June 30, 2025
11 11 11 AM
Latest Post
ETH Price Surges as $2.9B Inflows, EthCC, and Robinhood’s L2 Fuel Bullish Sentiment Circle Applies for National Trust Bank Charter HBAR Climbs 2.1% as Traders Digest ETF Review, AI Launch, and Energy Governance Move Bitcoin Carried Crypto Markets in 2025’s First Half as Altcoins Crumbled. What’s Next? Filecoin Gives Back Chunk of Recent Gain to Trade 2% Higher Texas makes gold, silver legal tender following governor’s approval First Solana ETF to Hit the Market This Week; SOL Price Jumps 5% Katana Mainnet Goes Live as Pre-Deposits Hit $232M Why Are There No Big DApps on Ethereum? Fold Holdings Slumps 7% on Delay in Bitcoin Rewards Credit Card

Monero’s ‘Basing Pattern’ Breakout Points to Price Gains Ahead

Privacy-focused digital assets might make some noise soon as their leader, monero (XMR), has broken out of a prolonged “basing pattern,” signaling a bullish shift in momentum.

For over two years, monero was locked in a basing pattern or low-volatility price consolidation between $100 to $200, marking a demand-supply equilibrium following the crash from the 2021 highs above $500.

Prices now appear to have established a foothold above $200, which means the floating supply at bear market lows has been absorbed, and the path of least resistance is upwards, as followers of the Wyckoff analysis method would describe it. The next significant resistance level is at $287, the lower high reached in April 2022. A move back into the sideways channel would invalidate the bullish outlook.

This post was originally published on this site

Please enter Coingecko Free Api Key to get this plugin works