Key Takeaways
- Monero (XMR) price is volatile at press time, with XMR hovering around the $141 mark, indicating a mix of buying and selling pressure within the market.
- Our Monero price prediction suggests a bullish trend, with XMR anticipated to reach $250 by the end of 2024.
- By 2030, Monero’s price may surge to $948, due to acceptance in mainstream and the increasing need for privacy in the digital asset space.
Monero Overview
| Cryptocurrency | Monero |
| Token | XMR |
| Price | $143.60 |
| Market Cap | $2.48 B |
| Trading Volume | $47.42 M |
| Circulating Supply | 18.44 M |
| All-time High | $517.62, Jan 09, 2018 |
| All-time Low | $0.2162, Jan 14, 2015 |
| 24-High | 139.17 |
| 24-Low | 144.00 |
Monero Price Prediction: Technical Analysis
| Volatility | -4.2% |
| Sentiment | Bullish |
| 50-Day SMA | $126.99 |
| 200-Day SMA | $146.96 |
| Price Prediction | $305.05 (115.75%) |
| F & G Index | 18.31 (extreme fear) |
| Green Days | 17/30 (57%) |
| 14-Day RSI | 52.6 |
Monero Price Analysis
XMR breaks above $140 as bulls crush short-term resistances
The Monero price analysis shows that the XMR price action has started to initiate another bullish rally as the price seeks to move towards the $150.00 key level.
The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include XRP and AVAX, recording a 0.66 and a 0.57 percent decline, respectively.
XMR struggles to cross the $144.00 mark
The MACD is currently bearish as expressed in the red colour of the histogram. However, the indicator shows low momentum as observed in the low wheight of the indicator. Furthermore, the lighter shade suggests an increasing bullish momentum across the charts as the average price struggles to stay above the $145.00 mark.
The EMAs are trading far above the mean position as net price movement over the last ten days has been positive. Currently, the EMAs are trading at close to each other showing low bearish momentum at press time. Moreover, the converging EMAs suggest a further increasing bullish pressure as the MACD moves towards a bullish reversal.
The Relative Strength Index (RSI) has been trading in the neutral region for the past seven days as the price volatilty has remained low. At press time, the indicator trades high in the neutral region at 59.73 index level as the average price suggests strong bullish momentum, and the horizontal slope suggests decreasing buying pressure at the current price level.
The Bollinger Bands are wide as the Monero price observes high volatility across the short-term charts. Moreover, as the XMR price prediction suggests a move back to the $150.0 mark, the bands will continue diverging. At press time, the bands’ lower limit provides support at the $140.17 mark, while the upper limit presents a resistance level at the $144.7 mark.
Monero Technical Indicators: Levels And Actions
Daily Simple Moving Average (SMA)
| Name | Value | Action |
|---|---|---|
| SMA (10) | $138.47 | BUY |
| SMA (20) | $135.42 | BUY |
| SMA (30) | $132.18 | BUY |
| SMA (50) | $128.69 | BUY |
| SMA (100) | $131.96 | BUY |
| SMA (200) | $145.95 | SELL |
Daily Exponential Moving Average (EMA)
| Name | Value | Action |
|---|---|---|
| EMA (10) | $138.87 | BUY |
| EMA (20) | $135.81 | BUY |
| EMA (30) | $133.88 | BUY |
| EMA (50) | $132.51 | BUY |
| EMA (100) | $134.62 | BUY |
| EMA (200) | $140.27 | BUY |
What to expect from Monero price analysis
The XMR price chart shows that the Monero market has started another bullish rally after falling to the $117.00 price level. The bulls have recovered the price to above $140 and it appears to continue moving upwards as the bullish market sentiment increases.
Traders should expect XMR to continue its movement above the $140.00 mark as the bulls hold the reins to the asset’s short-term performance. However, a price correction may see XMR retrace to $136.00 but movements lower than that are unlikely given the technical indicators and the market sentiment.
Is Monero a good investment?
Monero is an attractive investment due to its emphasis on privacy and security, utilizing advanced cryptographic techniques to ensure confidentiality in transactions. Its growing adoption across various use cases, coupled with a decentralized development model, enhances its long-term potential. With a limited supply and increasing investor interest, Monero offers a unique opportunity for those seeking financial autonomy and privacy in the cryptocurrency space. However, investors should remain cautious of regulatory risks and market volatility when considering Monero as part of their portfolio.
Recent XMR News/Opinions
Monero recently announced that Cypher Stack will be conducting an extensive review of the proofs required by the network for an efficient transition to implementing FCMP to improve the network’s privacy.
Monero Price Prediction May 2024
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2024 | 116.09 | 143.65 | 144.69 |
XMR price prediction for May 2024 is a minimum value of $116.09 with an average price of $143.65. The price could reach a maximum of $144.69 during the month.
Monero Price Prediction 2024
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2024 | 116.53 | 248.01 | 283.38 |
XMR price prediction for 2024 is a minimum value of $215.85 with an average price of $242.24. The price could reach a maximum of $253.50 during the year.
Monero Price Prediction 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 277.79 | 327.95 | 334.82 |
| 2026 | 382.15 | 423.08 | 471.94 |
| 2027 | 498.42 | 557.47 | 594.18 |
| 2028 | 498.42 | 557.47 | 594.18 |
| 2029 | 615.09 | 689.04 | 708.50 |
| 2030 | 874.03 | 944.43 | 970.58 |
Monero Price Prediction 2025
The Monero price prediction for 2025 anticipates a potential increase in Monero adoption, resulting in a maximum price of $370.27. Based on the analysis, investors can expect an average price of $324.37, while the minimum price could be around $315.44.
Monero Price Prediction 2026
According to the XMR price forecast for 2026, Monero price is anticipated to reach a minimum of $462.92in 2026. The potential maximum XMR price could be $544.71, with an average price of $628.67.
Monero Price Prediction 2027
The XMR price prediction for 2027 will continue rising and exhibit minimum and maximum prices of $660.99 and $806.17 as well as a short-term average price of $684.78.
Monero Price Prediction 2028
The Monero price prediction for 2028 Monero price is expected to reach a minimum of $950.93 in 2028. The maximum expected XMR price is $1,172.25, with an average price of $985.17.
Monero Price Prediction 2029
The XMR price prediction for 2029 expects the price of XMR to reach a minimum of $1,354.70. The XMR price can reach a maximum level of $1,624.18, with an average price of $1,403.95throughout 2029.
Monero Price Prediction 2030
The Monero price prediction for 2030 is predicted to hit a minimum price of $1,989.41and an average price of $2,059.60 throughout the year 2030. The maximum forecasted Monero price is set at $2,372.43.
Monero Price Prediction by Analysts
| Firm | 2024 | 2025 |
| Coincodex | $ 222.54 | $421.64 |
| DigitalCoinPrice | 248.01 | $531.58 |
Cryptopolitan’s Monero (XMR) Price Prediction
At Cryptopolitan, we are bullish on Monero’s future price as the market sentiment is extremely impressive. By the end of 2024, Monero might record a maximum price of $283.38, with a minimum price of $116.53 and an average price of $248.01.
We expect Monero’s price to reach a high of $283.38 by the end of 2024
Monero Historic Price Sentiment
- Monero’s market value has changed dramatically since its launch in 2014, going from being worth less than $1 to over $475.
- May 2021 marked the highest point in Monero’s history. Monero’s price projections brought the security of the coin to light. They provide investors with optimism that they will be freed from the persecution of some authorities simply by buying or selling Monero.
- Across 2023, Monero’s price rose by 11.49%. The highest price of XMR last year was $278.56, and the lowest price was $114.16.
- In 2024, Monero fell to the $115.00 mark before regaining its bullish momentum to rise to the $140.00 price level where it currently hovers.
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