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.
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
XMR - Trend Prediction
XMR - Price Volatility Prediction
XMR - Relative Strength
XMR - Momentum Forecast
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.