Monero is a privacy-centered cryptocurrency that has been gaining in popularity over the past few years. The coin’s unique features, including its focus on anonymity and decentralization, have made it one of the most sought-after coins in the market.
The xmr price prediction 2025 is a question that asks what the future holds for Monero. If you are looking to invest in Monero, it may be best to wait until 2024.
- The range of bullish XMR price predictions is $230 to $496.
- The price of XMR may potentially hit $500.
- For the year 2024, the pessimistic market price forecast for XMR is $189.
We utilize data, price trends, ADX, and other information about XMR to evaluate the cryptocurrency’s future movement in XMR price forecast 2024.
Monero (XMR) is an open-source cryptocurrency that focuses on anonymity. It was founded in 2014. Its blockchain is opaque, which masks the addresses used by users, making transaction information and amounts anonymous.
Investors may mine Monero using their own CPUs, eliminating the need for expensive gear. Monero’s mining method is built on the egalitarian principle that all people are equal and deserve equal chances.
Monero’s Current Market Situation (XMR)
At the time of writing, the price of XMR was $193.27, with a 24-hour trading volume of $134,183,792 according to Coingecko. In the past 24 hours, however, XMR has fallen to 4.96 percent.
Furthermore, there are 17,955,723 XMR in circulation. XMR is currently traded on Binance, ZBG, OKEx, Huobi Global, and TOKENCAN, among other cryptocurrency exchanges.
Price Prediction for Monero (XMR) in 2024
On CoinGecko, Monero (XMR) is now ranked 28th. The price of XMR in 2024 is forecasted using a daily time period, as shown below.
Descending Triangle Pattern in XMR/USDT (Source: Tradingview)
Descending Triangle Pattern in XMR/USDT (Source: Tradingview)During downtrends, the descending triangle is most frequently observed and is generally taken as a negative indicator. In the descending triangle pattern, the rising triangle pattern is reversed.
Descending triangles signal to investors and traders that selling are more aggressive than buyers as the market continues to reach lower highs. The pattern is complete when the price breaks out of the triangle in the direction of the general trend.
A descending triangle may be bullish or negative, contrary to common perception. A regular descending triangle pattern is considered a bearish chart pattern in the past. On the other side, a descending triangle pattern may be bullish.
XMR is now trading at $193.27. Following that, XMR may continue to decline or increase, depending on the breakout direction. With this pattern, XMR has a better chance of reaching the $320 resistance level shortly. If the trend continues, the price of XMR may drop below $189.
Support and Resistance Levels for Monero (XMR)
Monero’s support and resistance levels are shown in the graph below (XMR).
Support and Resistance Levels for XMR/USDT (Source: Trading view)
According to the aforementioned chart, the resistance and support levels for XMR are as follows.
- Level 1 Resistance – $230
- $283 – Level 2 Resistance
- $345 for Level 3 Resistance
- $412 – Level 4 Resistance
- $496 – Level 5 Resistance
- $189 for Level 1 Support
- $149 for Level 2 Support
- Level 3 Support – $124
The graph shows XMR’s negative performance over the past month. This trend, however, will shortly hit the $320 resistance level. If the trend were to reverse, XMR might fall below $189, signaling a negative indication.
Average Directional Index for Monero (XMR) (ADX)
Let’s take a look at the Average Directional Index for XMR (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of XMR is shown above, with a range of 25.97, which shows a strong trend.
Conclusion
XMR is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakout direction is verified, the XMR price forecast will be bearish or bullish. This year, though, it has a strong probability of hitting $320. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the improvements and enhancements to the XMRecosystem, XMR’s performance is expected to increase to $320 in the near future. However, if investors think that XMR is a solid investment in 2024, it might reach $500.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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Monero is a cryptocurrency that has been around for quite some time. The price of the coin has seen a lot of ups and downs, but it seems like we are finally seeing an uptrend. Reference: monero price prediction 2030.
Frequently Asked Questions
Is XMR a good investment 2024?
How much is Monero worth in 2025?
Monero is worth $1.00 in 2025.
How much will Monero be worth?
Monero is a cryptocurrency that is currently worth $1.
