Monero jumps 14% – XMR traders, THESE 2 signs could trigger a breakout

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Key Takeaways

What is driving Monero’s latest recovery?

Ah, the thrill of watching Monero rise 14% in a single day! It’s not magic, darling, it’s just improved Netflow, stronger CMF readings, and sentiment rising faster than your excitement at a Black Friday sale. These lovely little metrics are keeping buyers alive and kicking at those oh-so-important Fibonacci levels. How lovely for XMR, truly.

What threatens the continuation of this move?

But alas, don’t get too comfortable, my dear. A weak A/D trend and a stubbornly descending resistance are hanging around like your aunt at family gatherings-always there, always blocking the fun. These could force XMR to tumble down toward lower support zones, but don’t fret, that’s just part of the show.

Privacy tokens, like the charming underdogs they are, have had a strong month, delivering a solid 54.6% gain across the sector. And Monero? Well, it’s no slouch-posting a delightful 14% gain in just 24 hours. But don’t get too carried away; some new fundamentals are suggesting this rally might be a bit of a tease.

Investors return with liquidity

Ah, the sweet scent of renewed investor confidence. Monero’s recent gain came courtesy of a market that decided, “Why not?” and threw some liquidity into the mix. Community sentiment has spiked to 74%, up from a rather humble 67.5%. It’s like everyone suddenly remembered how to play the game. A buying frenzy? Why, of course! Spot market purchases, anyone?

CoinGlass data shows a glorious $1.87 million in positive Netflow. Sounds great, doesn’t it? It’s just the kind of buying pressure that adds demand and makes us all feel just a little more optimistic about the future of Monero.

And in case you were wondering, accumulation over the past week hit $4.68 million, marking the second-largest weekly accumulation for the asset. If this keeps up, we could be looking at a price boost that’ll make us all smile like we’ve just found an extra fry at the bottom of the bag.

Hurdles ahead for price

But don’t let your excitement cloud your judgment, darling. Despite the renewed optimism, XMR’s chart reveals early signs of weakness. It’s currently grazing a descending resistance trendline, which has been rejecting prices like a bouncer at an exclusive nightclub.

As of this very moment, XMR is sitting comfortably near the 0.5 Fibonacci Retracement at $394.25. This could be a temporary stop for the asset before it either makes a break for it or decides to retreat to more familiar territory.

Let’s say XMR rebounds from this level-don’t be shocked if it tries again to challenge that pesky descending trendline. It’s like a bad habit, refusing to die. But hey, if it keeps trying, the odds of a breakout increase, provided momentum stays on its side. Let’s hope it remembers to pack some enthusiasm.

Will bullish momentum hold?

The probability of a rebound still hangs in the air, supported by bullish indicators. It’s not a done deal, but it’s certainly looking promising-until it’s not. The Chaikin Money Flow (CMF) and the Accumulation/Distribution (A/D) indicator are playing their parts like understudies in a show that could either be a hit or a flop.

For those who don’t keep track of these things, the CMF measures buy and sell volume to predict market direction. Right now, it’s above the neutral zone, implying buying activity outweighs selling. How charming.

But let’s not get carried away. The A/D indicator suggests investors are playing hard to get, sitting on the sidelines and waiting for a better deal. How quaint. A rebound in the A/D would confirm that XMR might just break through that resistance, but if both indicators start trending downward? Well, we might just have to say goodbye to this rally and hello to the next support level.

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2025-11-24 19:25