Monero has been correcting after a strong bullish move, but the bigger structure has not been damaged yet.
What makes the current chart interesting is that the correction is taking shape inside two different structures.
The first view shows a corrective wedge developing within the broader bullish trend. Price has been compressing between descending resistance and rising support, while the larger trend underneath remains positive.
The second chart gives us another perspective: a triangle formation. Here again, price is approaching the upper boundary of the pattern, and a confirmed breakout could open the way for another expansion higher.
I don't think the right approach here is to chase the current candle.
The plan is simpler:
Wait for the pattern to break.
Then wait for confirmation.
Ideally, I want to see a convincing 4H breakout above the pattern resistance, followed by either a successful retest or clear bullish price action around the breakout area.
If that happens, the setup becomes much cleaner.
Setup
Entry:
Wait for a confirmed breakout of the pattern resistance and confirmation/retest.
Why XMR deserves attention
Its main value proposition is different from most large-cap cryptocurrencies. Monero was designed around private, fungible digital cash, with privacy built into the protocol through technologies including stealth addresses, ring signatures and RingCT. Unlike transparent blockchains, transaction details are not publicly exposed in the same way.
That gives XMR its own fundamental narrative, but it also comes with a different risk profile.
Privacy-focused assets can face exchange-access and regulatory challenges, which can affect liquidity and market structure. At the same time, privacy has remained an active sector narrative recently, with CoinMarketCap reporting continued momentum across privacy coins in September 2026.
From a network perspective, Monero also uses tail emission rather than allowing mining rewards to fall permanently to zero. The current design maintains a small block reward to keep miners economically incentivized and support long-term network security.
Development is also active. A September 2026 development report recorded continued work across the Monero core codebase, wallet software and related infrastructure.
So there is a fundamental story behind XMR — but for this particular setup, I would still let the chart confirm it.
The pattern is there.
Now we wait for the market to prove the breakout.
No breakout, no trade.
No confirmation, no chase.
Risk Warning: This is market analysis for educational purposes, not financial advice. XMR can be highly volatile, and cryptocurrency trading — especially with leverage — can result in significant losses. Always define your invalidation and position size before entering a trade.
What makes the current chart interesting is that the correction is taking shape inside two different structures.
The first view shows a corrective wedge developing within the broader bullish trend. Price has been compressing between descending resistance and rising support, while the larger trend underneath remains positive.
The second chart gives us another perspective: a triangle formation. Here again, price is approaching the upper boundary of the pattern, and a confirmed breakout could open the way for another expansion higher.
I don't think the right approach here is to chase the current candle.
The plan is simpler:
Wait for the pattern to break.
Then wait for confirmation.
Ideally, I want to see a convincing 4H breakout above the pattern resistance, followed by either a successful retest or clear bullish price action around the breakout area.
If that happens, the setup becomes much cleaner.
Setup
Entry:
Wait for a confirmed breakout of the pattern resistance and confirmation/retest.
- Short-term target: 624
- Mid-term target: 704
Invalidation: 480
The 480 area is important because a move below it would significantly damage the current bullish structure and invalidate this continuation idea.
Why XMR deserves attention
Monero doesn't always behave like the rest of the crypto market.
Its main value proposition is different from most large-cap cryptocurrencies. Monero was designed around private, fungible digital cash, with privacy built into the protocol through technologies including stealth addresses, ring signatures and RingCT. Unlike transparent blockchains, transaction details are not publicly exposed in the same way.
That gives XMR its own fundamental narrative, but it also comes with a different risk profile.
Privacy-focused assets can face exchange-access and regulatory challenges, which can affect liquidity and market structure. At the same time, privacy has remained an active sector narrative recently, with CoinMarketCap reporting continued momentum across privacy coins in September 2026.
From a network perspective, Monero also uses tail emission rather than allowing mining rewards to fall permanently to zero. The current design maintains a small block reward to keep miners economically incentivized and support long-term network security.
Development is also active. A September 2026 development report recorded continued work across the Monero core codebase, wallet software and related infrastructure.
So there is a fundamental story behind XMR — but for this particular setup, I would still let the chart confirm it.
The pattern is there.
Now we wait for the market to prove the breakout.
No breakout, no trade.
No confirmation, no chase.
Risk Warning: This is market analysis for educational purposes, not financial advice. XMR can be highly volatile, and cryptocurrency trading — especially with leverage — can result in significant losses. Always define your invalidation and position size before entering a trade.
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🎯 Price Action & Market Structure
📚 Trading Education & Market Insights
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✨ Learn • Analyze • Trade
📊 Free Analysis for Crypto • Forex • Gold
t.me/pullbacksignal
🎯 Price Action & Market Structure
📚 Trading Education & Market Insights
📊 Free Analysis for Crypto • Forex • Gold
t.me/pullbacksignal
🎯 Price Action & Market Structure
📚 Trading Education & Market Insights
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.