On the daily timeframe, Monero continues to respect a rising parallel channel that has been intact since mid-2025. The recent rebound originated from the channel’s lower boundary near $420–$430, a zone that has repeatedly acted as strong demand. Price is now trading around $490, approaching a major horizontal resistance at $500, which also aligns with a prior rejection zone. A daily close above $500–$520 would confirm bullish continuation, exposing upside targets at $560, followed by $650–$700 near the upper channel resistance.
On the downside, failure to hold $460 could lead to a retest of $430, with a deeper breakdown only if $400 is lost. Momentum indicators support cautious optimism: the RSI has recovered to ~48, signalling a shift from oversold conditions, while the MACD histogram is contracting, indicating weakening bearish momentum rather than a confirmed reversal.
Conclusion: How High Can XMR Go in 2026?
If Monero maintains its rising channel structure and secures sustained acceptance above the $500–$520 zone, the broader 2026 outlook remains constructive. Under a bullish continuation scenario, XMR could target the $650–$700 region initially, with an extended move toward $800 possible if macro uncertainty and privacy demand persist. Failure to hold above $420 would invalidate this outlook.
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