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Monero nears $558 resistance with rising volumes; a close above could target $575 next.

Technical Signals
18 Oct 2026
Blockonomi
View Source
Bullish
Monero nears $558 resistance with rising volumes; a close above could target $575 next.

Monero (XMR) price approached a key resistance level at $558 after trading near $555, with a daily close above this barrier potentially pushing the price toward $575. Trading volumes surged significantly, with spot volume up 171% to $13.13 million and futures volume rising 70% to $200 million, indicating heightened market activity. Open interest increased by 11% to $261 million, and about 63% of traders held long positions, suggesting bullish sentiment but also vulnerability if the price fails to break $558. Support remains strong around $500 and the broader $475-$500 demand zone, while a more distant target is the $650 swing high. Additionally, THORChain's protocol upgrade may enhance Monero trading routes in the future, though native Monero swaps are not yet fully active on the main network.

Monero (XMR) trades at Rp1.934.530 on Pluang as of Oct 19, 2026 05:01 WIB, showing a 1-day gain of 2.41%. This rise coincides with the reported surge in open interest to $261 million and increased trading volumes, highlighting strong market engagement. The platform's data underscores sustained investor interest with a market cap of Rp35,12 trillion and a typical hold time of 32 days, reflecting steady confidence amid the rally.

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