Foreign media commentators believe that while institutional funding for Bitcoin and AI tokens continue to attract attention, Monero (XMR) has recently experienced a relatively independent upward trend. Over the past week, XMR has risen by more than 10%, ranking among the top performers in large-cap crypto assets, indicating a renewed market focus on the privacy sector.
Privacy narratives are back in the market spotlight
The article argues that during this cycle, funds have been concentrated in AI, tokenized, and institutional crypto products, while privacy-related assets have had a relatively low profile. However, with increasing discussions about digital identity, surveillance, and AI, Monero, which offers default transaction privacy, has once again attracted some investor attention.
Unlike thematic cryptocurrencies driven by short-term sentiment, this article attributes this surge to Monero's inherent functional positioning. Whether it will drive a broader strengthening of the privacy sector remains to be seen, but XMR's price performance has already significantly outperformed many similar assets.
Short positions are concentrated in the $370 to $380 range.
Besides spot buying, changes in derivatives positions are also considered a short-term driving factor. According to CoinGlass data, a significant number of leveraged short positions have accumulated in the $370 to $380 range. If prices continue to break above this range, short covering could amplify volatility and further push prices higher.
In contrast, long liquidation is more concentrated on the lower end, indicating that the current downward leverage pressure is not as intense as the upper resistance. The article argues that this position distribution suggests that once XMR breaks through the near-term resistance level, its price elasticity may be greater.
- Short selling pressure zone: $370 to $380
- Key support level: around $350
- Upper resistance zone: $450 to $480
$450 becomes the next key resistance level
From a technical perspective, the article states that XMR has broken through the downtrend line that had been suppressing the price since May, and has also regained its position above major short-term moving averages. The consistently higher price lows over the past few weeks indicate that selling pressure has gradually subsided, and buyers have regained control.
Next, market attention is focused on the $450 to $480 area. The article points out that this area has repeatedly suppressed the rebound earlier this year. If the price can effectively break above this range, XMR's medium-term trend may strengthen further; if the breakout fails to hold, the $350 level will become the first important retracement point.
