Monero (XMR) Price Prediction 2024, 2025-2030
- Bullish XMR price prediction for 2024 is $137.7 to $205.9.
- Monero (XMR) price might reach $150 soon.
- Bearish XMR price prediction for 2024 is $71.9 .
In this Monero (XMR) price prediction 2024, 2025-2030, we will analyze the price patterns of XMR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
MONERO (XMR) PRICE PREDICTION 2024 |
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| MONERO (XMR) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Monero (XMR) Current Market Status
| Current Price | $128.55 | 24 Hour Price Change | 8.13% down |
| 24 Hour Trading Volume | $378,117,057 |
| Market Cap | $2,367,591,022 |
| Circulating Supply | 18,394,556 XMR | All Time High | $517.62 (On May 08, 2021) |
| All Time Low | $0.213 (On jan 15, 2015) |
What is Monero (XMR)
| TICKER | XMR |
| BLOCKCHAIN | Monero blockchain |
| CATEGORY | Public blockchain platform |
| LAUNCHED ON | April 2014 |
| UTILITIES | Governance, Fast Transactions, gas fees & rewards |
Monero cryptocurrency (XMR) was established in 2014, which is open-source and focuses on privacy. Its blockchain is opaque, which makes transaction details and amounts anonymous by masking the addresses used by participants.
Investors can mine Monero using their own CPUs, which means they dont need to pay for special hardware. The mining process for Monero is based on an egalitarian concept where all are equal and deserve equal opportunities.
Monero 24H Technicals
(Source: TradingView)
Monero (XMR) Price Prediction 2024
Monero (XMR) ranks 25th on CoinMarketCap in terms of its market capitalization. The overview of the Monero price prediction for 2024 is explained below with a daily time frame.
XMR/USDT Triple Bottom Pattern (Source: TradingView)
In the above chart, Monero (XMR) exhibits a Triple Bottom pattern. This pattern typically signifies a reversal from a downtrend to an uptrend in the market. The Triple Bottom is characterized by three consecutive lows at approximately the same level, indicating a strong support area.
If the price breaks out above the resistance level formed by the peaks between the troughs, it suggests a confirmation of the pattern and a potential bullish continuation.
At the time of analysis, the price of Monero (XMR) was recorded at $128.55. If the pattern trend continues, then the price of XMR might reach the resistance levels of $178.8 and $324.0. If the trend reverses, then the price of XMR may fall to the support of $136.1 , and $99.7.
Monero (XMR) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Monero (XMR) in 2024.
XMR/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Monero (XMR) for 2024.
| Resistance Level 1 | $137.7 |
| Resistance Level 2 | $205.9 |
| Support Level 1 | $97.3 |
| Support Level 2 | $71.9 |
XMR Resistance & Support Levels
Monero (XMR) Price Prediction 2024 RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (XMR) are shown in the chart below.
XMR/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Monero (XMR) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = 159.6 Price = $128.55 (50MA>Price) | Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 37.4 <30 = Oversold 50-70 = Neutral >70 = Overbought | Oversold |
| Relative Volume (RVOL) | Assets trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Monero (XMR) Price Prediction 2024 ADX, RVI
In the below chart, we analyze the strength and volatility of Monero (XMR) using the following technical analysis indicators Average Directional Index (ADX) and Relative Volatility Index (RVI).
XMR/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Monero (XMR).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 29.8 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 52.62 <50 = Low >50 = High | High volatility |
Comparison of XMR with BTC, ETH
Let us now compare the price movements of Monero (XMR) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs XMR Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of XMR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of XMR also increases or decreases respectively.
Monero (XMR) Price Prediction 2024, 2025 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Monero (XMR) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Monero (XMR) Price Prediction 2024 | $252 | $108 |
| Monero (XMR) Price Prediction 2025 | $264 | $110 |
| Monero (XMR) Price Prediction 2026 | $276 | $115 |
| Monero (XMR) Price Prediction 2027 | $288 | $119 |
| Monero (XMR) Price Prediction 2028 | $290 | $123 |
| Monero (XMR) Price Prediction 2029 | $302 | $125 |
| Monero (XMR) Price Prediction 2030 | $314 | $129 |
Conclusion
If Monero (XMR) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Monero (XMR) price prediction for 2024 is $205.6. Comparatively, if unfavorable sentiment is triggered, the bearish Monero (XMR) price prediction for 2024 is $104.7.
If the market momentum and investors sentiment positively elevate, then Monero (XMR) might hit $250. Furthermore, with future upgrades and advancements in the Monero ecosystem, XMR might surpass its current all-time high (ATH) of $517.62. and mark its new ATH.
FAQ
1. What is Monero (XMR)?
Monero is a privacy-centric cryptocurrency based on the CryptoNote protocol, which is a secure, private and undetectable currency system.
2. Where can you buy Monero (XMR)?
Traders can trade Monero (XMR) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, Bybit, and Bitrue.
3. Will Monero (XMR) record a new ATH soon?
With the ongoing developments and upgrades within the Monero platform, Monero (XMR) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Monero (XMR)?
Monero (XMR) hit its current all-time high (ATH) of $517.62 on May 08, 2021.
5. What is the lowest price of Monero (XMR)?
According to CoinMarketCap, XMR hit its all-time low (ATL) of $0.213 On Jan 15, 2015.
6. Will Monero (XMR) hit $250?
If Monero (XMR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $250 soon.
7. What will be the Monero (XMR) price by 2024?
Monero (XMR) price might reach $205.9 by 2024.
8. What will be the Monero (XMR) price by 2025?
Monero (XMR) price might reach $264 by 2025.
9. What will be the Monero (XMR) price by 2026?
Monero (XMR) price might reach $276 by 2026.
10. What will be the Monero (XMR) price by 2027?
Monero (XMR) price might reach $288 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the authors. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/monero-xmr-price-prediction/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
