Monero (XMR) has recently experienced a significant price rally, surging over 60% in May 2025 to surpass key resistance levels and indicate a potential uptrend.
Technical indicators, including moving averages and Fibonacci extensions, suggest strong support for XMR's bullish momentum, with a calculated target price near $500 based on Fibonacci extension method.
While the hourly chart shows some short-term resistance levels, the long-term structure remains intact, with potential for a bullish continuation pattern.
Investors are advised to monitor key support levels at $350 and $388, with upside targets at $440 and $500, as long as XMR maintains above $350.