Date: Sat, Oct 18, 2025 | 11:58 AM GMT
The cryptocurrency market is showing a mild weekend relief after a volatile week, with both Bitcoin (BTC) and Ethereum (ETH) trading slightly in the green. Amid this recovery, several altcoins are displaying renewed strength — and Monero (XMR) is among the standouts.
XMR is up 7% today, extending its positive momentum as a notable harmonic pattern on its chart suggests that the rally could be far from over.
Harmonic Pattern Hints at Potential Upside
On the 4-hour chart, Monero appears to be shaping a Bearish Butterfly harmonic pattern. Despite the term “bearish,” this structure typically experiences a strong bullish continuation during the final CD leg, especially as the price approaches the Potential Reversal Zone (PRZ).
The pattern began at Point X near $349.99, followed by a sharp decline to Point A, a rebound to Point B, and a corrective move to Point C around $281.84. After reaching this low, XMR has shown a solid recovery and is currently trading near $312, signaling that bullish momentum may be building again.
Crucially, XMR is now hovering just below its 100-hour moving average at $317.53 — a zone that could act as a pivotal breakout point. A confirmed move above this level may flip it into strong support and reinforce the upward trajectory.
What’s Next for XMR?
If buyers manages to hold the level near $298 and manage to push prices decisively above the 100-hour MA, the Butterfly pattern projects a move toward the PRZ zone between $372.44 and $401.62.
These targets correspond to the 1.272 and 1.618 Fibonacci extensions, historically significant areas where the Butterfly pattern tends to complete.
However, if XMR fails to maintain support near $298, the bullish structure would be invalidated, possibly leading to renewed downside pressure before any recovery attempt resumes
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