The post Monero’s price rallies after confirming breakout despite 18 block re-organisation appeared on BitcoinEthereumNews.com.

Monero’s price has broken out of a tight consolidation phase, rallying strongly from high time frame support near $231. Despite recent network concerns, the price remains bullish, targeting resistance around $344 and beyond. Summary $231 Support: Strong bullish reaction initiated breakout. POC Resistance: Price currently consolidating at the point of control. Next Target $344: High time frame resistance likely if momentum persists. Monero’s (XMR) market structure has shifted firmly to bullish following a breakout from equilibrium near its value area low. The move was ignited by a reaction from major support levels, and momentum has since carried the price into the point of control, where resistance is now being tested. Monero held $300 support despite a record 43-minute block reorg that rattled miners but caused no confirmed double-spends. While fundamentals have raised some concerns after a mainnet reorganization, Monero’s price action continues to display strength, suggesting buyers remain firmly in control. Monero price key technical points Support at $231: Strong bullish reaction from high time frame support initiated the breakout. Expansion Through POC: Price rallied aggressively into the point of control, now acting as local resistance. Targeting $344: Momentum suggests continuation into high time frame resistance at $344 and potentially beyond. XMRUSDT (1D) Chart, Source: TradingView Monero’s breakout began after weeks of consolidation, where price had been coiling around its value area low. The decisive reaction from $231 confirmed support, sparking a bullish surge. The expansion carried Monero upward into the point of control, where supply has temporarily slowed momentum. This area is crucial, as holding above or breaking through this level will determine whether the next leg higher materializes. The nature of Monero’s rally has been aggressive, suggesting that bulls remain firmly in control of the short-term market structure. If the breakout sustains, the next major high time frame resistance sits near $344, a level that…

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Filed under: News - @ September 17, 2025 1:29 am