Will Monero Be Next Zcash? Top Trader Says It Has Best-Looking Chart
Analysis
Price Impact
HighMonero is showing a significant technical breakout, knocking on its all-time high (ath) after close to a decade of consolidation. the formation of a textbook ascending triangle, combined with repeated tests of the $475-$520 resistance zone, suggests a strong potential for a major price movement.
Trustworthiness
MedThe analysis is based on technical chart patterns and a top trader's opinion, which provide a credible foundation. however, market predictions are inherently speculative, and a monthly close above $520 is required to confirm the breakout.
Price Direction
BullishThe ascending triangle pattern is a bullish continuation pattern. if monero breaks above its $520 ath, there will be no historical resistance, potentially leading to significant price discovery. the weakening resistance after multiple tests further supports a bullish outlook.
Time Effect
Short | longA successful breakout above the ath could lead to an immediate short-term price surge. if confirmed by a monthly close, this breakout could also trigger a longer-term rally into new price territories, as there's no historical overhead resistance.
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Article Content:
Cover image via U.Today Read U.TODAY on Google News Momentum is accelerating Will it be the next Zcash? Advertisement Monero is currently staging one of the most significant technical breakouts in its history. The privacy coin is knocking on the door of an all-time high (ATH) that has stood since the height of the bull run after close to a decade of consolidation. For most major cryptocurrencies of the likes of Bitcoin, the 2018 cycle highs are a distant memory, broken long ago in 2021. Monero is different. Its all-time peak of $542.33 was set on Jan. 9, 2018. HOT Stories Will Monero Be Next Zcash? Top Trader Says It Has Best-Looking Chart Morning Crypto Report: 1.16% of XRP Market Cap Disappears in ETFs, New Shiba Inu Trillionaire Absorbs 1,923,043,775,311 SHIB on Coinbase, 'Perfect Stablecoin Secret' Unveiled by Vitalik Buterin Is X Banning Crypto Posts? Elon Musk's Social Media Becomes Hostile to CT Crypto Market Review: Will Bitcoin Hold $90,000 Over the Weekend? Don't Write XRP off Here, Ethereum (ETH) $3,000+ Surge Plausible Momentum is accelerating According to trade Josh Olszewicz, XMR currently has the best-looking chart in crypto. Advertisement $XMR still the best looking chart in crypto, teasing ATHs pic.twitter.com/UKft7m6V6R — CarpeNoctom (@CarpeNoctom) January 11, 2026 The privacy coin has now formed a textbook ascending triangle, which is typically viewed as a bullish continuation pattern. The top dotted line represents a fierce resistance zone around $475–$520. Advertisement This level marks the all-time highs (ATH) from the 2017 bull run and the 2021 double-top. You Might Also Like Tue, 08/12/2025 - 09:53 Monero (XMR) Faces Successful 51% Attack, Ledger CTO Says, XMR 13% Down By Yuri Molchan For nearly 8 years, sellers would step in and push the price of XMR back down. The price is currently squeezed into the very apex of the triangle. The distance between support and resistance has narrowed. Hence, it is likely that a decision could be in the offing. The more times a resistance level is tested (knocked on), the weaker it becomes. This is XMR’s third major attempt to break the $500 region on the monthly timeframe. If it succeeds, there is no historical resistance above this level. A monthly close above the $520 level would confirm the breakout. Will it be the next Zcash? Zcash (ZEC) entered the year as the "breakthrough" darling. The privacy coin suddenly soared by more than 750% in virtually no time. However, the narrative faced a severe stress test last week, with the entire team at the Electric Coin Company (ECC) calling it quits due to governance disputes. Now that Zcash is enmeshed in an internal drama, Monero has seemingly capitalized on the chaos. #Monero News