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Monero Price Prediction: $400 Incoming?

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Monero (XMR) price has recently shown signs of life after a few weeks of muted price action, and its daily chart suggests an interesting setup that could surprise traders this month. Let’s break down the key levels, indicators, and what traders should watch next in this Monero Price prediction article.

Monero Price Prediction: What Does The Daily Chart Reveal?

Monero Price Prediction
XMR/USD Daily Chart- TradingView

On the daily Heikin Ashi chart, XMR price is trading around $322.40, showing a slight gain after bouncing from the recent local low near $300. Notably, the last major uptrend in late April to May took Monero price from approximately $160 to a peak just above $400 — a 150% rally. Using this swing as context, the recent sideways movement between $300 and $330 resembles a consolidation phase after the strong impulse.

Is The RSI Suggesting a New Trend?

Looking at the RSI (14), we see it hovering at 52.66, slightly above the neutral 50 mark. This means the price momentum has shifted from oversold to a more balanced state. During the April surge, RSI pushed past 70, marking a strong overbought rally that corresponded with the breakout.

If RSI continues to climb toward 60–65 while price stays above the $310–$320 range, traders could expect another strong leg up. For context, if RSI gains 10 points in the next 5–7 sessions, that could push Monero price toward a retest of the previous resistance near $360.

Key Levels To Watch: Support And Resistance

The immediate support zone sits around $310–$318. A daily close below this could open a retest of deeper support near $280, which also aligns with the visible gap on the chart. On the upside, the first resistance is $340, followed by the May high at $400.

Let’s do a simple Fibonacci check: Taking the recent high at $400 and low near $280, the 50% retracement lands at $340 — matching our first resistance. If Monero price breaks this level on convincing volume, the next Fibonacci extension targets $420–$440, representing a potential 35% gain from current levels.

Can Monero Price Realistically Reach $400 Again?

Let’s back this with simple math: If Monero price sustains an average daily gain of 2% — similar to its April–May momentum — it would need about 10–12 sessions to reclaim the $400 mark.

Calculation:
Current price: $322
Target: $400
Required increase: $400 – $322 = $78
% increase: $78/$322 ≈ 24%
At 2% per day, 24% would take about 12 days.

This shows that if bulls maintain moderate buying pressure, XMR price can realistically aim for $400 by mid-July.

Monero Price Prediction: Bullish or Bearish?

Based on the Heikin Ashi trend candles, stable RSI recovery, and clear Fibonacci levels, XMR price is poised for a bullish attempt if it holds above $318. A daily close above $340 could open a path to $400, while failure to hold the $310 level might drag it back toward $280.

Traders should watch for confirmation in the RSI crossing above 55–60 and volume expansion to confirm the breakout. Overall, Monero price looks ready to attempt a fresh push higher — but risk management remains key in this volatile range.

Monero’s chart suggests the privacy coin may be warming up for another rally. If momentum holds, $400 is a realistic target for July — but breaking $340 is the first test.

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$XMR, $Monero, $XMRPrice, $MoneroPrice

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