{"id":20047,"date":"2026-01-16T20:48:53","date_gmt":"2026-01-16T20:48:53","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xmr-price-pumps-as-a-rare-pattern-points-to-monero-hitting-1000\/"},"modified":"2026-01-16T20:49:04","modified_gmt":"2026-01-16T20:49:04","slug":"xmr-price-pumps-as-a-rare-pattern-points-to-monero-hitting-1000","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xmr-price-pumps-as-a-rare-pattern-points-to-monero-hitting-1000\/","title":{"rendered":"XMR price pumps as a rare pattern points to Monero hitting $1,000"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XMR price jumped to a record high today, January 15, as demand for privacy tokens rose.\u00a0<\/p>\n<div id=\"cn-block-summary-block_2c7e46646d1c1d65bf5f340e7bd89d66\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XMR price jumped to a record high on Thursday.<\/li>\n<li>Data shows that the futures open interest rose to a record high.<\/li>\n<li>It has formed the highly bullish cup-and-handle pattern, pointing to a jump to $1,000.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Monero (XMR) token soared to $798, up by 713% above its lowest point in 20233. Its surge has brought its market capitalization to over $12 billion, making it the 12th biggest coin in the crypto industry.<\/p>\n<p>XMR\u2019s surge was driven by the ongoing demand for privacy tokens. Dash (DASH), another similar coin, has jumped by over 100% this week. Decred and Humanity Protocol have risen by 60% and 30% in the last 7 days, while the market capitalization of all privacy tokens rose to $73 billion.\u00a0<\/p>\n<p>The rising demand has pushed its 24-hour volume to $465 million, while its futures open interest rose to a record high of over $275 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>XMR also soared after Hyperliquid listed it on its platform, allowing traders to long or short with up to 5x leverage. One <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/OnchainLens\/status\/2011781832409563638\">whale moved<\/a> reacted to the listing by opening a leveraged trade worth $2.27 million, a sign that he expects it to keep rising. Another trader opened a long trade worth over $5.2 million at the average price of $729.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XMR Hyperliquid trades | Source: CoinMarketMan<\/figcaption><\/figure>\n<p>The ongoing Monero rally started in 2024 as the Tornado Cash case started. US authorities accused of money laundering and sanctioned it. In response, a group of users sued the government, arguing that immutable contracts were not \u201cproperty\u201d, which the court agreed.\u00a0<\/p>\n<p>In March this year, the Trump administration lifted the sanctions, in a major win for the privacy industry. The rally then accelerated in the fourth quarter, triggered by the rising demand for Zcash (ZEC).<\/p>\n<h2 class=\"wp-block-heading\">XMR price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"2022\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/01\/1768596533_643_XMR-price-pumps-as-a-rare-pattern-points-to-Monero.webp.webp\" alt=\"XMR price\" class=\"wp-image-14445058\"><figcaption class=\"wp-element-caption\">Monero price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The weekly chart shows that the XMR token bottomed at $97 in 2024 and then jumped to a record high of $798 today. It moved above the key resistance level at $517, thru upper side of the cup-and-handle pattern, a common bullish continuation sign.<\/p>\n<p>This pattern\u2019s depth was ~85%. Measuring the same distance from the upper side gives a target price of $965. A move to that level would raise the odds of it hitting the psychological level of $1,000. A drop below the upper side of the cup will invalidate the bullish outlook.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XMR price jumped to a record high today, January 15, as demand for privacy tokens rose.\u00a0 Summary XMR price jumped to a record high on Thursday. Data shows that the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":20048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20047"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20047\/revisions"}],"predecessor-version":[{"id":20049,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20047\/revisions\/20049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/20048"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}