Technical analysis by The_Alchemist_Trader_ about Symbol XMR: Buy recommendation (10/23/2025)

Monero’s weekly chart continues to show a bullish structure, with price consistently forming higher lows — a clear indication of sustained upward momentum. This pattern reflects steady accumulation and growing confidence among buyers as the market gradually trends higher. The continuation of this higher-low formation suggests that Monero remains structurally sound, with room for further upside movement. The key objective in the current phase lies at $424, the yearly high and a major resistance level that could determine the next directional impulse. Key Points: - Bullish Structure: Consecutive higher lows confirm ongoing strength on the weekly timeframe. - Key Resistance: The $424 yearly high is the next major upside target. - Breakout Potential: A breakout above $424 could extend the rally toward $518. From a technical standpoint, Monero’s price action remains firmly supported by trend continuation dynamics. As long as higher lows persist, momentum favors the bulls, and buyers may continue defending short-term dips. What to Expect: A decisive break and weekly close above $424 would likely trigger a continuation rally toward $518. However, failure to breach this level could lead to temporary consolidation before another upward attempt.