Technical analysis by The_Alchemist_Trader_ about Symbol XMR: Buy recommendation (11/5/2025)

Monero’s price action continues to demonstrate remarkable bullish strength, maintaining a well-defined uptrend with consecutive higher highs and higher lows. The market structure remains firmly bullish, suggesting that momentum is building toward a test of the yearly high at $420. This level marks a critical resistance zone, and a successful reclaim and close above $420 could trigger a bullish expansion, propelling Monero into new yearly highs. From a technical perspective, XMR stands out as one of the strongest performers in the market, supported by sustained demand and consistent structural integrity. Key Points: - Strong Uptrend: Consecutive higher highs and higher lows confirm bullish control. - Target Level: The $420 yearly high is the next key resistance to test. - Expansion Potential: A breakout above $420 could lead to new yearly highs. Monero’s continued resilience against broader market corrections reinforces its strong technical outlook. What to Expect: As long as XMR maintains its higher low structure, expect a move toward $420 in the near term. A decisive reclaim and close above this level could ignite further upside expansion and reaffirm Monero’s leading bullish position among major altcoins.