Technical analysis by The_Alchemist_Trader_ about Symbol XMR: Buy recommendation (9/16/2025)

Monero has bounced sharply from high-timeframe VWAP support in confluence with the 0.618 retracement. The rally has put XMR back in mid-range consolidation. After a period of correction, Monero has shown signs of strength by bouncing off strong confluence support. The recovery suggests market participants may have found a bottom, setting up potential continuation higher. Key Technical Points: Strong bounce from VWAP + 0.618 confluence. Price now consolidating in mid-range. Higher Fibonacci extension at 0.418 remains the target. Monero’s price structure has shifted after an impressive rally from support, reinforcing bullish market sentiment. The reaction from the VWAP and 0.618 confluence provided the foundation for renewed strength. Now consolidating in mid-range, XMR is likely to move sideways in the short term as the market digests recent gains. Technically, the bounce suggests that Monero may have bottomed, opening the door for continuation higher toward the next Fibonacci extension levels. What to Expect in the Coming Price Action: Monero’s consolidation phase is expected to resolve upward, with the 0.418 Fibonacci extension serving as the next major target. Any sustained move below VWAP would challenge this bullish view.