Monero price holds above resistance as hashrate nears record
Published on 11/04/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMonero clears a key resistance cluster
- Monero closed Tuesday at 629.86 USD, up 4.27 percent, according to The Crypto Basic.
- Investing.com displayed XMR at 620.620 USD at 15:37:13 Berlin time on November 4, 2026.
- Recent reporting placed Monero's network hashrate at 7.06 GH/s, or 93.6 percent of its 7.54 GH/s record.
- Three mining pools accounted for about 60 percent of network computing power in data cited by Coinotag.
Monero price remains above the main levels reclaimed in Tuesday's session, but the network's strengthening security profile comes with a decentralization concern. The combination gives investors a mixed picture: market momentum has improved, while mining activity is concentrated among a small number of pools.
Breakout holds above resistance
According to The Crypto Basic, XMR closed Tuesday at 629.86 USD, gaining 4.27 percent after trading between 602.20 USD and 636.90 USD. The close moved above prior resistance levels at 609.88 USD, 614.90 USD and 618.56 USD. The same analysis said the latest quoted price of 624.94 USD remained above that reclaimed cluster, but identified 636.90 USD to 638.87 USD as the next resistance zone.
Investing.com showed Monero at 620.620 USD at 15:37:13 Berlin time on November 4, 2026. The page listed a 602.283 USD to 631.422 USD daily range, 152.34 million USD in 24-hour volume and a market capitalization of 11.74 billion USD. Those figures are a live market snapshot rather than a verified UTC daily close.
Hashrate nears the network record
The network backdrop is stronger than it was during a typical price-only rally. Coinotag reported that Monero's hashrate reached 7.06 GH/s on Tuesday, equal to 93.6 percent of the 7.54 GH/s record set on January 16. Higher hashrate generally raises the computing cost of attempting to rewrite the chain, although it does not remove all operational or governance risks.
Concentration remains the counterweight
Coinotag also cited October 26 pool data showing SupportXMR at 26.3 percent, NanoPool at 17.3 percent and Criptex at 16.4 percent of total hashrate. Together, those pools represented about 60 percent of network computing power. Pool concentration is not the same as ownership of all mining hardware, because individual miners can change pools, but it remains an important decentralization metric.
For investors, the current setup is therefore not a simple bullish signal. Monero price has held above the first reclaimed levels, and near-record hashrate indicates substantial mining participation. A sustained move above 636.90 USD to 638.87 USD would improve the technical structure in the cited analysis, while a move back below 614.90 USD would weaken it. The key longer-term question is whether rising security capacity can broaden beyond the largest pools.
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