- Monero price rose 9% to reach to high of $378, the highest level since June.
- Privacy coins Zcash, Decred also jumped as Bitcoin, Ethereum struggled.
- The technical picture suggests Monero could rally to a new all-time high amid fresh momentum.
As top cryptocurrencies struggle amid widespread sell-off, Monero (XMR) is among coins seeing a decent uptick.
While Bitcoin hovers below $103,000 and most altcoins are bleeding red, XMR is up 9% in 24 hours on swelling volume.
The catalyst? A resurgent privacy coin sector that has seen Zcash explode amid gains for Dash and Decred, among others.
Monero price climbs 9% to five-month peak
The privacy coin has gained by more than 9% in the past 24 hours to hit levels not seen since early June.
Indeed, XMR traded at highs of $378 on November 5, 2025, having jumped from lows of $326.
Monero is now up 128% in the past year, lagging Zcash at 1,120% but notably outpacing Ethereum’s 36% and Bitcoin’s 49%.
The latest XMR price breakout began in Asian hours on Tuesday when XMR punched through the $337-$346 congestion zone that had capped rallies since June.
Buyers stepped in aggressively at the 50-day EMA above $302 on Oct. 21, turning what looked like a retest into a key support level.
After Monero bulls cleared $350, the rally to $378 was on. This triggered a cascade of short squeezes on perpetual futures platforms, with more than $391,000 in leveraged positions liquidated in the past 24 hours.
Meanwhile, the token’s 24-hour volume spiked 19% to $265 million.
The move has lifted XMR’s market cap to $6.72 billion, ranking it 21st on CoinMarketCap.
Can Monero extend rally to new all-time high?
Technically, the daily chart is screaming continuation. XMR has printed a textbook high at $339 and is now challenging the 0.786 Fibonacci retracement level of the May-August swing at $378.
A decisive close above that level will bring $400 into play and expose the 2021 cycle high of $517.
The daily chart also shows that momentum oscillators are largely bullish.
On the above chart, we can see the daily RSI at 64. While its near the overbought line, its not yet into the territory and could rise further before it hits 70.
Elsewhere, the MACD has the histogram positive and expanding histogram following a bullish crossover.
The signal-line crossover offers early confirmation and any potential catalyst could help XMR price through the $400 psychological barrier.
What’s the XMR price long term picture?
On a long term outlook, Monero is tracing the same pattern that preceded its 2021 parabolic leg: a multi-month base then breakout.
With privacy coins back in the limelight and Monero having survived bearish scenarios before, it looks like the current momentum allows bulls to aim for the ATH and beyond.
However, analysts say crypto could see some choppy trading in the coming months.
The post Monero (XMR) jumps to 5-month high as privacy coins lead surprise market rally appeared first on CoinJournal.
