Key takeaways
Monero price prediction suggests a bullish trend, with XMR anticipated to reach $327.93 by the end of 2024.
XMR could reach a maximum price of $687.60 by the end of 2027.
By 2030, Monero’s price may surge to $1,123.18.
Monero (XMR) stands out in the cryptocurrency space for its strong focus on privacy and decentralization of transactions. This makes it a popular choice for privacy advocates and those prioritizing security. The Monero ecosystem constantly evolves, marked by significant milestones like enhanced protocol upgrades and growing adoption across various sectors, which underscore its utility.
As Monero continues to progress, many wonder about its future price trajectory. Will its unique features drive significant value growth? Can it sustain its competitive edge in the ever-evolving crypto market? Will XMR recapture its ATH at $517.62?
Monero overview
CryptocurrencyMoneroTokenXMRPrice$145.93Market Cap$2.69BTrading Volume 24-h$50.21MCirculating Supply50.21M XMRAll-time High$517.62 May 07, 2021All-time Low$0.213, Jan 15, 201524-h High$148.5924-h Low$144.05
Monero price prediction: Technical analysis
Volatility-1.71%Sentiment Bearish50-Day SMA $164.81200-Day SMA $150.91Price Prediction$307.83 (110.84%)F & G Index 50.42 (greed)Green Days 14/30 (47%)14-Day RSI 23.44
Monero price analysis
TL;DR Breakdown
Monero price analysis falls to $148 as bears crush higher supports
The XMR coin has fallen by over 1.50% at the time of writing.
Monero prices have sought support and resistance at $145 and $150, respectively.
The Monero price analysis for today, October 7, shows high volatility as XMR falls below the $160.00 mark as bears take market control. The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Players like SUI and APT recorded a 15.56 and a 5.13 percent incline, respectively.
Monero price analysis 1-day chart: XMR falls below $150 as bears push strongly
The 24-hour XMR/USD price chart indicated a bullish trend in the market as prices moved toward $160.00. The bulls made a strong charge at the $175 mark; however, the price was rejected at the level and fell back to $140. In recent days, the price has risen to $148 as bullish pressure increased.
Solana (SOL) price rises to $148
The Indicators reflect the bullish price sentiment, as all three major technical indicators show positive signs. The MACD is slightly bearish at -1.33 units, moving higher in the green region with a steady slope, while the EMAs are also above the mean position, and their gradient turns negative as the price rises. The RSI also shares this sentiment, rising to around the 38.61 index level from the 50.00 mark, showing room for further downward movement in the short term. The diverging Bollinger Bands suggest higher volatility, indicating that the $148.00 support may not hold for the week.
Monero price analysis 4-hour chart
The 4-hour price chart of Monero shows a 7-day consolidation broken by a rise to the $178.00 mark. The rise was followed immediately by a drop to $140 before the bulls started a recovery back towards the $150 level.
Solana (SOL) price struggles below $150
The RSI is at 45.78, suggesting that the asset is in the center of the neutral region. The MACD, at -0.46, shows bearish dominance across the 4-hour charts, which has decreased with recent candles. The sentiment is further supported by the EMAs, which show a upwards slope. These indicators collectively indicate a bullish trend forming at the current price level.
Monero technical indicators: Levels and actions
Daily simple moving average (SMA)
PeriodValueActionSMA 3$ 148.50SELLSMA 5$ 144.41BUYSMA 10$ 149.49SELLSMA 21$ 161.76SELLSMA 50$ 165.34SELLSMA 100$ 160.67SELLSMA 200$ 153.06SELL
Daily exponential moving average (EMA)
PeriodValueActionEMA 3$ 160.26SELLEMA 5$ 161.38SELLEMA 10$ 159.76SELLEMA 21$ 157.62SELLEMA 50$ 157.14SELLEMA 100$ 154.83SELLEMA 200$ 151.83SELL
What to expect from Monero price analysis?
4-hour price chart by Tradingview
Monero price analysis shows XMR has been in a bullish rally since early July. Despite the flash crash a few days ago, the bulls quickly bought the dip to recover the asset’s price back above the $140.00 mark. The bulls have crushed the short-term resistances held by the bears, and as the price enters the $148 level, the $145 provides a secure foothold for short-term movements.
As such, trades can expect the price to halt its bearish rally as the selling pressure decreases. However, the bulls need to guard the $145 and the $140 key support level to prevent a fall to the $120 level.
Is Monero a good investment?
Monero is an attractive investment because it emphasizes privacy and security, utilizing advanced cryptographic techniques to ensure transaction confidentiality. Its growing adoption across various use cases and a decentralized development model enhance its long-term potential. With a limited supply and increasing investor interest, Monero offers a unique opportunity for those seeking financial autonomy and privacy to invest in cryptocurrency. However, investors should remain cautious of regulatory risks and market volatility when considering Monero as part of their portfolio.
Why is XMR down?
After failing to cross past the $156 mark, XMR succumbed to the bearish pressure and the price fell below the $150.00 mark where it currently trades.
Will XMR recover to its all time high?
Monero is expected to recover toward its all-time high of $518 by mid-2026 as the privacy chain continues to reduce its tech debt and progresses toward greater utility and privacy. However, the platform might have to overcome regulatory scrutiny and challenges before it can see mass adoption.
Will XMR reach $200?
Monero is experiencing a steady bullish rally that may reach the $200 mark before the year closes.
Will XMR reach $1000?
The chance of Monero (XMR) hitting $1,000 hinges on various factors. Adoption of privacy transactions and technological advances could increase demand. Favorable regulations and market sentiment toward privacy coins would also help. Yet, regulatory risks, competition, and market volatility are challenges. $1,000 is possible with favorable conditions, but market dynamics and regulations will shape its path.
Does XMR have a good long-term future?
Monero (XMR) has the potential for a strong long-term future due to its focus on privacy and security, which makes it attractive to users seeking anonymity. However, regulatory scrutiny and notoriety from being the favored medium for some past criminals make it challenging to become the star of the market. Monero’s commitment to privacy gives it a solid foundation for long-term growth, but it must carefully navigate market and regulatory landscapes.
Recent news/opinion on Monero
Justin Ehrenhofer, granting an interview to Coindesk, says:
“One thing that keeps coming up is that privacy is always a battle – you always have people that are getting better and better about tracing… So privacy needs to keep getting better and better. The tools need to keep getting better and better. You can’t just stand still because if you stand still you become obsolete.”
In an X post it was announced that Keystone Hardware Wallet has started working on integrating support for Monero on its hardware wallet.
Monero price prediction October 2024
The XMR price prediction for October 2024 suggests a minimum value of $132.29 and an average price of $149.92. The price could reach a maximum of $247.58 during the month.
MonthMinimum Price ($)Average Price ($)Maximum Price ($)October132.29149.92247.58
Monero price prediction 2024
XMR price prediction for 2024 suggests a minimum value of $134.85 with an average price of $287.00. The price could reach a maximum of $327.93 during the year.
YearMinimum Price ($)Average Price ($)Maximum Price ($)2024134.85287.00327.93
Monero price prediction 2025-2030
Year ($)Minimum Price ($)Average Price ($)Maximum Price ($)2025321.47379.51387.462026442.23489.60546.142027576.78645.11687.602028576.78645.11687.602029711.80797.37819.8920301011.441092.911123.18
Monero Price Prediction 2025
The Monero price prediction for 2025 anticipates a potential increase in the price of Monero upon adoption, resulting in a maximum price of $387.46. Based on the analysis, investors can expect an average price of $379.51, while the minimum price could be around $321.47.
Monero Price Prediction 2026
According to the XMR price forecast for 2026, Monero’s price is anticipated to reach a minimum average trading price of $442.23 in 2026. The potential maximum XMR price could be $546.14, with an average price of $489.60.
Monero Price Prediction 2027
The XMR price prediction for 2027 will continue rising and exhibit minimum and maximum prices of $576.78 and $687.60, as well as a short-term average price of $645.11.
Monero Price Prediction 2028
Monero’s price is expected to reach a minimum of $576.78 in 2028. The maximum expected XMR price is $687.60, with an average price of $645.11.
Monero Price Prediction 2029
The XMR price prediction for 2029 expects XMR to reach a minimum of $711.80. The XMR price can reach a maximum level of $819.89, with an average price of $797.37 throughout 2029.
Monero Price Prediction 2030
The Monero price prediction for 2030 suggests a minimum forecast of $1,011.44 and an average of $1,092.91. The maximum forecasted price is set at $1,123.18.
Monero market price prediction: Analysts’ XMR price forecast
Firm20242025Coingecko$420.93$568.19Digitalcoinprice$329.54$435.76
Cryptopolitan’s Monero (XMR) price prediction
Cryptopolitan’s XMR price prediction proposes a bullish outlook for Monero’s future price should the market recover soon. According to our expert analysis, XMR might record a maximum price of $376.76, a minimum price of $154.93, and an average price of $329.74 at the end of 2024.
Monero historic price sentiment
Monero’s market value has changed dramatically since its launch in 2014, from less than $1 to over $475.
May 2021 marked the highest point in Monero’s history. Monero’s price projections revealed the coin’s security. They provide investors with optimism that they will be freed from the persecution of some authorities simply by buying or selling Monero.
Monero price history; Source: Coinmarketcap
Across 2023, Monero’s price rose by 11.49%. The highest price was $278.56, and the lowest was $114.16.
In January 2024, Monero stayed stable around the $150.00 mark as market momentum remained low. However, the stability was short-lived as February crashed to $101.95. However, XMR showed swift recovery as it closed the month near the $150.00 level again.
In March and April 2024, XMR saw a steady decline from $150.00 to $120.00, where it found key support.
In May 2024, XMR observed steady bullish pressure as the price rose from $120.00, approaching resistance at $150.
In June 2024, Monero (XMR) traded within the $150 – $175 price range as either side struggled to make a clear breakthrough. In July, the crypto traded around the $155 mark as the price volatility remained relatively low. XMR opened trading at $156.05 in August and ended the month at $176.00 making remarkable gains.
September was bearish for the asset as the price declined below the $160 mark by the month’s end. In October, Monero observed a steep crash and has been making a swift recovery since then.
This articles is written by : Fady Askharoun Samy Askharoun
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