Monero has made a stunning comeback, climbing 60% in just 30 days. As it breaks out of a long-term pattern and tracks closely with Bitcoin, XMR might be gearing up for an even bigger move.
What’s Powering Monero’s Surge?
XMR broke out of a long-term triangle pattern, reaching levels not seen since May 2021.
The price hit $346.90, rising 60% in a month, and now ranks in the top 25 crypto assets.
A bullish MACD crossover signals positive momentum — similar to what happened before its last all-time high.
$330 million worth of Bitcoin was recently swapped for XMR, driving new demand.
XMR has a strong price correlation with Bitcoin (0.83), meaning BTC movements directly impact its direction.
The 50-day EMA has crossed above the 200-day EMA, a bullish signal traders often look for.
If XMR stays above support and breaks $357.37, the next price targets could be $418.66 or even $500.
However, if Bitcoin stalls, XMR could dip — possibly falling to $258.31 on heavy selling.
What's Next for Monero?
Monero’s rally could be just the beginning — especially if Bitcoin pushes higher. But if BTC cools off, XMR might struggle. For now, momentum and market sentiment favor bulls eyeing the $500 mark.
Don’t miss our in-depth XMR Price Prediction to see key levels, expert analysis, and what could trigger the next major move.
https://coinpedia.org/price-prediction/xmr-monero-price-prediction/
Monero has made a stunning comeback, climbing 60% in just 30 days. As it breaks out of a long-term pattern and tracks closely with Bitcoin, XMR might be gearing up for an even bigger move.
What’s Powering Monero’s Surge?
🔵XMR broke out of a long-term triangle pattern, reaching levels not seen since May 2021.
🔵The price hit $346.90, rising 60% in a month, and now ranks in the top 25 crypto assets.
🔵A bullish MACD crossover signals positive momentum — similar to what happened before its last all-time high.
🔵$330 million worth of Bitcoin was recently swapped for XMR, driving new demand.
🔵XMR has a strong price correlation with Bitcoin (0.83), meaning BTC movements directly impact its direction.
🔵The 50-day EMA has crossed above the 200-day EMA, a bullish signal traders often look for.
🔵If XMR stays above support and breaks $357.37, the next price targets could be $418.66 or even $500.
🔵However, if Bitcoin stalls, XMR could dip — possibly falling to $258.31 on heavy selling.
What's Next for Monero?
Monero’s rally could be just the beginning — especially if Bitcoin pushes higher. But if BTC cools off, XMR might struggle. For now, momentum and market sentiment favor bulls eyeing the $500 mark.
Don’t miss our in-depth XMR Price Prediction to see key levels, expert analysis, and what could trigger the next major move.👇👇
https://coinpedia.org/price-prediction/xmr-monero-price-prediction/