- Monero rose 20%, reflecting a profit rotation after the recent Zcash bull run and the unwinding of short selling – it could be an uptrend.
- The possible launch coincides with a technical breakthrough and the expectation of the upcoming Monero FCMP network upgrade later this year.
According to new data from CoinMarket, the privacy coin sector is exploding. Monero is one of the privacy coins experiencing growth, with the token rising by 20% in the last week. At press time, XMR is trading at $422.64, down from $352 on November 3rd. It is one of Monero’s strongest weekly performances this year.
This surge in privacy-focused digital assets has also pushed XMR past the key resistance level of $420. On a related note, Zcash also saw an explosive 200% rise earlier this month.
ZEC profit-taking fuels rally in other privacy coins
Zcash rose 33% to a new high of nearly $735 on Friday, triggering $51 million in short selling and ranking third in crypto liquidations behind Bitcoin and Ethereum. Now, the token is still in an uptrend, with analysts eyeing targets of $700 and $750.
As of press time, ZEC is trading at $640.58 after posting a significant 148.83% increase over the last month and has a market cap of $10.43 billion.
After Zcash’s dramatic rise, traders began diverting their profits into other privacy coins. As proof of this, Monero has emerged as the main beneficiary of this rotation. According to data from Santiment, “Privacy Coins” became a trending topic on social media on November 6, signaling a surge in speculative interest in this niche segment.
Reach XMR futures Record high
The success story of XMR does not end there. Open interest in XMR futures on major exchanges including Binance and Bybit has reached a record high. This influx of leveraged trading triggered a cascade of short liquidations. Data from Coinglass has shown that over $12 million worth of short positions were liquidated last week.
The resulting short squeeze pushed the price of Monero sharply higher and forced bearish traders to buy back their positions.
Analysts have taken into account that capital rotation is a common investor trend. The trend of shifting assets into related assets, such as in this case privacy-focused tokens, in search of the next rally is not new and is typical of altcoin rallies.
Seven-year outbreak coincides with network upgrade
From a technical perspective, Monero’s impressive price action has broken a seven-year resistance structure. According to a renowned analyst, the XMR/USD pair has completed a “cup-and-handle” pattern that dates back to 2018. This has increased its long-term breakout area above the psychological $400 level.
$xmr feels like it’s been building a 7 year breakout set up
$1k pic.twitter.com/w1eAVLiek9
— mo (@mo_xbt) November 9, 2025
The well-known crypto analyst described described the setup as a “multi-year breakout” and suggested that Monero could target at least $1,000 in the coming months if the momentum continues.
In addition to the price charts, fundamental improvements also support the bullish sentiment. Monero developers are preparing to implement Full-Chain Membership Proofs (FCMP) in 2025, a major network upgrade intended to improve both privacy and the speed of transactions.
This innovation aims to make Monero transactions even harder to track while improving the overall efficiency of the network, a move that could strengthen its reputation as a leading privacy coin in the crypto ecosystem.
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