Monero ($XMR) showcases a recovery after a significant decline in 2023. Over the past weeks, the cryptocurrency price has increased by 18.33%, nearing key resistance levels.
Monero's Consistent Recovery
As of April 28, 2025, Monero's value increased by 18.33%, reaching $272.78. The privacy-oriented cryptocurrency has built upon a post-breakout trend, targeting $484.44, which could indicate a 75% upside. This upward movement followed a long bear market, with XMR hitting a low of about $100 in late 2023.
Suspicious Activity Spurs Price Surge
Recent Bitcoin transactions have also contributed to the price increase of Monero. Hours ago, there was a suspicious transfer of 3520 BTC worth approximately $330.7 million to an address linked to theft. These funds were laundered through multiple exchanges, causing an immediate price spike of XMR, highlighting the significance of such transactions in the market.
Technical Analysis and Market Trends
Technical analysis suggests that Monero has broken through key resistance levels and is approaching its all-time high of $484.44. The rising trading volume also indicates a build-up of momentum for further gains. Experts anticipate that XMR will continue to show positive market trends in the coming weeks.
Monero ($XMR) continues to demonstrate positive trends in the market, underscored by recent price movements and growing interest. The privacy-focused cryptocurrency confirms its relevance in an evolving market.
