Date: Wed, Dec 17, 2025 | 09:40 AM GMT
The broader cryptocurrency market has been experiencing choppy price action over the past several weeks, a phase that began after the sharp sell-off on October 10. That correction dragged Ethereum (ETH) down by nearly 25% over the last 60 days, keeping overall market sentiment fragile and risk appetite muted.
Meanwhile, Monero (XMR) has quietly been telling a very different story. The privacy-focused cryptocurrency is up by more than 42% during the same period, significantly outperforming much of the broader market. More importantly, its daily chart is now flashing a potentially bullish technical signal, suggesting that XMR may be approaching a major breakout point.
Source: Coinmarketcap
Rounding Bottom in Play
On the daily timeframe, XMR appears to be forming a classic rounding bottom pattern — a bullish reversal structure that typically marks the transition from prolonged accumulation into a fresh uptrend. This pattern reflects gradually improving sentiment, where sellers lose control and buyers begin stepping in with increasing confidence.
The formation began earlier this year after XMR faced strong rejection near the $436.69 zone last month. That rejection triggered a sharp correction toward the $319.20 area, a level where buyers aggressively absorbed selling pressure. From that point onward, price action began to stabilize and curve higher, creating the smooth, bowl-shaped structure characteristic of a rounding bottom.
Since then, Monero has maintained a steady recovery, supported by higher lows and consistent demand. Price is also trading comfortably above its key moving average, reinforcing the strength of the underlying trend and signaling that buyers remain in control.
Monero (XMR) Daily Chart/Coinsprobe (Source: Tradingview)
Currently, XMR is trading near $428, placing it directly within its neckline resistance zone between $429.18 and $436.69. This region has historically acted as a major supply area, repeatedly capping upside attempts. A decisive breakout above this zone would confirm the completion of the rounding bottom and signal the beginning of a new bullish phase.
What’s Next for XMR?
If bulls manage to push XMR cleanly above the $436.69 neckline, the breakout would validate the rounding bottom structure. From a technical perspective, this could open the door for a move toward the $545.38 region, representing a potential upside of nearly 27% from current levels. Such a move would also place XMR back into price territory last seen during stronger bullish cycles.
That said, short-term pullbacks cannot be ruled out. A temporary rejection at the neckline could see XMR drift back into the upper portion of the rounding bottom structure, allowing the market to build additional strength before attempting another breakout.
For now, Monero’s price behavior suggests that momentum is gradually shifting in favor of the bulls. As long as XMR continues to hold above key support levels and presses against neckline resistance, the probability of an upside resolution remains strong. A confirmed breakout could mark the start of a sustained uptrend, further reinforcing Monero’s position as one of the stronger performers among major privacy-focused cryptocurrencies.
