Monero price prediction remains bullish for 2024, 2025, and 2026. It suggests new highs, as well as outperformance from the XMR crypto, are possible in the coming years.
Monero price formed a strong base near $140.00 and slowly began to recover by forming higher high swings.
XMR price’s breakout of the $160 hurdle with a high buying volume indicates that buyers are returning to the track. The recent upmove looks reliable and the price is likely to hold the higher levels.
Monero price sustains above both 50-day and 200-day EMA; showcasing an uptrend. Furthermore, the 50-day EMA positively intersected with the 200-day EMA denoting a golden crossover. It triggered the positive sentiment and fueled the further rally.
Previously, in mid-July, XMR price attempted to break out of the $170.00 hurdle. Sadly, buyers lost the momentum and the price reverted down.
At present, after three months of struggling, the Monero crypto price gave another attempt to break the $170.00 hurdle. XMR price has formed a bullish hammer candle for five consecutive sessions. It denotes that buyers are aggressive and likely to win the battle.
Monero Price Looks Undervalued; Bull Run Possible in 2024?
Monero price prediction for 2024 favors the bulls and suggests a significant rise may be visible.
XMR crypto price is in the recovery phase and buyers are trying their best to hit new YTD highs. This crypto looks highly undervalued and cheap at current levels. So, the crypto whales and long-term investors seem to be silently accumulating from the lower levels.
Monero Price Prediction 2024, 2025, 2026 — Correction in 2026?
In 2024, Monero price prediction says it may hit a potential high of $240.00 and the expected average price is $200.00. On the lower side, $150.00 may act as a good support and short-term correction may get absorbed.
In 2025, Monero price prediction tells investors that bulls will lead the rally and the $300.00 level is achievable. The analysis suggests a potential high may be near $325.00 and the average price is expected to be near $240.00.
In 2026, Monero price prediction suggests a short-term correction may come which may drag the price toward $200.00. However, by the end of 2026, bulls may return to track and recover the losses.
Conclusion
Monero price prediction for 2024, 2025, and 2026 is discussed above. At present, XMR price is preparing for the $170.00 breakout. If the buyers succeed, then XMR crypto will begin the journey to reach $200.00.
Technical Levels
- Resistance levels: $187.40 and $210.60
- Support levels: $154.00 and $135.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/11/03/monero-price-prediction-2024-2026-will-xmr-price-fly-above-240/