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Monero Bull Run Accelerating, XMR-BTC Price Chart Signals
Monero has outperformed bitcoin this year, with an 86% surge compared to BTC's 12% rise.
Updated Jun 3, 2025, 8:37 a.m. Published Jun 3, 2025, 8:29 a.m.
What to know:
- Monero (XMR) has outperformed bitcoin this year, with an 86% surge compared to Bitcoin's 12% rise.
- The XMR-BTC ratio has reached its highest level since January 2024, indicating a potential bullish reversal.
- A move above the Ichimoku cloud supports the bullish outlook for Monero, though risks remain if prices dip below the double top support.
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Leading privacy-focused cryptocurrency monero has outperformed bitcoin this year, and the trend is likely to continue in the coming weeks.
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That's the message from the XMR-BTC ratio trading on Poloniex. The ratio representing XMR's bitcoin-denominated price recently rose to the highest since January 2024, confirming a "double-bottom" breakout on the weekly time frame.
The double bottom comprises two consecutive peaks with lows at about the same price, representing an exhaustion of the preceding downtrend. It also includes a horizontal line, called the neckline resistance, drawn connecting the temporary recovery between the two troughs.
A move past the neckline is said to confirm the breakout or a bearish-bullish shift in the market trend.
The ratio carved out two troughs at around 0.00165 early this year and recently broke above the neckline resistance, indicating a double-bottom bullish reversal.
In other words, XMR has likely begun a new bull run relative to bitcoin. The pair's move above the Ichimoku cloud also suggests the same. The bullish outlook risks invalidation in case of a renewed dip below the double top support (former resistance).
Monero has surged 86% this year, outperforming Bitcoin's 12% rise by a significant margin, according to CoinDesk data.
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Bitcoin’s Long-Term Holders Hit Cyclical Low as Sell Pressure Finally Eases
Long-term holder supply bottomed when bitcoin sank to $80K, signaling that the wave of spot-driven selling may be nearing exhaustion as prices rebound to $90K.
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- Long-term holder supply fell to 14.33M BTC in November, its lowest level since March, coinciding with bitcoin’s $80K correction low.
- The rebound to $90K suggests the bulk of spot-driven selling from seasoned holders has passed after a 36% peak-to-trough decline.
- Unlike prior cycles, LTH behavior in 2025 shows more measured distribution rather than blow-off-top capitulation, signaling a shift in market structure.
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