Bull Run Intensifies for Monero, Supported by XMR-BTC Price Chart Trends

Monero Outshines Bitcoin as XMR-BTC Chart Signals Emerging Bullish Trend

Monero (XMR), the privacy-centric cryptocurrency, has significantly outperformed Bitcoin (BTC) so far this year, boasting an 86% increase compared to Bitcoin’s modest 12% gain.

The XMR-BTC price ratio on Poloniex recently hit its highest point since January 2024, confirming a bullish breakout from a classic “double-bottom” chart pattern on the weekly timeframe. This pattern, characterized by two near-equal lows followed by a breakout above a resistance level (the neckline), suggests a shift from bearish to bullish momentum.

With the ratio pushing above the neckline resistance, it signals that Monero’s relative strength against Bitcoin is gaining traction. Moreover, the pair’s move above the Ichimoku cloud indicator reinforces the emerging uptrend.

However, caution remains warranted, as a drop back below the previous resistance level—now acting as support—could invalidate the bullish setup.

Monero’s strong performance highlights growing investor interest in privacy tokens, marking a notable divergence from Bitcoin’s more subdued price action this year.