$121.08
+ $1.45 (1.21%)
End-of-day quote: 2022-10-18
XMR/USD

Is Monero currently in an uptrend?

According to analysts, the answer is no. Since May 5, 2022, Monero has been on a long-term downswing, decreasing in value by -41.39 percent. The 200-day moving average is currently 34.73 percent less than the current price, 24.03 percent less than the 100-day moving average, and 20.79% lower than the 50-day moving average.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The Monero Forecast for 2023

The one-year forecast is generally seen as the most accurate.

Some analysts were optimistic, predicting a 12-month price target of $140.36. Others were much less optimistic, with an anticipated price of $106.45.

The most recent average price target for the following year is $121.35, which is the most crucial number.

This indicates that Monero may rise by 0.22% over the next year.

XMR - Relative Strength Forecast

Monero broke through the 25 strength line from above on and then changed into a trend, which thereby generated sell signals that lasted one month.

XMR - Trend Prediction

XMR - Price Volatility Prediction

XMR - Relative Strength

XMR - Momentum Forecast

In we then see weak volatility for Monero for a longer period of time which led to negative signals for Monero.

The Future of Monero In 2025-2030

The future of Monero looks bright according to two analysts who predict that the cryptocurrency will reach $121.88 by March 2025. In five years, the price of Monero is expected to be $122.42, and by 2030, it is anticipated to reach $123.23.