11631

Monero Wallet Freeze-Flag Fix Enters Review | Price Around $604, Not a Rally on News of the Upgrade | I’m Waiting for Confirmation Above $610

I’m cautiously bullish, but I’m not treating a development proposal as a rally catalyst. On October 27, a new wallet proposal, #11631, was added to Monero’s official code repository. It aims to preserve users’ output freeze flags during chain reorganizations and lightweight rescans. The code change would remember the public key associated with an output when it is temporarily removed, then restore the freeze status if the output is found during a rescan; the record would be cleared when the user manually unfreezes it. The page still shows “Open” and has “needs review” and “needs rebase” labels. Although one reviewer has expressed support, that does not mean the code has been merged, an official release has been published, or users’ wallets have already received the fix automatically. The primary source is PR #11631 in monero-project/monero; check the repository for the current status.

This is different from an exchange listing or ETF flows: it directly affects the reliability of wallet operations. Users often freeze an output to temporarily prevent it from being spent. If the flag is lost after a reorganization or rescan, the wallet’s display may no longer match the user’s expectations. The proposal’s practical benefits can only be assessed after it has been tested, merged, and included in an official release. XMR’s long-term credibility could benefit, but this PR alone does not imply new buying today, much less mean that the network has been attacked. The market response that can currently be verified is also muted: when I checked XMR/USD on Kraken, the latest trade was around $604.39, slightly above its $597 opening price for the day, with an intraday range of $584.80 to $611.77. The price move and the PR occurring at the same time are not enough to establish a causal link.

The key levels I’m watching are the $610–$612 intraday-high area, and below that, the $597 opening price and the low near $585. If the price briefly spikes above $612 but then falls back below $600, that would show the breakout hasn’t held. A drop below $585 would invalidate my current bullish view. The FOMC meeting is also a hot topic, but the Federal Reserve has not yet announced its decision this time around, so we can’t write as if a rate cut has already happened. Macroeconomic volatility could overshadow the development news.

If I were trading this myself, I wouldn’t chase the price here. I’d only consider a small spot long, capped at 2% of my total capital. My entry trigger would be a one-hour close holding above $612, followed by a pullback that continues to hold $610; otherwise, I’d stay flat. After entry, my first target would be $625, where I’d reduce the position by half; my second target would be $640, where I’d scale out of the remaining position. I’d place a stop below $597. If the price closes below $597 or the proposal is withdrawn, I’d exit early. I wouldn’t use leverage to amplify exposure to development news that has not yet been implemented. These are conditional plans only: if the triggers aren’t met, no trade has been made and there are no returns to review.

#XMR
The above is solely my personal market observation and does not constitute investment advice.