Monero ($XMR) exhibits strong bullish signs, targeting $1,000 after breaking a long downtrend, while the $EV2 presale attracts growing investor interest in Web3 gaming.

Monero is experiencing a market spotlight with traders anticipating a shift to more than 1,000, after a verified breakout of a several-month decline.

The asset with a privacy focus is currently trading at approximately $380.92, after reaching a high of $480, as indicated in a chart shared by @DonaldsTrades on TradingView.

As the chart shows above, there is a transition from a prolonged descending channel, which lasted from May 2025 to October 2025, to a strong upward trend.

During this stage, $XMR was recording low highs and lows, which is an expected pattern during a long period of consolidation.

Then the breakout came in early October, with the price surging to around $450 in just a few days. The new price was backed by sustained, increasing trading volume.

More forensically, the coin stabilized around the $380-$390 price area, and has short-term support at $350-$370. The next major resistance is at $480-$500, which is a crucial area for traders.

A verified upward move may pave the way for the $550-580 range, with a long-term optimistic forecast extending up to $1,000.

Open Interest in $XMR Futures Reaches Yearly Highs

Data from Coinglass indicates that Monero’s open interest in futures markets has climbed to $72.53 million, the highest in over a year. At the same time, XMR’s price stands at $368.21, reflecting growing participation and speculative demand.

Open interest has increased considerably between February 2024 and November 2025, reaching to above $70 million from below $20 million – the asset steadily recovering its price and market cap. The rise indicates the growth in the leveraged markets, with traders betting on further volatility.

In 2024, $XMR was trading between $150 and $220, and then surged above $300 by mid-2025. The existing price-open interest relationship indicates a strong uptrend.

Still, traders are also keeping a keen eye on the possibility of cooling off in case speculative exposure gets too high. Resistance is evident at $440-$450, and support may be found at levels around $300-$320, which could mark the next directional phase.

$EV2 Token Presale for Sci-Fi Web3 Game

Parallel to Monero’s price momentum, gaming studio Funtico has launched the public presale for its $EV2 token, tied to its upcoming multiplayer title Earth Version 2 ($EV2). The presale allocates 40% of the total 2.88 billion token supply to early participants. Purchases can be made using ETH, USDT, USDC, BTC, BNB, SOL, SUPER, or a credit card.

The $EV2 token will operate as the in-game currency for upgrades, item crafting, and marketplace trading. While the token sale itself is conducted on Ethereum for accessibility, the game will not launch on Ethereum due to scalability limitations.

Instead, Funtico aims to deploy on a high-performance network, more suited for gaming workloads.

Earth Version 2 combines MMO and shooter gameplay set on a newly discovered planet. Players can choose from five unique classes and compete in large-scale combat.

A standout feature, Fracture, pits 25 players in a free-for-all battle to collect color-coded cubes that reveal a relic. Once obtained, the relic bearer becomes visible to all, triggering a five-minute survival chase.

The full game and token generation event are scheduled for Q2 2026, with earlier community testing and partnerships planned for Q1. $EV2 will be available on PC through Funtico, Steam, and the Epic Games Store, with console support to follow.

$EV2 Presale:

Telegram: https://t.me/EV2_Official

Twitter/X: https://x.com/EV2_Official