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 $330 by the end of 2024.
- XMR could reach a maximum price of $790 by the end of 2027.
- By 2030, Monero’s price may surge to $1290.
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 is constantly evolving, 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
| Cryptocurrency | Monero |
| Token | XMR |
| Price | $172.14 |
| Market Cap | $3,134,728,635 |
| Trading Volume 24-h | $57,435,311 |
| Circulating Supply | 18,446,744 XMR |
| All-time High | $517.62 May 07, 2021 |
| All-time Low | $0.213, Jan 15, 2015 |
| 24 High | $173.20 |
| 24 Low | $166.84 |
Monero price prediction: Technical analysis
| Volatility | -2.84% |
| Sentiment | Bullish |
| 50-Day SMA | $154.69 |
| 200-Day SMA | $145.14 |
| Price Prediction | $365.02 (112.05%) |
| F & G Index | 13.85 (extreme fear) |
| Green Days | 15/30 (50%) |
| 14-Day RSI | 36.57 |
Monero price analysis: XMR crashes to $155 as bulls fail to hold key support levels
TL: DR Breakdown
- Monero price analysis shows a steady bullish trend
- The XMR coin has risen by over 2.80% at the time of writing
- Monero prices have sought support and resistance at $160 and $170, respectively.
The Monero price analysis shows that the XMR price action has broken from the consolidating channel as XMR crashes to the $155.0 mark. The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include TAO and ONDO, recording a 5.07 and a 5.02 percent decline, respectively.
Monero price analysis 1-day chart: XMR falls to $155 as bears crush short-term supports
The 24-hour XMR/USD price chart indicates a upward trend in the market as prices move toward the $170.00 level. The lack of bullish support between $170 and $155 suggests strong bearish activity across the short-term markets that may dictate price action across the mid-term charts.
The Indicators reflect the bullish price sentiment as all three major technical indicators show signs of a bulllish crossover. The MACD is bearish at -0.81 units moving towards a bullish crossover, while the EMAs are above the mean position and their gradient becoming positive as the price level stabilizes. The RSI also shares this sentiment as the indicator rose to 56.70 from above the 40.00 index level. The converging Bollinger Bands suggest lower volatility indicating that the $160.00 support may hold for the week.
Monero price analysis 4-hour chart
The 4-hour price chart of Monero shows a 12-day consolidation followed by a breakdown to trade around the $155 mark from the $175.00 price level. The price movement was followed by a steady recovery back towards the $170 mark. The movement indicates sudden increase of buying pressure with the selling died down across the markets.
The RSI was trading at 69.05, suggesting that the asset is in at the edge of the neutral zone, which might indicate potential for a short-term stumble. However, the indicator is now back in the neutral zone at 59.05 suggesting the bullish trend may continue. The MACD shows a bearish crossover with the MACD line at 0.21 showing strong a shift towards bearish dominance across the 4-hour charts. These indicators collectively issue a mixed signal.
Monero technical indicators: Levels and actions
Daily simple moving average (SMA)
| Name | Value | Action |
|---|---|---|
| SMA (10) | $164.45 | BUY |
| SMA (20) | $169.24 | SELL |
| SMA (30) | $165.90 | SELL |
| SMA (50) | $154.69 | BUY |
| SMA (100) | $141.01 | BUY |
| SMA (200) | $145.14 | BUY |
Daily exponential moving average (EMA)
| Name | Value | Action |
|---|---|---|
| EMA (10) | $165.59 | SELL |
| EMA (20) | $165.00 | BUY |
| EMA (30) | $162.41 | BUY |
| EMA (50) | $156.71 | BUY |
| EMA (100) | $149.25 | BUY |
| EMA (200) | $147.16 | BUY |
What to expect from Monero price analysis?
Monero price analysis shows bullish sentiment taking shape with no signs of an imminent rebound. The bulls have crushed the short-term resistance held by the bears for most of June and as the price enters the $170 level, the $160 provides a secure foothold for short-term movements.
As such, trades can expect the bullish rally to continue towards the $200 mark. However, a quick correction may see XMR retrace to $165.00, but movements higher than that are unlikely, given the technical indicators and the market sentiment.
Why is XMR up?
Monero is currently recovering from a fall to the $155 mark after a recent network upgrade. As the market stabilized, the bulls gained enough momentum to charge back towards the $170 mark where they currently trade.
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 to invest in cryptocurrency. However, investors should remain cautious of regulatory risks and market volatility when considering Monero as part of their portfolio.
Will XMR recover to its all time high?
Monero is expected to recover towards its all-time high of $518 by mid 2026 as the privacy chain continues to reduce its tech debt and progresses towards 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 see it 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 for 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?
While Monero (XMR) has potential for a strong long-term future due to its focus on privacy and security, making it attractive for users seeking anonymity. However, regulatory scrutiny and notoriety from being the favored medium for some past criminals makes it challenging to become the star of the market. Overall, Monero’s commitment to privacy gives it a solid foundation for long-term growth, but it must navigate market and regulatory landscapes carefully.
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.”
Monero price prediction July 2024
XMR price prediction for July 2024 is a minimum value of $151.37 with an average price of $172.14. The price could reacha maximum of $206.47 during the month.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| July | $151.37 | 172.14 | 206.47 |
Monero price prediction 2024
XMR price prediction for 2024 is a minimum value of $154.84 with an average price of $329.54. The price could reach a maximum of $376.53 during the year.
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2024 | 154.84 | 329.54 | 376.53 |
Monero price prediction 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 369.11 | 435.76 | 444.89 |
| 2026 | 507.78 | 562.17 | 627.09 |
| 2027 | 662.27 | 740.73 | 789.51 |
| 2028 | 662.27 | 740.73 | 789.51 |
| 2029 | 817.3 | 915.55 | 941.41 |
| 2030 | 1161.36 | 1254.9 | 1289.66 |
Monero price prediction 2025
The Monero price prediction for 2025 anticipates a potential increase in price of Monero upon adoption, resulting in a maximum price of $444.89. Based on the analysis, investors can expect an average price of $435.76, while the minimum price could be around $369.11.
Monero price prediction 2026
According to the XMR price forecast for 2026, Monero price is anticipated to reach a minimum average trading price of $507.78 in 2026. The potential maximum XMR price could be $627.09, with an average price of $562.17.
Monero price prediction 2027
The XMR price prediction for 2027 will continue rising and exhibit minimum and maximum prices of $662.27 and $789.51 as well as a short-term average price of $740.73.
Monero price prediction 2028
Monero price is expected to reach a minimum of $662.27 in 2028. The maximum expected XMR price is $789.51, with an average price of $740.73.
Monero price prediction 2029
The XMR price prediction for 2029 expects the price of XMR to reach a minimum of $817.30. The XMR price can reach a maximum level of $941.41, with an average price of $915.55 throughout 2029.
Monero price prediction 2030
The Monero price prediction for 2030 suggests a minimum monero price forecast, of $1,161.36 and an average price of $1,254.90. The maximum forecasted Monero price is set at $1,289.66.
Monero market price prediction: Analysts’ XMR price forecast
| Firm | 2024 | 2025 |
| Coingecko | $420.93 | $568.19 |
| Digitalcoinprice | $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 $349.68, a minimum price of $144.15, and an average price of $306.90 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.
Monero price history; Source: Coinmarketcap
- 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.
- 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 is trading around the $170 mark.
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