Monero price rises as crypto slips, futures open interest hits $70M

Monero gained while broader crypto markets declined, supported by a pickup in leveraged futures activity and a bullish crossover on its daily chart.

Open interest in Monero futures rose about 10% over the past 24 hours to roughly $70 million, up from around $55 million a week earlier. Open interest reflects the value of outstanding futures contracts and tends to rise when traders add positions around expected price swings.

The token recently traded near $419.20. That price is about 22.7% below its all-time high of $542.30 set nearly eight years ago, and more than double its level since the start of the year.

Technical readings leaned positive. A golden cross formed as the 50-day simple moving average moved above the 200-day. The MACD showed a positive crossover, and the Aroon indicator registered an Up reading at 100% and Down at 28.57% on the same timeframe.

The gains came during weakness across digital assets. Within the privacy-coin category, Zcash and Dash rallied in October and early November before retracing. On a weekly basis, most leading privacy tokens were lower, with Monero among the few holding higher levels.

Positioning indicates futures-led demand has been a key driver. Advances driven by perpetual futures can reverse if traders cut exposure and close positions quickly. Market focus remains on whether spot buying follows to support recent price strength.

Monero remains the largest privacy-focused crypto asset by market value. Interest in the segment has picked up since early October, keeping XMR on trading screens while broader crypto benchmarks have struggled.