XMR previously bottomed around $660, then cleanly and decisively retested the bearish supply zone lower boundary and reversed perfectly. Now, with trading volume and volatility clearly increasing, the price is accelerating upward.

From a technical perspective, the next likely move is to test the first support at $640, followed by the resonance zone around the 614 moving average and 50-day moving average, and finally the critical area at $599.

Our previous target levels of $720 and $760 have been successfully reached, even hitting a new all-time high near $800. But the current market looks more like a profit-taking phase, and a sideways consolidation pattern may follow.

Personal suggestion: if you want to go long, choosing a comfortable entry point is most important. First, the $497–$535 range (this zone is above the 4-hour 200-day moving average, offering higher safety); second, if you are very optimistic about the future market, you can also consider the $535–$615 range. It’s worth noting that $535 is the key candle that pushed the price to accelerate through the new high, which may leave an imbalance, and the probability of a pullback later does exist.