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Altcoins & DeFi

Monero (XMR), Stellar (XLM), Bitcoin (BTC) and Hyperliquid (HYPE) Price Analysis for October 23: Volatility Is Back, but Market Is Depressed

Image: U.Today

Monero is one of the strongest charts in the market right now. XMR trades near $629 after a daily range between $604 and $656. The coin has more than doubled from its July low near $300, and the trend is still pointing up . The main news is the move above the September peak, which sat near $635. That level stopped the price in mid-September, and now XMR is trading on top of it. A daily close above this area would confirm the breakout. The price also tested $656 during the day and pulled back. That upper wick suggests some sellers are active near this level. It is a small warning, but not a reason to call the trend broken.

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