Monero price jumps — what’s behind today’s move (January 11)

Traders Union
All News
Crypto
Monero Surges 13.70% Today

Highlights

Monero demand has increased after reports that a single mining pool now controls approximately 38% of the network, sparking decentralization concerns.
The Monero project is advancing a quantum-resistant network upgrade targeted for 2026 to mitigate future technological risks.
Limited Monero availability on major exchanges continues to restrict broader adoption despite increased interest and network activity.

Adoption limits and security concerns as demand responds to mining pool dominance

Demand for Monero has increased following reports that a single mining pool now controls approximately 38% of the network, raising concerns about decentralization and security. The project is also moving forward with a planned quantum-resistant upgrade targeted for 2026 to address future technological risks. Additionally, limited availability on major exchanges continues to restrict broader adoption.

Anton Kharitonov, expert at Traders Union, sees risks beneath Monero's bullish surface. He notes that the heavy concentration of mining power raises doubts about decentralization and long-term security. The limited exchange listings continue to curb real adoption potential. Overbought indicators suggest possible exhaustion, despite the current positive momentum. Kharitonov urges caution, saying, "Sustained upside cannot be taken for granted while structural weaknesses linger in both network health and access."

Viktoras Karapetjanc, expert at Traders Union, believes Monero's strong uptrend is supported by robust demand and proactive developments such as the quantum-resistant upgrade. He sees broad opportunities as market sentiment turns positive and technical structures align for sustained growth. Further price appreciation is likely, with key milestones like $550 in sight. Karapetjanc says, "Bullish structure remains intact and I expect Monero to capitalize on fresh inflows and technical momentum in the days ahead."

Parshwa Turakhiya, analyst, notes Monero is currently trading near intraday highs with strong short-term buying interest. Key oscillators point to overbought conditions, hinting at possible near-term consolidation. Elevated volatility and a clear bullish gap make this a candidate for quick sentiment-driven trades. Turakhiya concludes, "With momentum peaking, I see tactical opportunities for both bulls and cautious profit-takers as volatility defines the range."

Persistent overbought signals as buyers hold control in volatile session

Momentum readings remain firmly positive: the MACD gives a buy signal and the ADX is neutral on the daily but turns strongly bullish for longer timeframes. Several oscillators, including Stoch RSI and CCI, register clear overbought conditions, while the BBP also signals buyers’ control intraday. The Awesome Oscillator supports ongoing strength. XMR is up sharply today, rising 13.70% from the previous close of $468.33, with a small upward gap at the open ($472.01) and the current price near today’s high. Volatility is high throughout the session, with buying strength dominating price action near the top of today’s range.

Previously it was reported that Monero regained its leadership among privacy-focused cryptocurrencies as the asset extended a multi-week rally and outperformed most rivals in its segment. Indicators favored XMR's advance, with market participants reassessing relative risk and longer-term technical resilience supporting its continuing upside momentum.

Source of Data: XMR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.