Key takeaways
- Monero price prediction suggests a bullish trend, with XMR anticipated to reach $342.72 by the end of 2024.
- XMR could reach a maximum price of $718.61 by the end of 2027.
- By 2030, Monero’s price may surge to $1,173.84.
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 constantly evolves, 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?
Overview
| Cryptocurrency | Monero |
| Token | XMR |
| Price | $159.36 |
| Market Cap | $2.94B |
| Trading Volume 24-h | $77.21M |
| Circulating Supply | 18.45M XMR |
| All-time High | $517.62 May 07, 2021 |
| All-time Low | $0.213, Jan 15, 2015 |
| 24-h High | $166.36 |
| 24-h Low | $157.38 |
Monero price prediction: Technical analysis
| Current Price | $159.20 |
| Sentiment | Neutral |
| 50-Day SMA | $153.00 |
| 200-Day SMA | $154.92 |
| Price Prediction | $344.33 (116.29%) |
| F & G Index | 18.80 (extreme fear) |
| Green Days | 14/30 (47%) |
| 14-Day RSI | 52.67 |
Monero price analysis
TL;DR Breakdown
- Monero price analysis falls below $160 as bears crush higher supports.
- The XMR coin has fallen by over 1.60% at the time of writing.
- Monero prices have sought support and resistance at $158 and $160, respectively.
The Monero price analysis for today, November 11, shows high volatility as XMR falls below the $160.00 mark as bears fight to take market control. The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Players like CRO and DOGE recording a 26.2 and a 23.8 percent incline, respectively.
Monero price analysis 1-day chart: XMR rises to $160 as bulls find support at $136
The 24-hour XMR/USD price chart indicated a bullish trend in the market as prices moved toward $160.00. The bulls made a strong charge at the $175 mark; however, the price was rejected at the level and fell back to $135. In recent days, the price has risen to $161 as bullish pressure increased but fell back to $159.
The Indicators reflect the bullish price sentiment, as all three major technical indicators show positive signs. The MACD is bullish at 0.21 units, moving towards the red region with a steady slope, while the EMAs are also around the mean position, and their gradient turns negative as the price rises. The RSI also shares this sentiment, rising to around the 50.30 index level from the 60.00 mark, showing room for further upward movement in the short term. The converging Bollinger Bands suggest higher volatility, indicating that the $160.00 resistance may hold for the week.
Monero price analysis 4-hour chart
The 4-hour price chart of Monero shows a downwards channel forming from the $166 price level.
The RSI is at 42.71, suggesting that the asset is near the center of the neutral region. The MACD, at -0.54, shows bearish dominance across the 4-hour charts, which has decreased with recent candles. The sentiment is further supported by the EMAs, which show an upward slope. These indicators collectively indicate a bearish trend forming at the current price level.
Monero technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value | Action |
|---|---|---|
| SMA 3 | $ 152.00 | BUY |
| SMA 5 | $ 152.53 | BUY |
| SMA 10 | $ 151.95 | BUY |
| SMA 21 | $ 152.82 | SELL |
| SMA 50 | $ 153.39 | SELL |
| SMA 100 | $ 158.06 | SELL |
| SMA 200 | $ 150.78 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
|---|---|---|
| EMA 3 | $ 152.02 | BUY |
| EMA 5 | $ 151.66 | BUY |
| EMA 10 | $ 151.15 | BUY |
| EMA 21 | $ 152.54 | BUY |
| EMA 50 | $ 156.73 | SELL |
| EMA 100 | $ 157.72 | SELL |
| EMA 200 | $ 155.52 | SELL |
What to expect from Monero price analysis?
Monero price analysis shows XMR has been in a bullish rally since early October. Despite the flash crash a few days ago, the bulls quickly bought the dip to recover the asset’s price back above the $150.00 mark. The bulls have crushed the short-term resistances held by the bears, and as the price enters the $160 level, the $155 provides a secure foothold for short-term movements.
As such, traders can expect the price to halt its bullish rally as the buying pressure decreases. As such, the price can be expected to hover around the $160 price level across the next few days. However, the bulls need to guard the $155 and the $150 key support level to prevent a fall to the $130 level.
Is Monero a good investment?
Monero is an attractive investment because it emphasizes privacy and security, utilizing advanced cryptographic techniques to ensure transaction confidentiality. 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.
Why is XMR up?
As bulls found support at $136, XMR made a swift recovery back to the $162 price level.
Will XMR recover to its all-time high?
Monero is expected to recover toward its all-time high of $518 by mid-2026 as the privacy chain continues to reduce its tech debt and progresses toward 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 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 of 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?
Monero (XMR) has the potential for a strong long-term future due to its focus on privacy and security, which makes it attractive to users seeking anonymity. However, regulatory scrutiny and notoriety from being the favored medium for some past criminals make it challenging to become the star of the market. Monero’s commitment to privacy gives it a solid foundation for long-term growth, but it must carefully navigate market and regulatory landscapes.
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.”
- In an X post, Nano-GPT announced the addition of Monero as a payment method
Monero price prediction November 2024
The XMR price prediction for November 2024 suggests a minimum value of $132.29 and an average price of $149.92. The price could reach a maximum of $247.58 during the month.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| November | 132.29 | 149.92 | 247.58 |
Monero price prediction 2024
The XMR price prediction for 2024 suggests a minimum value of $140.93 with an average price of $299.95. The price could reach a maximum of $342.72 during the year.
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $140.93 | $299.95 | $342.72 |
Monero price prediction 2025-2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $335.96 | $396.63 | $404.93 |
| 2026 | $462.18 | $511.68 | $570.77 |
| 2027 | $602.79 | $674.21 | $718.61 |
| 2028 | $602.79 | $674.21 | $718.61 |
| 2029 | $743.90 | $833.33 | $856.87 |
| 2030 | $1,057.06 | $1,142.20 | $1,173.84 |
Monero Price Prediction 2025
The Monero price prediction for 2025 anticipates a potential increase in the price of Monero upon adoption, resulting in a maximum price of $404.93. Based on the analysis, investors can expect an average price of $396.63, while the minimum price could be around $335.96.
Monero Price Prediction 2026
According to the XMR price forecast for 2026, Monero’s price is anticipated to reach a minimum average trading price of $462.18. The potential maximum XMR price could be $570.77, with an average price of $511.68.
Monero Price Prediction 2027
The XMR price prediction for 2027 will continue rising and exhibit minimum and maximum prices of $602.79 and $718.61, as well as a short-term average price of $674.21.
Monero Price Prediction 2028
Monero’s price is expected to reach a minimum of $602.79 in 2028. The maximum expected XMR price is $718.61, with an average price of $674.21.
Monero Price Prediction 2029
The XMR price prediction for 2029 expects XMR to reach a minimum of $743.90. The XMR price can reach a maximum level of $856.87, with an average price of $833.33 throughout 2029.
Monero Price Prediction 2030
The Monero price prediction for 2030 suggests a minimum forecast of $1,057.06 and an average of $1,142.20. The maximum forecasted price is set at $1,173.84
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 $342.72, a minimum price of $140.93, and an average price of $299.95 at the end of 2024.
Monero historic price sentiment
- Monero’s market value has changed dramatically since its launch in 2014, from less than $1 to over $475.
- May 2021 marked the highest point in Monero’s history. Monero’s price projections revealed the coin’s security. 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 was $278.56, and the lowest 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 crashed 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 $150.00 to $120.00, where it found key support.
- In May 2024, XMR observed steady bullish pressure as the price rose from $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 traded around the $155 mark as the price volatility remained relatively low. XMR opened trading at $156.05 in August and ended the month at $176.00 making remarkable gains.
- September was bearish for the asset as the price declined below the $160 mark by the month’s end. In October, Monero observed a steep crash and has been making a swift recovery since then.
