi-Year Resistance Creates Critical Battle Zone

Monero has been facing the same resistance area since 2017, so the $450-$476 range serves as an impregnable cap on the currency for almost 7 years. The privacy coin recently reached a peak of $497 in late 2025, which was the highest level since May 2021, but was immediately knocked out by this formidable barrier.

The current price action has been a fierce battle right at what analysts call the “Range Ceiling” level of $476.34. The bi-weekly chart shows the rejection plays out in real-time with the price pulling back after piercing above the resistance zone (albeit briefly).

Despite the rejection, there are still several technical indicators that point out the fact that bullish momentum is intact. The Relative Strength Index on the daily chart is at 69, which is close to overbought levels while the MACD showed a bullish crossover. Monero currently trades above the key moving averages with both the 50-days and 200-day moving averages trending towards the positive.

Privacy Narrative 2025 Momentum Driving

What is notable about Monero’s performance 2025 is the underlying tailwinds for Monero’s rally. The privacy coin has benefited from major catalysts that have boosted its market position.

The successful implementation of the Cuprate node implementation, which is written in Rust, made a revolution in network efficiency. Cuprate cut the time taken to sync the entire data for the first time by almost 7.5 times, and enabled verification of the entire data on consumer hardware in less than 16 hours.

As centralized exchanges removed privacy assets, the Monero community introduced atomic swap applications that allow trading transactions between Monero and Ethereum-based assets without any trust. This was a strategic move to neutralize the impact of exchange delistings by ensuring that the liquidity was always high given decentralization of the channels.

Institutional research started showing that the privacy coin is among the favorite stories for the next cycle. Monero’s privacy features are ring signatures, stealth addresses and Ring Confidential Transactions that guarantee transaction details are untraceable.

Critical Support Levels and Downside Targets

If Monero does not regain the $476 resistance zone, technical analysts have marked a series of important support levels. The most immediate support sits at $413, which corresponds to the 61.8% Fibonacci retracement level that held during the December pullback.

A drop beneath $413 would pave the way to the $320 horizontal support zone, a crucial level that has played a significant role throughout 2025. What’s even more alarming is the total breakdown of multi-year resistance, with prices pulling back to $239 as highlighted by the technical roadmap.

In a worst-case scenario, if the $239 level is broken, then the chart analysis indicates a possible decline to $101. Such a move would be a devastating 75% down from recent highs and an attempted break-out would likely fail.

Conclusion

Monero’s at a pivotal moment after rejection from seven years of resistance at $476. While the technical indicators offer mixed signals, the privacy coin needs vital support of $239 to prevent a deeper adjustment towards $101. With privacy narratives getting institutional attention, Cuprate increasing the efficacy of the network, the next few weeks will see if XMR breaks through or consolidates.

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

Crypto Jack Warns Bitcoin May Drop to $48K Amid Geopolitical Tensions

Crypto trader Crypto Jack warns investors to sell Bitcoin, predicting a decline to $48,000 amidst US-Iran tensions and negative financial signals, before a potential recovery in May based on seasonal trends.

CryptoFrontier3m ago

Bitcoin’s fourth halving rally is slowing down, analysts say: BTC may have entered a “new normal”

Investment firm Galaxy analyst Alex Thorn noted that Bitcoin’s advance during this halving cycle has been lower than historical records, with volatility declining, and the market may be entering a new normal. Compared with the past three halvings, the fourth time’s price change is no longer significant. While the passage of U.S. spot ETFs has catalyzed the rally, the market’s ongoing conditions still need to be watched closely.

ChainNewsAbmedia21m ago

ETH jumps 1.22% in 15 minutes: DeFi segment activity and trading volume surge resonate to drive the move

2026-04-20 07:15 to 07:30 (UTC), ETH’s short-term return reached +1.22%. The price range spanned from 2285.19 to 2332.62 USDT, with a 2.07% amplitude. During this period, market attention heated up, volatility noticeably intensified. On-chain transaction volume rose in tandem, and key mainstream on-chain activity indicators expanded significantly on a month-over-month basis. The primary driver of this deviation was an increase in transaction activity related to DeFi protocols, which boosted the share of on-chain Gas consumption. At the same time, total on-chain transaction volume saw a sharp surge in a short time. DeFi scenarios such as decentralized exchanges and lending protocols led to a direct surge in demand for ETH, driving funds to flow quickly into the market. In addition, the average Gas fees and Gas prices on the ETH network continued to climb in this window, further validating that high-frequency trading and active capital were accelerating into the market and strengthening short-term bullish sentiment. Second, on-chain data also showed an expansion in liquidity related to stablecoins and ERC20 assets, strengthening market buy-side power. Although historical large-wallets such as Wilcke still held a large amount of ETH after early March, this cycle did not trigger abnormal transfers or large-scale sell-offs. Meanwhile, the positioning structure of mainstream ETH did not show passive deleveraging or concentrated liquidation. Under the combined effects of multiple factors, global buy-side demand was amplified, and short-term ETH volatility was further elevated. Be alert to the risk of capital sustainability after a surge in high-frequency trading volume and Gas fees. If subsequent incremental buying is lacking or on-chain attention cools down, ETH may face short-term pullback pressure. Monitor changes in large-holder positions, any abnormal shifts in network fees, and liquidity volatility on the DeFi protocol chain. While there have been no signs of security incidents involving major contracts and protocols so far, short-term liquidity disturbances still need close observation. Keep monitoring fund flows and on-chain structure to stay informed about subsequent market changes.

GateNews43m ago

Bitcoin Dominance Approaches 59.9% Resistance, Altseason Signals Emerge

Bitcoin dominance has reached 59.9%, nearing a key resistance level. If rejected, analysts predict a capital shift to altcoins, potentially leading to an "altseason," as past trends show this often initiates rallies in smaller assets.

GateNews43m ago

BTC rises 0.58% in 15 minutes: whale large-capital transfers and derivatives defensive positioning drive spot buying

2026-04-20 06:30 to 2026-04-20 06:45 (UTC), the BTC price recorded a +0.58% return rate. The candlestick range was 74347.7 to 74898.0 USDT, with an amplitude of 0.74%. During this period, market attention increased because large orders and on-chain capital flow showed abnormal fluctuations, resulting in a higher overall volatility. The main driver behind this anomalous move is whale entities concentrating large withdrawals and transfers targeting exchanges. Over the past 24 hours, the total reached 3,824 BTC, directly reducing the exchange’s BTC liquidity and bringing increased buy pressure to the spot market. On-chain data shows that the value of large transfers per transaction exceeding 1 million US dollars rose significantly during this window. As exchange immediate liquidity contracted, it pushed the BTC price upward in the short term. In addition, the derivatives market’s positioning structure changed: total futures open interest (OI) fell, and some defensive options positions shifted toward spot buying, further strengthening upside momentum. Second, overall market liquidity remains in a fragile range. Order book data shows that large market buy orders were heavily concentrated, and buy-side depth increased noticeably. Meanwhile, in the same period, market Mempool activity and on-chain transaction fees were at low levels, and trading activity declined—making the impact of large single transfers and buy orders on price more pronounced. At the same time, leveraged funds leaving the derivatives market and options’ “maximum pain” strike price being below the spot price increased the spot market’s sensitivity to volatility. With multiple factors converging, the short-term upward price impulse was amplified. Currently, market liquidity risk is rising, and in the short term the price is dominated by large buy orders in the order book and on-chain whale liquidity. Traders should continue to monitor the direction of whale capital flows and changes in exchange reserves, and be alert to possible price pullbacks caused by capital returning. At the same time, the key support range (72,000–74,000 USDT), order book depth, and derivatives positioning structure remain the core monitoring indicators for near-term volatility. Investors should be mindful of the risks stemming from fragile short-term liquidity and keep an eye on more real-time market developments.

GateNews1h ago

Spark's Prudent ETH Lending Strategy Proves Justified as Aave Faces Liquidity Crisis Across Multiple Chains

Spark's strategy chief defended maintaining high borrowing rates on SparkLend despite user migration to Aave, citing current market conditions. Aave is experiencing liquidity issues, raising concerns about potential bad debt if ETH prices drop significantly.

GateNews1h ago
Comment
0/400
No comments