Monero (XMR) is consolidating just below the $500 psychological level after one of the most explosive rallies in the crypto market this year. XMR maintains its explosive rally of over 143% in the current year and close to 151% in the last 12 months, making it the overall leader among the major digital currencies in 2025.

XMR’s price currently stands at $480.36 after registering a substantial gain of 5.92% in a day. The token maintains its pace in gaining further support and increasing its value to $8.86 billion in market valuation amid escalating demand in the market.

Monero Forms Bullish Ascending Triangle Pattern

Market analyst Ardi mentioned that Monero has developed again with strong positive momentum as it presses on in creating the formation of an ascending triangle. In addition, he pointed out there has been a formation of a higher low in XMR.

Ardi pointed out that a “cleaner acceptance above the $460 level across multiple time frames” might just confirm the pattern and give the market the boost it needs. The pattern shows strong buying, with the buying interest initiated at earlier levels.

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XMR Faces Resistance Near $500 Zone

On the technical side, Monero is still strong in terms of its trend. The price is well above significant levels like the 50-day EMA and is forming higher highs and higher lows in an ascending trend line.

However, momentum indicators are flashing caution. The Relative Strength Index (RSI) has risen to about 84, which puts XMR solidly into overbought territory. Although powerful market trends can maintain a high RSI reading for quite a long time, analysts also point out that temporary corrections often follow a move of this speed.

Resistance levels start just above the areas around $490-$500, with early support ranging around the middle $450s. Strong support above those areas could form a basis for another leg up.

Breakout or Cool-Off? Market Weighs Next Move

As XMR hovers below $500, the market is split between two near-term scenarios. A breakout past the key level, accompanied with significant trading activity, may pave the way for new goals in the coming months. But a rejection at the current prices could lead to a corrective move to adjust the pace.

However, market sentiment is predominantly positive and tinged only by a degree of wariness concerning overly extended technical factors. At a time when privacy issues find themselves once more firmly in focus within the world of cryptocurrency, a significant degree of interest is centered on Monero’s consolidation pattern near record highs.

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Filed under: Bitcoin - @ January 11, 2026 1:00 pm