Monero reclaims $670, eyes $930–$939 Fibonacci extension

Monero (XMR) remains in a blue‑sky breakout after clearing the $670 Fibonacci extension, with momentum keeping the next upside target near $930 in focus.

The price reclaimed and closed above the $670 (0.618 extension) level on multiple daily candles, flipping that zone into structural support. In breakout conditions where overhead resistance is limited, traders are using Fibonacci extensions as reference points, with the 2.618 extension placing the next target around $930–$939.

Volume has supported the move, with inflows noted as an important validation signal: elevated volume during impulsive legs and stability during consolidation reduces the risk of a failed breakout and increases the probability of continuation toward higher extension targets.

Going forward, the breakout is considered healthy as long as daily closes remain above reclaimed extension levels and volume stays constructive; brief consolidation below $930 would be normal, while sustained acceptance and strong follow‑through would confirm continuation toward the $930–$939 area.

Key Topics

Crypto, Monero, Xmrusdt, Fibonacci Extension, Blue-sky Breakout, Volume