Analyst: The price of Monero has risen by more than 12% to $650
2026-10-22 17:10:49
According to CoinMeta, Monero ( XMR ) rose by over 12% on October 22, approaching $650. A surge in trading volume and the resumption of futures activity helped this privacy coin break through a key resistance level. According to Crypto.News data, the trading price of XMR was $648.26 at UTC, representing a 12.17% increase from the previous 24 hours, with daily trading volume rising by 39.77% to approximately $251.1 million. This rebound occurred after several days of price recovery, as the price of Monero rose from around $550 on October 15 to above $600. Analyst Ali Martinez identified an ascending triangle pattern on the XMR hourly chart on October 20, suggesting that a breakthrough above $602 could open up upside potential to $630. Traders will be watching whether XMR can break through the resistance range of $650 to $660 and maintain itself above that level.
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Source:Cryptonews
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