Monero rises 30% in a month: Charting XMR’s path to $799 ATH

CryptoNewsNet2026/05/05 21:51

By:CryptoNewsNet

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Monero rises 30% in a month: Charting XMR’s path to $799 ATH

ambcrypto.com 17 m

Monero rises 30% in a month: Charting XMR’s path to $799 ATH image 1

Is the privacy narrative gathering steam once more? Monero [$XMR] has rallied 30.51% since setting a local low at $313.32 on Friday, the 3rd of April.

Interestingly, ZCash [$ZEC] and Dash [$DASH], the popular privacy tokens, have rallied 30% within the past week, according to CoinMarketCap.

Like ZCash, Monero saw a blow-off top in recent months and saw a deep retracement in February. Both privacy tokens have broken local highs and were on their way toward recovery.

Some traders held the idea that the $ZEC and $DASH gains of the past week would soon be rotated into $XMR, leading to a more aggressive price surge. For now, traders should resist FOMO, but a buying opportunity seems to be at hand.

The end of Monero’s retracement

Monero rises 30% in a month: Charting XMR’s path to $799 ATH image 2

Source: $XMR/USD on TradingView

After falling below the 78.6% Fibonacci retracement level during the February crash, Monero has done well to climb higher. The bullish momentum for Bitcoin [$BTC], accompanied by market disbelief and profit-taking, has likely buoyed the altcoin’s sentiment too.

In terms of magnitude, the Monero rally has been on par with the $BTC’s since February. However, the higher timeframe swing structure for the privacy coin was bullish, while it was bearish for the market leader.

The breach of the local high (green) at $382.12 on Tuesday, the 21st of April, was a positive sign for the bulls. Towards the end of April, the buyers had flipped this level to support and kept the current move going higher.

The RSI on the 3-day chart was about to climb past 60 to signal strong upward momentum, and the CMF was at +0.09 to indicate steady capital inflows.

Here’s why the rally could extend another 6%

Monero rises 30% in a month: Charting XMR’s path to $799 ATH image 3

Source: $XMR/USD on TradingView

The H4 bullish structure breaks are marked in green. Using the Fibonacci levels once again for the latest bullish move, the $417 and $435 were plotted as the next $XMR short-term price targets.

In the coming weeks and months, the privacy coin can go to $500 and even the $799 all-time high if there is sustained demand and a narrative boost later in 2026.

Final Summary

Monero has a bullish structure across different timeframes, and the rally is likely to extend higher.
In the short term, traders can expect the bullish move to reach $435.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget•2026/09/21 06:38