2026-01-17 03:32:58

Monero's breaking through resistance right now. After reclaiming that $670 Fibonacci extension level, it's been printing solid daily candles with decent volume backing the move. The momentum looks legit so far. Next target zone to watch: $930 to $939 range, where the next Fibonacci level sits. If buyers can hold the current support and keep the volume flowing in, we could see it push toward that area. The setup has that blue-sky feel to it—no real overhead resistance in between. Just need to see if the volume stays consistent, because that's what'll confirm whether this breakout has legs or if it's just a quick pop.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
6
Repost
Share

Comment

0/400

Web3Educator

· 9h ago

ngl the volume is what's gonna make or break this—seen too many students chase blue-sky breakouts only to get rekt when buyers disappear. $930s could be real if we don't see that volume cliff

Reply0

Rekt_Recovery

· 9h ago

ngl the volume confirm thing hits different after i got liquidated on some weak breakout back in '22... but yeah if xmr holds $670 we might actually see something here. fingers crossed it's not another liquidation trap lol

Reply0

wagmi_eventually

· 9h ago

Monero this wave looks a bit promising, but it still depends on whether the trading volume can keep up. NGL, if the volume drops the ball, this will just be a false breakout. $930 is the target... dreams are still worth having haha. Trading volume is the real boss; everything else is useless. When the market is led by the bulls, does XMR dare to pull like this? Not so sure. This breakdown feels a bit quick; need to confirm a few more K-lines.

View OriginalReply0

WhaleWatcher

· 9h ago

Once the volume collapses, all Fibonacci levels are just clouds.

View OriginalReply0

GasFeeTherapist

· 9h ago

XMR this wave is indeed interesting; it all depends on whether the trading volume can hold up.

View OriginalReply0

All-InQueen

· 10h ago

The queen of all-in comments: Wait, can this volume really hold up to 939? It looks a bit shaky to me. If Monggo's move is a fake line, I might explode.

View OriginalReply0