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Monero (XMR) To Rise Further? Key Harmonic Pattern Signals Potential Upside Move

Monero (XMR) To Rise Further? Key Harmonic Pattern Signals Potential Upside Move

CoinsProbeCoinsProbe2025/09/13 20:54
By:Nilesh Hembade

Date: Sat, Sept 13, 2025 | 04:50 PM GMT

The cryptocurrency market continues to show strength amid the anticipated potential US Federal Reserve rate cuts, with Ethereum (ETH) trading near the $4,650 mark after an 8% weekly gain. Riding this momentum, several major altcoins are flashing bullish signals — and one of them is Monero (XMR).

XMR has turned positive with an 7% gain over the past week, and more importantly, its chart is now showcasing a harmonic pattern that could set the stage for further upside momentum.

Monero (XMR) To Rise Further? Key Harmonic Pattern Signals Potential Upside Move image 0 Source: Coinmarketcap

Harmonic Pattern Hints at Potential Upside

On the daily timeframe, Monero is shaping a textbook Bullish Bat harmonic pattern. The structure began with an initial leg from point X around $184.98, followed by a strong rally to point A. The price then retraced to point B, bounced higher to point C, and finally pulled back to the D point near $232.

Following the completion of this structure, Monero has started to bounce and is now trading around $286.83. Importantly, the token has reclaimed the 200-day moving average at $279.28, signaling improving market sentiment.

Monero (XMR) To Rise Further? Key Harmonic Pattern Signals Potential Upside Move image 1 Monero (XMR) Daily Chart/Coinsprobe (Source: Tradingview)

At the same time, price action is edging closer to the 100-day moving average at $298.79, which stands out as a short-term resistance and a crucial confirmation level for the bullish scenario.

What’s Next for XMR?

If Monero can break decisively above the 100-day MA with solid buying volume, the Bullish Bat formation points toward higher upside potential. The pattern’s projected targets fall within the Potential Reversal Zone (PRZ), which stretches between $331, marked by the 0.618 Fibonacci extension of the CD leg, and $422, aligned with the full 1.0 extension. Historically, this zone is where the Bat pattern tends to complete before the market considers a reversal or period of consolidation.

On the other hand, if Monero fails to hold above its 200-day MA, the bullish setup would lose strength and likely lead to another round of sideways consolidation before any new trend emerges.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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