Monero Price Prediction: 2024, 2025, 2030 (2024)

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

XMR price prediction: Key highlights

1. Primary support and resistance levels

• $174 was recorded as the highest resistance for XMR on the weekly chart.
• Meanwhile,$102 can likely be the lowest price floor.

2. Market sentiment

• As of May 2024, the overall market sentiment is seen to bebearish.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of XMR is projected to be around$854 in 2028, with a future increase to more than$3,176 in 2032.

Gain expert insights onXMRthrough a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

XMR technical analysis: Bullish rebound likely as bearish hold weakens

The weekly price chart of XMR over the past year presents a complex narrative of resistance challenges, significant volatility, and tentative recoveries, culminating in a cautiousMonero price prediction for 2024.

As the analysis commenced, XMR wasanchored above the$148 level. A downtrend soon emerged, leading to a significant drop below this level by mid-May. This downturn continued into June, when the price further plunged, reaching as low as$127.

By mid-June, a robust bullish rally took shape, propelling the price back above the$148 mark. This recovery aimed to test the peak resistance level at$174, but the rally was short-lived as bearish forces regained control. This resulted in another substantial fall, and by mid-August, XMR had once again descended below the$148threshold.

In September, thebulls reasserted themselves, enabling XMR to recover and eventually reach the peak resistance of$174 by mid-October. This level wastested repeatedly till the end of 2023.

However, as the new year began, the scenario changed drastically. A strong bearishpullback occurred, sending XMR tumbling below the$148 level once more. Attempts by the bulls to rally toward the$174 level were met with resistance and ultimately proved unsuccessful.

February 2024 saw a significant escalation in bearish momentum, pushing the price below the lowest support at$116. Despite this decline, a recovery was noted during mid-month, with the asset briefly touching$135 and eventually surging to slightly cross the critical$148 level by late February.

Thereappearance of bearish forces in March caused the price to decline again to the$135 level. The selling pressure intensified, and by April, XMR had not only revisited the$127 level but also dipped below the$116 support.

Towards mid-April, a slight bullish movement helped XMR to recover somewhat, allowing the cryptocurrency to climb above the$127 mark. At the time of writing, it was trading at$132, showing a modestrecovery from its recent lows.

XMR’s short-term future seems to bepositive. According toCoinMarketCap, XMR’s value had spiked by almost9% over the past week. Monero is currently working on some major projects that may shape the future of the asset. One such project is theHaveno exchange— a non-custodialdecentralized exchange (DEX) platform that will cater to crypto and fiat currencies built on Tor and Monero. It is also working on other significant developments, such as increasing ring size above100, enabling Monero-Ethereum atomic swaps, and more.

With such promising developments in sight, there is a possibility thatbuying pressure will increase, and XMR may witness a bullish takeover. In this case, XMR may break past its current resistance at$135 to surge higher and touch the critical$148 in a few weeks. A sustained bullish momentum may even bring back$174 on the cards for the asset within a couple of months.

However, if thebearish dominance continues to grow, XMR may decline below its current support. In a few weeks, the asset may revisit its lowest support at$116. Furthermore, by the year's second half, XMR may plunge even lower to reclaim the$102 level.

Our AI/ML predictive models project anoptimistic trajectory for thealtcoin’s value in the long run. According to these forecasts, the average price will likely reach$854 in 2028. This is expected to be followed by a significant increase to$3,176 in 2032. It underscores a bullish outlook for XMR, reflecting strong growth expectations and increased adoption.

XMR's 2024 roadmap: Key indicators to watch and trade

• The trading volume remained significantly low until late January. As February began, the volumeincreased significantly, keeping up with the drastic price actions.
• At press time, the volume was slightly lower than its recent high, but it did not plunge to its initial lows.
• Until the end of January, theAwesome Oscillator (AO) underwent significant fluctuations. It began its journey from thepositive territory but fell below the neutral line by June. Although it recovered in July, another fall was witnessed in August that lasted until mid-October.
• By late October, theAOrecovered again, reaching its highest value at14.59 by the end of the year. However, late January saw the indicator dipping below the neutral line again, with significantly higher values. At press time, the AO stood at-24.38, indicating the presence of abearish momentum in the market.
• Until the end of 2023, theOn-Balance Volume (OBV)stagnated, with not many fluctuations noted during this period.
• However, 2024 began with a sharp spike inOBV, reaching the highest value at1.46 million. This was followed by a series of sharp rises and falls, with the net OBV moving downward. The sharpest plunge was observed in mid-April, leading to the lowest OBV value at-1.25 million.
• The OBV spiked again after this dip, shooting back to the positive territory. It stood at352,807at press time, indicating alack of buyer interest in the asset.

Monero's Short Term Price Prediction

Monero price prediction 9 September 2024: Monero's price for 9 September 2024 according to our analysis should range between $159.15 to $183.10 and the average price of XMR should be around $171.12.

Monero price prediction 10 September 2024: Monero's price for 10 September 2024 according to our analysis should range between $159.79 to $183.84 and the average price of XMR should be around $171.82.

Monero price prediction 11 September 2024: Monero's price for 11 September 2024 according to our analysis should range between $160.49 to $184.65 and the average price of XMR should be around $172.57.

Monero price prediction 12 September 2024: Monero's price for 12 September 2024 according to our analysis should range between $161.09 to $185.34 and the average price of XMR should be around $173.22.

Monero price prediction 17 September 2024: Monero's price for 17 September 2024 according to our analysis should range between $164.31 to $189.04 and the average price of XMR should be around $176.67.

Monero price prediction 22 September 2024: Monero's price for 22 September 2024 according to our analysis should range between $167.62 to $192.86 and the average price of XMR should be around $180.24.

Monero price prediction 2 October 2024: Monero's price for 2 October 2024 according to our analysis should range between $174.04 to $200.24 and the average price of XMR should be around $187.14.

Monero price prediction November 2024: Monero's price for November 2024 according to our analysis should range between $177.76 to $204.52 and the average price of XMR should be around $191.14.

Monero price prediction December 2024: Monero's price for December 2024 according to our analysis should range between $179.69 to $206.74 and the average price of XMR should be around $193.21.

Monero's Long Term Price Prediction

Monero’s long term Price Prediction below is a look at XMR’s future prospect with regards to price. Monero was last seen at $172.30, with a market cap of $3,178,161,062 and trading volumes of $50,864,839. XMR’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

Monero price prediction 2024: Monero's price for 2024 according to our analysis should range between $156.23 to $234.34 and the average price of XMR should be around $195.28.

Monero price prediction 2025: Monero's price for 2025 according to our analysis should range between $178.66 to $268.00 and the average price of XMR should be around $223.33.

Monero price prediction 2026: Monero's price for 2026 according to our analysis should range between $197.68 to $296.52 and the average price of XMR should be around $247.10.

Monero price prediction 2027: Monero's price for 2027 according to our analysis should range between $254.68 to $382.01 and the average price of XMR should be around $318.35.

Monero price prediction 2028: Monero's price for 2028 according to our analysis should range between $254.30 to $381.46 and the average price of XMR should be around $317.88.

Monero price prediction 2029: Monero's price for 2029 according to our analysis should range between $271.24 to $406.86 and the average price of XMR should be around $339.05.

Monero price prediction 2030: Monero's price for 2030 according to our analysis should range between $353.22 to $529.83 and the average price of XMR should be around $441.53.

Monero price prediction 2031: Monero's price for 2031 according to our analysis should range between $457.63 to $686.45 and the average price of XMR should be around $572.04.

Monero price prediction 2032: Monero's price for 2032 according to our analysis should range between $407.27 to $610.91 and the average price of XMR should be around $509.09.

Monero price prediction 2033: Monero's price for 2033 according to our analysis should range between $609.54 to $914.31 and the average price of XMR should be around $761.93.

Monero price prediction 2034: Monero's price for 2034 according to our analysis should range between $588.96 to $883.44 and the average price of XMR should be around $736.20.

Monero price prediction 2035: Monero's price for 2035 according to our analysis should range between $573.64 to $860.47 and the average price of XMR should be around $717.06.

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Monero’s current price is $172.30 and witnessed a -1.24% decrease in the past 24 hours. XMR/BTC pair saw a -2.69% decrease in the past 24 hours

Investing in Monero, XMR will purely depend on your personal risk appetite. As you can see over the past 24 hours Monero’s price has witnessed a -1.24% decrease and over the past 30 days Monero has increase by 13.91%. So it all depends on if this investment will hit your trading goals.

According to our latest Monero Price prediction for 2024, XMR should vary between $234.34 and $156.23. Please keep in mind that the crypto market is very volatile and this Monero price prediction does not account for extreme wild swings in price.

As per the Monero price prediction 2024 model above, XMR’s price for September 2024 should range between $156.23 to $234.34 with the average price for September being $195.28

According to the Monero Price Prediction model above, XMR’s price in 2025 would be $223.33. This price would however would range from $268.00 and $178.66.

According to the Monero Price Prediction model above, XMR’s price in 2026 would be $247.10. This price would however would range from $296.52 and $197.68.

According to the Monero Price Prediction model above, XMR’s price in 2027 would be $318.35. This price would however would range from $382.01 and $254.68.

According to the Monero Price Prediction model above, XMR’s price in 2028 would be $317.88. This price would however would range from $381.46 and $254.30.

According to the Monero Price Prediction model above, XMR’s price in 2029 would be $339.05. This price would however would range from $406.86 and $271.24.

According to the Monero Price Prediction model above, XMR’s price in 2030 would be $441.53. This price would however would range from $529.83 and $353.22.

According to the Monero Price Prediction model above, XMR’s price in 2031 would be $572.04. This price would however would range from $686.45 and $457.63.

According to the Monero Price Prediction model above, XMR’s price in 2032 would be $509.09. This price would however would range from $610.91 and $407.27.

According to the Monero Price Prediction model above, XMR’s price in 2033 would be $761.93. This price would however would range from $914.31 and $609.54.

According to the Monero Price Prediction model above, XMR’s price in 2034 would be $736.20. This price would however would range from $883.44 and $588.96.

According to the Monero Price Prediction model above, XMR’s price in 2035 would be $717.06. This price would however would range from $860.47 and $573.64.

The highest price for Monero was recorded in 9 January 2018 during which XMR hit an All Time High of $542.33

The price of 1 Monero according to current market rate is $172.30