Monero price prediction 2024-2030: Should you buy XMR now?
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Key Takeaways
- Monero price prediction suggests a bullish trend, with XMR anticipated to reach $290 by the end of 2024.
- XMR could reach a maximum price of $694.70 by the end of 2027.
- By 2030, Monero’s price may surge to $1,104.
Monero Overview
| Cryptocurrency | Monero |
| Token | XMR |
| Price | 167.92 |
| Market Cap | $3,097,943,140 |
| Circulating Supply | 18,446,744 XMR |
| Trading Volume 24h | $49,676,027 |
| All-time High | $517.62, Jan 09, 2018 |
| All-time Low | $0.2162, Jan 14, 2015 |
| 24-High | 172.19 |
| 24-Low | 167.99 |
Monero Price Prediction: Technical Analysis
| Volatility | +0.60% |
| Sentiment | Bullish |
| 50-Day SMA | $146.46 |
| 200-Day SMA | $145.54 |
| Price Prediction June 30 | $368.18 |
| F & G Index | 31.75 (fear) |
| Green Days | 16/30 (54%) |
| 14-Day RSI | 56.19 |
Monero Price Analysis: XMR struggles to break past $180
The Monero price analysis shows that the XMR price action continues to consolidate around the $175.00 mark as either side struggles to achieve a breakthrough.
The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include NEAR and ICP, recording a 9.11 and a 5.17 percent incline, respectively.
XMR sticks around $175
The MACD is currently bullish, as expressed in the green color of the histogram. However, the indicator has just observed a bullish crossover and shows little bullish momentum at press time. Moreover, the indicator’s lighter shade suggests that the MACD may observe a bearish crossover in the short-term.
The EMAs are trading close to the mean position as net price movement over the last ten days remains low. Currently, the EMAs are trading close to each other showing low momentum at press time. Moreover, the converging EMAs suggest a decreasing bullish momentum.
The RSI has returned to the center of the neutral region as the price action returns to the $175.00 level. At press time, the indicator trades below the mean at the 45.17 index level as the price suggests low pressure from either side of the market while the downwards slope suggests bearish activity across the markets.
The Bollinger Bands are currently expanding as the price action increases volatility across the short-term charts. Moreover, the bands will continue converging as the price consolidates around the $175.00 mark. At press time, the bands’ lower limit provides support at the $165.98 mark while the upper limit presents a resistance level at the $176.46 mark.
Monero Technical Indicators: Levels And Actions
Daily Simple Moving Average (SMA)
| Name | Value | Action |
|---|---|---|
| SMA (10) | $146.28 | BUY |
| SMA (20) | $141.55 | BUY |
| SMA (30) | $138.37 | BUY |
| SMA (50) | $131.64 | BUY |
| SMA (100) | $134.04 | BUY |
| SMA (200) | $145.19 | BUY |
Daily Exponential Moving Average (EMA)
| Name | Value | Action |
|---|---|---|
| EMA (10) | $147.30 | BUY |
| EMA (20) | $142.72 | BUY |
| EMA (30) | $139.71 | BUY |
| EMA (50) | $136.67 | BUY |
| EMA (100) | $136.52 | BUY |
| EMA (200) | $140.81 | BUY |
What to expect from Monero price analysis
The XMR price chart shows that the Monero is bullish. The bulls have pushed the price above $175.00 where the bulls find strong resistance from the bears. Traders should expect XMR to continue moving around the $175. 00 mark as either side struggles to generate momentum to make a breakthrough. As such price should be expected to trade between the $165 and the $185 mark.
However, a price correction may see XMR retrace to $155.00, 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 because it emphasizes privacy and security, utilizing advanced cryptographic techniques to ensure confidentiality in transactions. 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 in cryptocurrency. However, investors should remain cautious of regulatory risks and market volatility when considering Monero as part of their portfolio.
Recent XMR News/Opinions
Dr. Bradley Rauch, granting an interview at the 2024 Libertarian National Convention says:
“It (Monero) sounds like something that we need. It would be very beneficial in order to maintain freedom and liberty and reduce the possibility for government to interfere with our lives.”
Monero Price Prediction June 2024
XMR price prediction for June 2024 is a minimum value of $134.44 with an average price of $143.65. The price could reach a maximum of $181.68 during the month.
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| Monero Price Prediction June 2024 | 134.44 | 143.65 | 181.68 |
Monero Price Prediction 2024
XMR price prediction for 2024 is a minimum value of $116.53 with an average price of $289.97. The price could reach a maximum of $331.32 during the year.
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| Monero Price Prediction 2024 | 136.24 | 289.97 | 331.32 |
Monero Price Prediction 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 324.79 | 383.44 | 391.46 |
| 2026 | 446.8 | 494.66 | 551.78 |
| 2027 | 582.74 | 651.78 | 694.7 |
| 2028 | 582.74 | 651.78 | 694.7 |
| 2029 | 719.15 | 805.6 | 828.36 |
| 2030 | 1,021.89 | 1,104.21 | 1,134.79 |
Monero Price Prediction 2025
The Monero price prediction for 2025 anticipates a potential increase in Monero adoption, resulting in a maximum price of $391.46. Based on the analysis, investors can expect an average price of $383.44, while the minimum price could be around $324.79.
Monero Price Prediction 2026
According to the XMR price forecast for 2026, Monero price is anticipated to reach a minimum of $446.80 in 2026. The potential maximum XMR price could be $551.78, with an average price of $494.66.
Monero Price Prediction 2027
The XMR price prediction for 2027 will continue rising and exhibit minimum and maximum prices of $582.74 and $694.70 as well as a short-term average price of $651.78.
Monero Price Prediction 2028
Monero price is expected to reach a minimum of $582.74 in 2028. The maximum expected XMR price is $694.70, with an average price of $651.78.
Monero Price Prediction 2029
The XMR price prediction for 2029 expects the price of XMR to reach a minimum of $719.15. The XMR price can reach a maximum level of $828.36, with an average price of $805.60 throughout 2029.
Monero Price Prediction 2030
The Monero price prediction for 2030 suggests a minimum price of $1,021.89 and an average price of $1,104.21. The maximum forecasted Monero price is set at $1,134.79.
Monero Market Price Prediction: Analysts’ XMR Price Forecast
| Firm | 2024 | 2025 |
| Coincodex | $165.38 | $995.60 |
| DigitalCoinPrice | $289.97 | $383.44 |
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 $250, a minimum price of $120.54 and an average price of $175.90 at 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 level was $278.56, and the lowest price 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 saw a crash 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 the $150.00 to the $120.00 mark where it found key support.
- In May 2024, XMR observed steady bullish pressure as the price rose from the $120.00 approaching resistance at $150.
- At the time of writing, June 6 2024, Monero (XMR) is trading within the $160 – $165 price range.
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