XMR Rockets 65% After Jaw-Dropping BTC Heist—Will Monero Hit $300 Next?

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  • Somebody pinched $330M in BTC, and Monero immediately lost its wits and shot upwards. 💸
  • XMR was dancing right on the edge of an ancient, cobweb-covered trendline, poised for greatness (or disaster!) 🕸️

On the 28th of April, Monero [XMR] did what any sensible altcoin would do after hearing about a colossal $330 million Bitcoin hack: it shot up 65% in a dizzying blur, leaving on-chain detectives like ZachXBT clutching their monocles in amazement. 🚀

Though it sobered up and slipped back a little during the trading day, Monero wasn’t done pounding the drums. By the 29th of April, it was swaggering around with a 7% gain, price-tagged at a tidy $277, and bravely smashing through a stubborn chart resistance that probably hadn’t been dusted since the start of 2024. Are the bulls about to throw a party, or just a confetti of tears?

XMR’s Breakout Extravaganza 🎉

But—wait for it—the daily candlestick still needs to close above that blasted resistance for a true-blue breakout. If it manages not to trip and fall before the finish line, bulls might set their sights on the 2021 Everest of $289. Altcoin mountain climbers, pack your sandwiches!

Over in the depths of technical indicators, the daily RSI has wandered way past “sensible”, deep into “overbought” territory—meaning buyers are everywhere, probably fighting each other for a piece of the pie. 🥧

While that’s grand for hype, it could also mean XMR gets a little too hot and needs to cool off, like an excited Oompa Loompa in a sauna.

Then there’s the CMF (Chaikin Money Flow)—which just did the equivalent of a dramatic faint and crashed back to neutral territory. Apparently, the money-givers got stage fright after Monday’s Bitcoin pump.

If the CMF dips below 50, consider it a red flag and maybe put the party hats away for now.

If XMR dares tumble back under that ancient trendline, all this bull business goes out the window. In that tragic event, $220—the neighborhood of moving averages—might be the only friendly face in sight.

Monero Mayhem: The Sell-Off Stampede 🏃‍♂️

Meanwhile, over at Exchange Neftlow, things have gotten a bit frantic. More XMR tokens have been sprinting onto Kraken to sell than escaping for a nap in private wallets.

How frantic? $956K of XMR (good old green) came careening in to sell, while a measly $356K (red—think embarrassment) hid away. It looks like sellers are desperate to cash in before Monero turns into a pumpkin.

Now, peering at the liquidity heatmaps like a nosey neighbor, support might dwell somewhere around the $240-$250 neighborhood. That spot’s got enough liquidity to soak up plenty of drama, functioning as a magnet for price swings big enough to knock a trader’s socks off. 🧲

Above, other tempting price plateaus wait at $282 and $296. So if Monero’s feeling greedy, it might reach for those cookies before plopping back down to earth around $240-$250 again. 🍪

In short: a whopping BTC heist let XMR sprint past a grouchy old resistance, but whether the joyride continues to $300 or ends in a messy retrace to $250, only time (and perhaps a deep-pocketed wizard) will tell. 🎩💰

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2025-04-29 18:22