Monero (XMR) has returned to the $600 price region as futures traders rebuild positions, with analysts watching whether the privacy-focused cryptocurrency can break above resistance or retreat toward $570.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to Santiment Intelligence, Monero futures open interest closed October 20 at $198 million, below its September peak, even as the number of outstanding contracts measured in XMR climbed during the preceding five days.<\/p>\n Santiment\u2019s October 21 analysis challenged claims that Monero futures open interest had reached a record high.<\/p>\n Its data placed the October 20 closing figure at $198 million, compared with $208.8 million on September 5. The latest reading ranked fifth among daily closes over the preceding 12 months.<\/p>\n Measured in XMR instead of dollars, open interest stood at approximately 329,000 coins on October 20. That remained below the roughly 402,000 XMR recorded on September 2.<\/p>\n <\/p>\n The distinction matters when comparing derivatives activity across different periods. Dollar-denominated open interest changes with both contract positioning and the underlying cryptocurrency\u2019s price, while coin-denominated figures provide another measure of outstanding exposure.<\/p>\n Between October 15 and October 20, Santiment recorded approximately 22% growth in coin-denominated open interest, accompanied by a 9% rise in Monero\u2019s price.<\/p>\n Is $XMR<\/a> futures open interest at a record? Not on Santiment\u2019s data.<\/p>\n \ud83d\udcca Open interest closed Oct 20 at $198.0M, below the Sep 5 daily close of $208.8M and only the fifth-highest daily close of the past year. \u2014 Santiment Intelligence (@SantimentData) October 21, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n The simultaneous gains indicate that traders were rebuilding futures positions during the recovery, although aggregate open interest does not establish whether buyers or sellers controlled the new positions.<\/p>\n Funding rates presented a different picture from late September.<\/p>\n Santiment found that the seven-day average funding rate reached approximately 2.7 times its June 23\u2013October 13 reference average during September 28\u2013October 4.<\/p>\n During October 14\u201320, the same measure cooled to approximately 0.9 times that reference average, even as outstanding futures positions grew.<\/p>\n The figures indicate that leverage recovered without funding returning to the elevated levels observed at the beginning of October.<\/p>\n Crypto analyst Ali Martinez identified<\/a> a possible ascending triangle on Monero\u2019s hourly chart in an October 20 technical assessment.<\/p>\n The analyst placed resistance near $602, arguing that an hourly close above the level could confirm a breakout toward $630.<\/p>\n At the October 21 price of $595.93, reaching $630 would represent a gain of approximately 5.7%.<\/p>\n However, another analyst, Crypto With Gopal, identified<\/a> a competing bearish formation on Monero\u2019s 15-minute chart.<\/p>\n The analyst described a head-and-shoulders pattern following rejection near $625, with the neckline around $575. A sustained breakdown beneath that support could expose $520, according to the assessment.<\/p>\n The two forecasts examine different chart intervals. Martinez\u2019s bullish setup uses hourly candles, while Gopal\u2019s bearish formation uses 15-minute price action.<\/p>\n Both identify $600 as an important level, although their confirmation conditions differ.<\/p>\n Crypto Rover separately suggested that Monero was approaching a breakout from a three-year price formation. The analyst\u2019s commentary did not provide a confirmed breakout level or measured price target.<\/p>\n Monero traded between $570.44 and $625.37 during the preceding 24 hours, according<\/a> to crypto.news market data.<\/p>\n On the daily chart, Monero was trading near $597.90, recording a modest session decline after recovering considerably from its July price levels.<\/p>\n The cryptocurrency has maintained a sequence of higher highs and higher lows since July, when XMR traded around $320.<\/p>\n Its recent advance brought prices close to $600, where resistance extends toward $620. A sustained daily close above $620 could put $650 into focus as the next technical target.<\/p>\n Failure to recover $600 would leave immediate support around $570, followed by the 540\u2013550 area. The $500 level remains a more distant downside reference if selling continues.<\/p>\n The Aroon Oscillator, using a 14-period setting, stood at 35.71 after recovering from negative territory. The positive reading indicates improving trend strength, although it remains below levels seen during stronger advances.<\/p>\n Monero\u2019s Accumulation\/Distribution indicator registered approximately -243,040. Its recent upward movement suggests improving buying pressure, but the indicator remains negative.<\/p>\n At the October 21 snapshot, XMR had fallen 3.05% over 24 hours to $595.93, despite recording a weekly gain of 6.18%.<\/p>\n Daily trading volume stood near $204.2 million, while Monero\u2019s market capitalization reached approximately $11.22 billion, placing it 13th among cryptocurrencies.<\/p>\n Monero developers released version 0.18.5.4 of the Fluorine Fermi software on October 16, introducing corrections to network and software interfaces.<\/p>\n According to the official release notes<\/a>, the update fixes DNSSEC validation involving checkpoints, blocklists and update checks.<\/p>\n\n
Monero futures open interest rebounds without reaching record levels<\/strong><\/h2>\n
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\ud83e\udded Counted in coins, about 329K XMR was open on Oct 20 vs about 402K on\u2026 pic.twitter.com\/3Zdlfpw9Th<\/a><\/p>\nXMR price faces $602 breakout level as analysts watch $630<\/strong><\/h2>\n
Monero price analysis shows resistance between $600 and $620<\/strong><\/h2>\n
![\"Monero](\"https:\/\/media.crypto.news\/2026\/10\/image-121-1024x627.webp\")
Monero developers release Fluorine Fermi maintenance update<\/strong><\/h2>\n