Monero (XMR) Price Analysis for January 16
Analysis
Price Impact
MedThe hourly chart indicates bullish momentum with a potential breakout toward $750. however, the daily chart suggests consolidation between $680-$700, and a mid-term view warns of a possible correction to $600-$650 if the weekly candle closes with a long wick.
Trustworthiness
MedThe analysis is based on technical chart observations (support, resistance, candle wicks) from a crypto news platform. it includes disclaimers common for financial content.
Price Direction
NeutralDespite short-term bullish signals aiming for $750, the daily chart points to near-term consolidation. more significantly, the mid-term perspective suggests a potential bearish correction to $600-$650 by month-end, creating mixed signals.
Time Effect
LongShort-term targets are mentioned for 'tomorrow' and 'until the end of the week'. however, a significant potential correction to $600-$650 is projected 'by the end of the month', indicating a longer-term outlook for price movement.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bears are back in the game at the end of the week, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap XMR/USD Monero (XMR) is the exception to the rule, rising by 1.23% over the last day. Image by TradingView On the hourly chart, the price of XMR keeps looking bullish. If the breakout of the local resistance happens, the accumulated energy might be enough for a test of the $750 mark tomorrow. Image by TradingView On the bigger time frame, the situation is less bullish. The rate of XMR has once again bounced off the support at $666. You Might Also Like Thu, 01/15/2026 - 15:58 SHIB Price Analysis for January 15 By Denys Serhiichuk As the price is far from the main levels, there consolidation in the narrow range of $680-$700 is the more likely scenario until the end of the week. Image by TradingView From the mid-term point of view, one should focus on the weekly bar closure in terms of its peak. If the bar closes with a long wick, bears may seize the initiative which may lead to a correction to the $600-$650 zone by the end of the month. XMR is trading at $716.52 at press time. #Monero Price Prediction