Monero Price Prediction: Can XMR Clear $625 as Its Triangle Nears a Breakout?

• Monero price prediction stays bullish above $517, with $625 the level that would break its narrowing triangle
• Short sellers took $21.43K of the day’s $37.92K in liquidations as XMR pushed toward triangle resistance
• KuCoin suspended XMR deposits and withdrawals on October 10 for wallet maintenance, with no reopening notice found yet

Monero price prediction for this week stays bullish above $517, the level XMR needs to hold inside its narrowing triangle pattern.

Monero Price Analysis: Can XMR Break Out of Its Narrowing Triangle?

XMR trades near $556, up 1.35% today, pressing against the lower trendline of a narrowing triangle that has contained price since the August low near $340. The triangle’s upper line runs down from the September high near $625, and the two lines are converging toward a resolution point in the next few weeks.

Price sits above the 20-day EMA at $541.70 and the 50-day at $517.22, both of which have supported recent pullbacks. The 100-day at $473.48 and 200-day at $430.18 sit further below, both still rising. RSI at 55.88 is above its moving average at 52.34, both in neutral territory, after cooling from an overbought reading above 80 in early September. A close back above today’s intraday high near $557 would test the triangle’s upper boundary next.

Related: Bitway Price Prediction: BTW Rally Faces Profit-Taking Risks Despite Strong Market Participation

XMR Support and Resistance Levels for This Week

XMR News: KuCoin Pauses Monero Deposits and Withdrawals

KuCoin suspended Monero deposits and withdrawals on October 10 for wallet maintenance, according to the exchange’s own announcement. 

The notice doesn’t describe a delisting or a pause on spot trading, and no reopening notice had been found as of this writing, so the current status should be checked directly before assuming transfers remain unavailable.

XMR News: Trader Peter Brandt Calls Monero His Favorite Chart

Trader Peter Brandt, writing as The Factor Report last week, compared several large-cap charts and said Monero stood out because its supply overhang has been absorbed, unlike XRP, which he said still carries heavy resistance from past buyers. 

He called XMR his favorite among the charts he reviewed, adding he doesn’t know or need to know Monero’s fundamental narrative, since his analysis is based on price action alone. 

Monero Derivatives: Short Sellers Lose the Most as Volume Jumps 16%

Trading volume rose 16.23% to $120.88 million over the past day, and open interest climbed 1.92% to $226.06 million, so traders are opening fresh positions rather than just rotating old ones.

Related: Pi Network Price Prediction: Can PI Reach $0.0895 or Fall to $0.07 This Week?

Over the past 24 hours, $21.43K in short bets got liquidated against $16.49K in longs, and in the last hour it was short positions only, $2.57K wiped out, none on the long side. On Binance, most individual accounts are still positioned against XMR, 0.657 longs for every short, but Binance’s largest traders by position size are net long at 1.285, suggesting bigger money is leaning bullish while smaller traders stay cautious.

Monero Price Prediction: Can XMR Reach $625 or Fall to $473?

Bullish Case, Target: $625

XMR holds the 20-day EMA at $541.70 and closes a day above $557, the triangle’s current resistance test. That would open the path toward the triangle’s upper boundary near $600 to $625, with relative strength against the broader market adding to the case.

Bearish Case, Risk Level: $473 (100-Day EMA)

XMR loses the 50-day EMA at $517.22, breaking the triangle’s lower support. A close below that level would put the 100-day EMA at $473.48 in play, and continued broad market weakness would add pressure to that scenario.

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