Monero (XMR) Surges 20% as Traders Rotate from Zcash — Privacy Coins Are Back
🕵️ Monero Surges 20% as Privacy Coins Stage a Comeback
Monero (XMR) has surged roughly 20% over the past week — jumping from $352 on November 3 to a temporary high of $433, while maintaining levels above $420. The rally follows Zcash’s explosive breakout earlier in November and signals a renewed trader focus on privacy-focused cryptocurrencies amid both technical breakouts and upcoming network upgrades.
💰 Profit Rotation from Zcash Sparks Monero Rally
After Zcash (ZEC) soared more than 200% earlier this month, traders began rotating profits into other privacy coins — and Monero quickly emerged as the top destination. Social sentiment analytics from Santiment show “privacy coins” trending across crypto platforms starting November 6, confirming a sector-wide surge in interest.
Open interest in XMR futures on Bybit and Binance reached record highs, triggering approximately $12 million in short liquidations, according to CoinGlass. This short squeeze forced bearish traders to exit positions, amplifying Monero’s upward momentum and creating a self-sustaining rally.
The rotation follows a familiar altcoin sector pattern: once early movers like ZEC deliver big gains, capital often flows into related assets, igniting a second wave of momentum across the niche.
📈 Seven-Year Technical Breakout Meets Network Upgrade
Technically, Monero has achieved a long-awaited breakout. Chart analysts confirm that XMR completed a “cup and handle” formation dating back to 2018 — breaking decisively through the $400 resistance zone. Based on this structure, the minimum upside target sits around $1,000, suggesting significant potential if the rally continues.
On the fundamental side, Monero’s developers are preparing to roll out Full-Chain Membership Proofs (FCMP++) in 2025 — a major protocol upgrade designed to enhance both privacy and transaction efficiency. Anticipation of this upgrade has drawn renewed investor confidence, reinforcing the breakout with long-term conviction.
🔒 Privacy Demand Defies Regulatory Pressure
Despite years of regulatory scrutiny and exchange delistings, Monero’s appeal as the gold standard of on-chain privacy remains strong. Recent weeks have seen increased mention of XMR among traders and influencers, many calling it “undervalued” and positioned for a major comeback.
Low liquidity across centralized exchanges has amplified the effect of fresh buying pressure — creating sharp, fast-moving rallies. At the same time, decentralized exchange volume for XMR is climbing steadily, hinting at organic, censorship-resistant demand beyond traditional trading venues.
🚀 What’s Next for Monero
Analysts identify the next key resistance zone between $500 and $520. A breakout above this range could propel XMR toward its 2021 all-time high of $517 and potentially spark a broader revival of privacy coins after years in the shadows.
The current setup — combining profit rotation, technical confirmation, and fundamental progress — positions Monero as one of the leading beneficiaries in the ongoing privacy coin rotation cycle.
🌐 Why It Matters
- Privacy coins like Zcash and Monero are regaining attention as decentralized finance expands.
- FCMP++ upgrade enhances privacy and scalability, keeping Monero ahead of regulatory curves.
- Trader sentiment and short squeezes are injecting liquidity into a long-dormant market segment.
- Renewed focus on financial sovereignty is driving demand for untraceable, decentralized assets.
⚡ TL;DR
- Monero (XMR) rallies 20% to $433 — breaking key resistance.
- Zcash profit rotation and $12M in short liquidations fueled the surge.
- FCMP++ upgrade to boost privacy and transaction speed in 2025.
- Next resistance: $500–$520; potential upside target near $1,000.
- Privacy coins reemerge as the market’s dark horse sector.
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