- XMR gained 8.67% to $650.08, moving beyond its earlier $630 target.
- Holding $620 support could preserve the possibility of a $700 test.
- Losing support could expose the $570–$550 zone.
Monero price climbed 8.67% to $650.08 over 24 hours in the quoted market snapshot, extending its recent recovery. XMR moved above the $600–$620 resistance region and surpassed an earlier analyst target near $630. Holding $620 could support a test of $700, while losing that level would weaken the breakout and expose lower support.
Monero price breaks resistance after a volatile recovery
On October 20, analyst Ali Martinez identified an ascending triangle on the hourly chart. He suggested that a move above $602 could open a path toward $630.
The quoted Monero price has since exceeded both levels, shifting attention toward whether former resistance can become support. Crossing a target, however, does not guarantee that the advance will continue.
The rally followed sharp swings on October 21, when XMR briefly approached $570 before recovering above $600. Historical data places its closing price around $621.91 that day, compared with approximately $549.54 on October 15.
That represents a gain of roughly 13.2% between those two readings. Thursday’s quoted daily trading volume reached $251.1 million as the recovery extended.
Volume measures trading activity rather than net buying alone. The figure therefore provides context for market participation without establishing why investors entered or exited positions.
Monero price outlook hinges on buyers defending $620
Analyst Lucky also highlighted XMR’s strength within the privacy sector, describing the token as one of its standout performers. His post expressed bullish sentiment but did not provide a fresh numerical target.
The Monero price scenario supplied with the analysis places $620 at the center of the next move. Sustained trading above that level would preserve the possibility of a $700 extension.
From $650.08, reaching $700 would require an additional gain of approximately 7.7%. That is a conditional technical objective, rather than a confirmed destination or scheduled move.
A break below $620 would weaken the immediate bullish case and raise the risk of a deeper retracement. The stated downside zone lies between $570 and $550, overlapping levels traded during the preceding recovery.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
