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Xmrusd

Is XMRUSDT About to Explode? Key Levels to WatchYello, Paradisers! The recent ABC correction on #XMR has officially wrapped up, ending with a textbook Ending Diagonal pattern. And you know what that usually means: a reversal is cooking, and the bulls might just be sharpening their horns for a comeback. 💎The current resistance zone sits between $325 and $330, and this level will be the first real test for the bulls. If momentum is strong enough, price could see an immediate breakout. However, there’s also a high chance this area forms a classic inverse head and shoulders pattern first, a setup that would give us an even stronger confirmation of reversal once the neckline breaks above $330. This is where smart money will be watching closely. 💎Once #XMRUSDT manages to break through $330 with convincing volume, the next upside target becomes $360 to $370. This isn’t just another resistance level, it aligns with the 50% and 61.8% Fibonacci retracement, making it a high-confluence zone. Expect strong profit-taking activity here, which could trigger volatility or short-term pullbacks 💎On the downside, moderate support exists between $300 and $305, which should act as a buffer against short-term pressure. It’s likely to hold unless broader market sentiment shifts sharply. Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
His name is Monero- Despite numerous attempts by various projects to create private coins or tokens, none have succeeded meaningfully. - Monero is the Bitcoin of the darknet. They can delist it or try to kill it, but Monero is here to stay. - With rising concerns over privacy and the inevitable push toward CBDCs, the next bullish cycle could drive XMR to a new ATH, $1,000 is a realistic target, not a fantasy. - Everything you need is in the chart. This is not financial advice, buy only when you believe the time is right. Happy Tr4Ding !
KRAKEN:XMRUSDLong
by thecryer
2
Case for Monero ContinuesTL;DR: Monero is used as a currency giving it a relatively stable value during all seasons There has been and will continue to be large transfers of Bitcoin to Monero creating supply shocks and XMRUSD RIPs I have been heavily focused on sharing my bull case for Monero for over two years now. That made for a very disturbing morning on February 4th, 2024 when I woke up to see KRAKEN:XMRUSD down more than -30%. My first thought was, "oh no... someone cracked its privacy!" Then I read the details; it had been delisted from Binance for "being impossible for government to track and therefor banned in many countries." So... Monero was actually "working as intended." Buy! There are only 3-4 cryptocurrencies that matters to me: Bitcoin, Monero, and which wins between Ethereum/Solana. These cryptocurrencies represent the established use cases thus far respectively in Store of Value, Currency, and Smart Contracts. I have been writing about Monero for several years now relating my observations about its uses, price performance, and future predictions. Recent events have proven my thesis to be accurate and I am confident will continue to be. Performance versus Bitcoin: One criticism of observing recent or past outperformance of BITFINEX:XMRBTC is "zoom out bro" where the full decade plus price trend it noted. This is undeniable. However, one should remember the investing adage: "past performance is not indicative of future results." One should also not be ignorant of the facts leading to extended periods of outperformance and what they mean for future market conditions. During the crypto winter of 2022 Monero outperformed Bitcoin as a product of Monero holding its value, presumably because of its continued use as a medium of exchange (currency), while Bitcoin fell precipitously. The same outperformance happened again when Bitcoin had a less dramatic decline in value during 2024. Again, Monero maintained a relatively stable valuation. Year to Date as a product of Monero's prior stability and the catalyst event (I will talk about later) have driven a period of outperformance yet again. Store of Value Bitcoin's use case as a Store of Value is well established. Prior to the last Halvening event Bitcoin was actually MORE inflationary than Monero. Now the inflation rate for Bitcoin and Monero is 0.83% and 1.7% respectively. Monero has an inflation rate known as a "tail emission." The inflation rate actually declines over time as the amount of new Monero being added (432,000 annually) is fixed. There will actually be a point where they are close again around late 2027 when the rates will be 0.83% and 0.82% respectively. As Bitcoin rewards continue to decrease there will never be a point where Monero's inflation is less than Bitcoin's. However, being inflationary or deflationary alone does not grant or guarantee value. Bitcoin will always hold the title of "most deflationary" between the two. Having limited supply and being scarce is not enough to give something value. Intrinsic value is derived from many potential factors and one that is common between both of them is: use as a medium of exchange. Monero is actually proving to be more used as a medium of exchange. "Monero is what people think Bitcoin is." I have been observing over the last two years a shift on the Darknet markets that there are two primary currencies: Bitcoin and Monero. What is interesting is that some Darknet markets have ceased transacting in Bitcoin entirely and rely exclusively on Monero. This is one of the reasons that Monero has maintained its value over this time. The reason is Monero's primary use case: private money. Monero is built upon privacy by default. This is originally what Bitcoin was perceived to be. Now, the public nature of Bitcoin is seen as a value proposition for state and corporate adoption to the benefit of NGU (Number Go Up) but it provides no security for those that value privacy. "What about Zcash?" There are other privacy coins, sure. Often times when I talk about Monero these competing coins are brought up in the context of "interesting technology." Tech matters less to use. You can have amazing tech that is worthless if no one uses it. This is analogous to the platform war between Betamax and VHS. Betamax arguably had better technology but the consumer market chose VHS and that became the standard. As long as Monero "has privacy" then any other cryptocurrency that "has privacy" has only equal use case. What matters then is the market; the consumer. And the market and consumers have already decided to use Monero. The network effect has already taken over. It will be incredibly unlikely that any other privacy coin can reach the same network effect and supplant Monero. Bitcoin is worthless without state approval In 2023 and 2024 hackers that had somehow broken into the Darknet market of Silk Road and the Cryptocurrency exchange Bitfinex were captured, prosecuted, deprived of freedom, and forced to surrender their Bitcoin many years after their crimes were committed. We are talking billions of USD worth of Bitcoin that were rendered worthless to their ill gotten owners. What should have been realized then was that all Bitcoin, despite being permissionless, is worthless to its owner without full state approval. You can hold it, send it, and trade it but if government does not approve it will find you and take your freedom. That is, of course, unless you hand it over to them and they might give you some of that freedom back. So it became rather obvious that should a hacker acquire copious amounts of Bitcoin they would invariable seek to privatize these gains. Just such an event happened in April. Allegedly, a hacker gained access to a very old Bitcoin private key containing nearly $330 million worth of Bitcoin and then proceeded to convert it to Monero irrespective of transaction costs and liquidity. This created an acute supply shock leading to a huge RIP. Many smaller exchanges "ran out" of Monero exacerbating the supply shock and leading to further appreciation. This is a catalyst that is founded upon rational actions albeit not ethical. We can presume that such catalysts will continue to happen into the future. Technical Analysis Monero has been very hard to trade using my standard methods. Because of its normal stability of value it lacks clear and robust trends to play pullbacks. However, there is a definite recent trend to look at now. I am very interested to see where and if Monero establishes a new trading range because then I can look at the lows of this range to accumulate more. The potential 50% Retracement level of the present price action is 292. Conclusion During all seasons both bullish and bearish Monero will continue to be used as a medium of exchange and maintain its Store of Value. Monero has already reached adoption level in the use case of privacy which establishes a moat of competitive advantage versus any other privacy coins. As long as humans use cryptocurrency they will value the privacy advantage of Monero versus Bitcoin and periodically and unexpectedly convert between the two leading to huge supply and price shocks.
KRAKEN:XMRUSDLong
by norok
1
Will XMR tripple top?Monero / XMRUSD has been seeing amazing gains since the April 7th Low, despite this week's natural technical correction. There is a massive Rising Resistance originating from the December 18th 2017 High that price also the 2021 Cycle Top, which poses as the next most probable target. We expect to test it around 580. If it breaks, it is not impossible to see the uptrend complete a +1000% rise from the bottom as it did in 2021. Follow us, like the idea and leave a comment below!!
CRYPTO:XMRUSDLong
by TheCryptagon
Privacy Coins Surge: Monero & Zcash Lead $10B Rally In the ever-dynamic and often boisterous world of cryptocurrency, where hype cycles can inflate and deflate valuations with breathtaking speed, a particular sector has been making significant strides, albeit with less fanfare than its more mainstream counterparts. Privacy coins, designed with the core tenet of offering users enhanced anonymity and transaction confidentiality, have been steadily gaining traction. Recently, this burgeoning niche has quietly crossed a significant milestone: a collective market capitalization exceeding $10 billion. Spearheading this charge are two of the most established and technologically distinct players in the privacy space: Monero (XMR) and Zcash (ZEC), both of which have recently shown notable activity on price charts, signaling growing investor interest and a potential re-evaluation of their intrinsic value. The concept of financial privacy is hardly new, yet its application in the digital realm, particularly on inherently transparent blockchains like Bitcoin’s, presents unique challenges. While Bitcoin transactions are pseudonymous (linked to addresses, not directly to real-world identities), the public nature of the ledger means that with enough analytical effort, transactions can often be traced and linked. Privacy coins aim to solve this by employing sophisticated cryptographic techniques to obscure sender and receiver identities, transaction amounts, and other metadata that could compromise user anonymity. Monero (XMR): The Standard-Bearer for Obligatory Privacy Monero, launched in 2014, has long been considered one of the most robust and uncompromising privacy coins. Its core philosophy revolves around the principle that privacy should be default and mandatory for all users and transactions. This is achieved through a multi-layered approach to obfuscation: 1. Ring Signatures: This technique allows a sender to sign a transaction amongst a group of other possible signers (decoys pulled from the blockchain), making it computationally infeasible to determine which member of the group actually authorized the transaction. The size of this "ring" enhances the ambiguity. 2. Stealth Addresses: For every transaction, a unique, one-time public address is generated for the recipient. This prevents linking multiple payments to the same recipient address, a common method for deanonymizing users on transparent blockchains. 3. Ring Confidential Transactions (RingCT): Implemented in 2017, RingCT obscures the amounts being transacted. While the network can cryptographically verify that no new coins are being created out of thin air (i.e., inputs equal outputs), the actual values remain hidden from public view. This combination ensures that Monero transactions offer a high degree of unlinkability (difficulty in proving two transactions are related) and untraceability (difficulty in determining the sender/receiver). This commitment to always-on privacy has made Monero a favorite among those who prioritize true financial anonymity, believing it essential for fungibility – the property where each unit of a currency is interchangeable with any other unit. If some coins can be "tainted" by their transaction history (as can happen on transparent ledgers), true fungibility is compromised. The recent positive performance of Monero on the charts could be attributed to several factors. There's a persistent underlying demand from users who genuinely require its privacy features. Furthermore, in an environment of increasing discussion around Central Bank Digital Currencies (CBDCs) and heightened digital surveillance, assets that offer an alternative path to financial confidentiality may be seeing renewed interest. Zcash (ZEC): Optional Privacy with Cutting-Edge Cryptography Zcash, launched in 2016, takes a different approach to privacy, offering it as an option rather than a default setting. It utilizes a groundbreaking cryptographic technique known as zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge). This allows one party (the prover) to prove to another party (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. In Zcash, this translates to the ability to conduct fully "shielded" transactions. When a transaction moves from one shielded address (a "z-addr") to another, the sender, receiver, and amount are all encrypted on the blockchain, yet zk-SNARKs are used to prove that the transaction is valid according to the network's consensus rules (e.g., the sender had the funds, no double-spending occurred). Zcash also supports "transparent" addresses (t-addrs), which function similarly to Bitcoin addresses, with all transaction details publicly visible. Users can choose to transact transparently, from transparent to shielded, from shielded to transparent, or fully shielded. This optionality aims to provide flexibility and potentially cater to a broader range of users and regulatory environments, allowing for auditable transparency when desired, while still offering robust privacy when needed. The recent chart activity for Zcash might reflect growing appreciation for its sophisticated technology and its unique positioning. The development and improvement of zk-SNARKs are at the forefront of cryptographic research, and Zcash is a prime example of their real-world application. As the crypto space matures, there may be an increasing demand for solutions that can offer strong privacy while also providing pathways for selective disclosure or compliance, a balance Zcash aims to strike. Why the Quiet Surge to $10 Billion? The collective rise of privacy coins to a $10 billion market capitalization, while "quiet" relative to mainstream crypto narratives, is significant. Several undercurrents could be contributing to this growth: 1. Growing Awareness of Blockchain Transparency: As more individuals and institutions interact with cryptocurrencies, the implications of permanently public ledgers are becoming better understood. High-profile cases of blockchain analysis being used to track funds (for both legitimate and questionable purposes) highlight the lack of inherent privacy in many popular cryptocurrencies. 2. Desire for Financial Sovereignty: For some, the ability to transact privately is a fundamental aspect of financial freedom and sovereignty, akin to using physical cash. Privacy coins offer a digital equivalent. 3. Concerns Over Digital Surveillance: The increasing digitization of finance, coupled with discussions around government-issued digital currencies, has raised concerns about potential mass financial surveillance. This may drive some users towards privacy-preserving alternatives. 4. Maturation of Privacy Technology: The cryptographic techniques underpinning coins like Monero and Zcash have been developed, battle-tested, and refined over several years, increasing confidence in their efficacy. 5. Niche Use Cases: While sometimes controversial, privacy coins serve legitimate niche use cases, such as individuals in oppressive regimes needing to protect their financial activities, or businesses wanting to keep sensitive commercial transactions confidential from competitors. 6. Market Diversification: As the overall crypto market grows, investors may look to diversify into sub-sectors like privacy coins, especially if they perceive them as undervalued relative to their utility or technological innovation. The "Quiet" Aspect and Lingering Challenges Despite their technological sophistication and growing market cap, privacy coins operate in a somewhat contentious space, which contributes to their "quiet" ascent. 1. Regulatory Scrutiny: The primary challenge comes from regulators worldwide. Concerns that privacy coins can be used to facilitate illicit activities like money laundering or terrorist financing have led to increased scrutiny. Several exchanges have delisted privacy coins in certain jurisdictions to comply with KYC/AML (Know Your Customer/Anti-Money Laundering) regulations. This regulatory pressure can stifle adoption and create uncertainty. 2. Perception Issues: The association, whether fair or not, with illicit activities has created a perception challenge for the sector. While proponents argue that any financial tool can be misused and that privacy is a fundamental right, this narrative can be difficult to overcome. 3. Complexity: The advanced cryptography involved can make these coins less accessible to the average user compared to simpler cryptocurrencies. Explaining the nuances of ring signatures or zk-SNARKs is more challenging than explaining Bitcoin. 4. Development and Governance: Like all crypto projects, ongoing development, robust governance, and maintaining network security are crucial and require significant resources and community effort. The Significance of the $10 Billion Milestone Reaching a $10 billion collective market capitalization is a testament to the resilience and perceived value of the privacy coin sector. It indicates that despite regulatory headwinds and perception challenges, there is a substantial and growing demand for financial privacy in the digital age. While still a relatively small fraction of the total cryptocurrency market, it's a clear signal that a significant number of users and investors believe in the importance of these tools. This milestone provides a degree of validation for the developers, communities, and users who have championed the cause of digital financial privacy. Future Outlook The path forward for privacy coins like Monero and Zcash will likely remain complex. They will continue to navigate a challenging regulatory environment, engaging in an ongoing dialogue about the balance between privacy and law enforcement. Technological innovation will be key, not only in enhancing privacy features but also in improving user experience and potentially developing solutions that can address regulatory concerns without compromising core principles (as Zcash attempts with its optional transparency). Education will also play a vital role – helping the public and policymakers understand the legitimate needs for financial privacy and the capabilities and limitations of these technologies. The debate over financial privacy is far from over, but as Monero and Zcash move up and the sector surpasses the $10 billion mark, it's clear that the demand for confidential transactions is a persistent and growing force in the digital economy. The quiet surge may be a prelude to a louder conversation about the future of money and the fundamental right to privacy in an increasingly interconnected world.
KRAKEN:XMRUSDLong
by bryandowningqln
Random Monero God Candle??The "reason" KRAKEN:XMRUSD RIPPED to $339 overnight was because of a hack: Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M) Theft address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike 50%. Apparently it was an OG Bitcoiner that had funds on a CEX (Centralized Exchange). The hacker spent upwards of 7 figured in fees across different exchanges to convert the Bitcoin into Monero. This event is in line with Bullish thesis: Very public arrests of the Bitfinex and Silk Road hackers from tracing their surveillance chain (Bitcoin) makes it obvious that privacy is of highest value. Monero has low liquidity: expect more random god candles. The relative outperformance of Monero versus Bitcoin BITFINEX:XMRBTC continues this year:
KRAKEN:XMRUSDLong
by norok
Monero: What is the "Fair Value"?Crypto investors need to be aware of Monero and its historic performance tendencies especially on a day like today. It has become the only cryptocurrency in which I think has actual USEFUL value in terms of being used as an '"currency". KRAKEN:XMRUSD for the last several years has functioned much like a stablecoin albeit with a lot of volatility. It trades within a range but one that has been steadily increasing over time. The old range used to present a fair value of around 156 within the middle of the range. The new bottom of the range sits at 196. As this bear cycle continues I will look to these supports to hold $KRAKEN:XMRUSD. I do not promise that one should expect the 10x, 100x, etc. from investing in $KRAKEN:XMRUSD. That is not what the cryptocurrency is for. Its value is in its privacy by default. Those values are; resistance against surveillance, true sovereign money, and the actual ideals of being a tool for human freedom that began cryptocurrency over a decade ago. Monero today has actually replaced Bitcoin as the currency of choice on the Dark Web... that was what gave Bitcoin its value in the early days. Besides the afore mentioned fundamental value of Monero it is important to understand what recent price history has shown about Monero versus Bitcoin during the bull/bear price cycles: Cryptocurrency Cycles The relative performance of Monero to Bitcoin (which is, basically, the crypto market) at different points over the last few years can be charted using KRAKEN:XMRBTC Since November 16, 2024 XMRBTC has performed +64%. This has happened while the price of Bitcoin has mostly stagnated by Monero has steadily appreciated in value. The period prior was from April 2024 through September 2024, again when the price of Bitcoin stagnated by Monero held and increased in value. The most important period to study for now, when Bitcoin has likely entered its bearish cycle phase, is the period between December 2021 and January 2023; the last Bitcoin bear cycle. XMRBTC outperformed by about 150% as Bitcoin went down but Monero depreciated less. This period ended when the recent Bitcoin bull cycle began. Critics will rightly point out though that "Bitcoin over time has outperformed" and they would be correct, historically. Within this truth though crypto investors need to look for a correlation that works anywhere close to this; where when Bitcoin goes down that cryptocurrency consistently holds its value against Bitcoin. There is no other major cryptocurrency that behaves this way. Knowing the cycles can provide investors with a "safe haven" potentially. Trade wisely!
BITFINEX:XMRUSDLong
by norok
3
MOST Bullish Crypto Now? MoneroThis may come as a surprise considering how little attention it is paid but according to my most time tested analytic; the Daily Ichimoku Cloud + Chikou Confirmation, KRAKEN:XMRUSD is showing more bullish than the top cryptocurrencies. I have written for years about this study of when price versus the Ichimoku cloud is in line with Chikou (purple line, AKA Lagging Span) versus cloud. I will include a few links below to past Tradingview ideas. Let's look at some of the major cryptocurrencies that most pay attention to for comparison: INDEX:BTCUSD Bitcoin is at a precarious place. The bull trend has weakened and moved through the Ichimoku cloud. Price has breached it to the downside but that does not make it bearish yet. The final step would be Chikou to cross. At this point downward movement and/or time passing will make this true and the trend will flip bearish. Bitcoin's Ichimoku Daily analysis is what I have written most about. If followed, I have demonstrated that applying this simple strategy out performs pure HODL by a factor of 7x. KRAKEN:SOLUSD Solana is to me the next most interesting cryptocurrency at present because its use case is the most prevalent: meme coins. Solana just does them better and most of the popular meme coins that end up on the news go through this chain. SOLUSD is sitting in purely neutral territory like Bitcoin. CRYPTO:ETHUSD Ethereum is in objectively the worst shape. It has already flipped confirmed bearish. I think people sleep on Monero because it is not considered a "get rich quick" cryptocurrency. Unfortunately, the cryptocurrency market has devolved into a space for fraud and fast wealth. Monero, being privacy focused, is the leading cryptocurrency that actually facilitates the original use case of cryptocurrency which is... a currency. It has largely acted like a stablecoin the past 3 years while slowly appreciating. Don't ignore it... but also please don't pump it. I don't want the volatility. Trade wisely.
KRAKEN:XMRUSDLong
by norok
Monero's 'Basing Pattern' Breakout Points to Price Gains AheadMonero (XMR), the leading privacy-focused cryptocurrency, has recently shown signs of renewed strength, breaking above the $200 mark and confirming a bullish shift in market trend.1 This upward movement is particularly significant as it follows a prolonged period of consolidation, during which XMR formed a classic "basing pattern."2 This article will delve into the details of this technical pattern, explore the factors contributing to Monero's current momentum, and analyze the potential for further price gains in the near future. Understanding the Basing Pattern In technical analysis, a basing pattern, also known as a consolidation pattern, represents a period of price stabilization after a downtrend or a significant price drop.3 During this phase, the price trades within a relatively narrow range, forming a base for a potential future breakout.4 This pattern typically indicates that selling pressure is weakening, and buyers are beginning to accumulate the asset.5 Key characteristics of a basing pattern include: • Consolidation Range: The price trades within a defined range, bounded by support and resistance levels.6 • Decreasing Volatility: Price swings become less pronounced as the pattern develops.7 • Increased Volume on Breakout: A breakout above the resistance level is often accompanied by a significant increase in trading volume, confirming the strength of the new uptrend.8 Monero's recent price action has exhibited these characteristics. After a period of decline, XMR's price consolidated within a range, demonstrating decreasing volatility. The recent break above $200, accompanied by increased trading volume, signals a potential breakout from this basing pattern, suggesting a shift towards bullish momentum.9 Factors Contributing to Monero's Momentum Several factors could be contributing to Monero's current positive trajectory: • Increased Demand for Privacy: In an increasingly surveilled world, the demand for privacy-preserving technologies is growing.10 Monero, with its strong focus on anonymity and untraceable transactions, is well-positioned to benefit from this trend.11 • Technological Developments: Ongoing development and improvements to the Monero protocol, such as advancements in its privacy features and scalability solutions, enhance its value proposition and attract users. • Growing Adoption: While adoption of privacy coins is still relatively niche compared to mainstream cryptocurrencies, Monero has a dedicated community and sees usage in various applications where privacy is paramount. • Broader Market Sentiment: The overall cryptocurrency market has shown signs of recovery recently.12 A positive market sentiment can have a ripple effect on various cryptocurrencies, including Monero. The Significance of the $200 Breakout The break above the $200 resistance level is a crucial technical development for Monero. This level has acted as a significant barrier in the past, and breaking above it suggests a strong shift in market sentiment. This breakout confirms the potential validity of the basing pattern and opens the door for further price appreciation. Potential for Further Price Gains With the breakout confirmed, several potential price targets can be identified using technical analysis. Common methods include: • Measuring the Height of the Basing Pattern: The height of the consolidation range can be projected upwards from the breakout point to estimate a potential price target. • Identifying Fibonacci Retracement Levels: Fibonacci retracement levels can be used to identify potential resistance levels and price targets based on previous price movements.13 • Analyzing Long-Term Trends: Examining long-term charts can provide insights into potential long-term price targets. Based on these methods, potential price targets for Monero could be significantly higher than current levels. However, it's crucial to remember that these are just potential targets, and market conditions can change rapidly. Challenges and Risks While the current outlook for Monero appears positive, it's essential to acknowledge potential challenges and risks: • Regulatory Scrutiny: Privacy coins like Monero face increased regulatory scrutiny due to their potential use in illicit activities.14 Increased regulation could negatively impact their price and adoption. • Competition: Other privacy-focused cryptocurrencies and privacy-enhancing technologies are emerging, posing competition to Monero. • Market Volatility: The cryptocurrency market is inherently volatile, and even with positive technical indicators, price corrections and unexpected events can occur.15 Conclusion Monero's recent breakout above $200, following a well-defined basing pattern, suggests a potential shift towards bullish momentum.16 Factors such as increased demand for privacy, technological developments, and positive market sentiment contribute to this positive outlook. While potential price targets can be identified using technical analysis, it's essential to acknowledge the inherent risks and challenges associated with the cryptocurrency market. As always, thorough research and caution are advised when making investment decisions. The confirmation of the basing pattern and the break of the $200 resistance level does provide a strong signal for those interested in the privacy coin space.
KRAKEN:XMRUSDLong
by bryandowningqln
Monero (XMR/USD): Navigating Momentum Toward $600 by Mid-2025Monero (XMR) is currently in a critical phase, with its momentum determining the trajectory for the coming months. The market is watching whether XMR can maintain its current bullish momentum or face a temporary slowdown before resuming its upward climb. Scenario 1: Sustained Momentum to $600 by June–July 2025 January 2024 Target: If XMR does not lose momentum, it is likely to reach $250 by the end of January 2024. Consolidation or Pullback: After reaching $250, XMR could enter a brief consolidation phase or experience a small pullback, allowing the market to stabilize and attract fresh buyers. Mid-2025 Rally: This stabilization will set the stage for a rally toward $600 by June–July 2025, marking a significant price surge driven by strong fundamentals and improving market sentiment. Scenario 2: Temporary Loss of Momentum Before Resumption February Retest of $175–$180: If XMR loses momentum, it could fall back to retest the $175–$180 zone in February 2024. March Recovery to $250: After this retest, XMR could regain strength and target the $250 level by March 2024. Mid-2025 Rally: Following consolidation around $250, XMR would still have the potential to reach $600 by July–August 2025, albeit on a slightly delayed timeline. Key Levels to Watch: $175–$180 (critical zone if momentum is lost). $250 (key barrier to confirm bullish continuation). Target: $600 by mid-2025 (bullish rally culmination). Summary: Monero’s ability to maintain its current momentum will define its short-term trajectory. Sustained Momentum: Reach $250 by January 2024, consolidate, and rally to $600 by June–July 2025. Temporary Slowdown: Retest $175–$180 in February, recover to $250 in March, and achieve $600 by July–August 2025. Both scenarios highlight Monero’s long-term bullish potential, with $600 as a realistic target for mid-2025.
KRAKEN:XMRUSDLong
by QuantumFusionWave
the XMR is going to blow your mind Indicators Used: Moving Average 20 High (Red Line): This serves as a resistance level. Moving Average 20 Low (White Line): This serves as a support level. Fibonacci Retracement Levels: These are displayed and show key retracement and extension levels based on a recent price swing. Volume Bars: Shown in red and green, indicating selling (red) and buying (green) volume intensity. Price Action: The current price is around 199.88, trading slightly below the 20 High MA (Red) and above the 20 Low MA (White). This suggests consolidation between these moving averages, acting as short-term resistance and support. The price retraced after hitting a local high and is now testing the Fibonacci 0.5 and 0.618 retracement levels, which are strong zones for a potential reversal or continuation. Fibonacci Levels: 0.618 Level: The price is near this retracement level, which often acts as strong support during retracements in uptrends. Extension Levels: Levels like 1.272 and 1.618 suggest potential future price targets if the uptrend resumes. Volume Analysis: The volume bars show a mix of buying and selling pressure, with some decrease in recent activity. This could indicate indecision in the market, waiting for a breakout or breakdown. Scenarios to Watch: Bullish Scenario: If the price breaks above the 20 High MA (Red) and maintains above the 0.618 retracement, this could signal a continuation of the uptrend. Look for a retest of resistance levels around 204 (near Fibonacci 1) or higher extensions like 1.272 or 1.618. Bearish Scenario: If the price falls below the 20 Low MA (White) and breaks below the 0.618 retracement, it may test lower support levels near 194 or even 190. Sideways Scenario: The price could consolidate between the 20 High MA and 20 Low MA, with traders waiting for a breakout. Key Levels to Watch: Resistance: 200.27 (20 High MA) 204 (Fibonacci 1 level) 210-212 (Fibonacci extension levels) Support: 198.01 (20 Low MA) 194 (Historical Support Zone) 190.10 (Major Support) This chart shows a critical point where the market could decide its next direction. Pay close attention to how the price interacts with the moving averages and Fibonacci retracement levels to plan your next trade!
CAPITALCOM:XMRUSDLong
by HMB707
#Monero $XMRUSD One Year AnalysisCRYPTO:XMRUSD Keylevels / Range $120: Lowest trend price. If the price closes below this level, it would signal a bearish trend. $163: Lowest range price. A close below this level would unlock a new lower zone extending down to $120. $203: Current price. $233: Upper limit of the current channel/wedge. $370: Long-term target. Analysis: Monero has been trading within a range of $183 to $206 for the past two weeks. The price has closed above $197 for the first time since May 2022. This move potentially unlocks a new range, reaching at least $233, where the upper limit of the current channel/wedge and a monthly/weekly supply zone are located. A weekly close above $237 would strongly indicate the unlocking of a new charted zone extending from $237 to $370. Coin Bio: Monero (XMR), is a privacy-focused cryptocurrency launched in April 2014. It was originally forked from the Bytecoin blockchain. Unlike many other cryptocurrencies, Monero's primary focus is on ensuring the anonymity and untraceability of transactions. Key features include: Ring Signatures: Obfuscate the sender's identity. Ring Confidential Transactions (RingCT): Hide the transaction amount. Stealth Addresses: Create unique, one-time addresses for each transaction, obscuring the receiver's identity. These features make Monero attractive to individuals seeking financial privacy and are a core differentiator in the cryptocurrency space. It's developed by an anonymous community of developers and has gained significant traction for its commitment to private and fungible transactions. While its focus on privacy can be controversial, it remains a prominent cryptocurrency with a dedicated user base. XRMUSD specifically refers to the trading pair of Monero against the US Dollar. #CRYPTO #MONERO #XMRUSD #XMR #CRYPTOCURRENCY #AHMEDMESBAH
CRYPTO:XMRUSD
by AhmedMesbah
XMR/USD Poised for a Major Bullish Phase**XMR/USD Poised for a Major Bullish Phase** Monero (XMR/USD) has officially broken out of a prolonged **accumulation phase**, signaling the start of a powerful bullish cycle. After successfully breaching the key resistance zone between **$180-$210**—the upper limit of the previous major rally—XMR is now primed for a sustained upward trajectory. This breakout marks a critical turning point, underscoring growing investor confidence and heightened demand for privacy-focused digital assets. With strong technical momentum and supportive macroeconomic conditions, XMR is expected to embark on a **significant rally**. The next few years could see progressive gains, culminating in a **new all-time high (ATH) of $600** by **May-June 2026**. This projection is fueled by increasing adoption of privacy coins, enhanced network upgrades, and broader market bullishness. Investors should watch for consolidation phases along the way, but the overall trend points toward **long-term growth**. As Monero continues to carve out its position in the crypto market, this rally could establish a new price floor well above previous highs, reinforcing its strength and utility in a growing decentralized economy.
KRAKEN:XMRUSDLong
by QuantumFusionWave
1
Monero Outperforms Bitcoin. What does it mean?I have been pointing out on my social media and Livestreams that Monero has been outperforming Bitcoin since April 2024. This inversion in the KRAKEN:XMRBTC cross pair is interesting in itself considering most cryptocurrencies remain in high correlation to Bitcoin INDEX:BTCUSD but there is more that can be inferred by this relationship. First, we will look at the key data point in the past that could be happening and then I will offer a possible explanation for this phenomenon. Bitcoin Maxis will point out that over the last 2 years Bitcoin overall has outperformed Monero by 25%. That's not the point. It is not that Monero is a "better" long term investment. Bitcoin has far more bullish history. The point is that the last time Monero outperformed Bitcoin was through the whole 2022 bear cycle. The outperformance did not end until January of 2023 when the Bitcoin bull trend started. If history is a guide then Monero outperformance, especially sustained over many months, is an indicator itself that a bearish cycle of Bitcoin is confirmed. It also could be argued that Monero could become the "flight to safety" during bear cycles. We only have one sure data point but are currently witnessing a second. How can Monero do this? The best possible explanation is the Dark Web. On-chain transaction on Bitcoin have become prohibitively expensive. The alternative of using Lightning network, by having to setup and join nodes, negates the privacy that the Dark Web runs on. Monero has over the last few years become more dominant to the point that now it is the only cryptocurrency used on many Dark Web sites. Monero is the clear winner in the privacy use case for cryptocurrency.
by norok
Monero back in "Fair Value"Of all cryptocurrencies I see Monero KRAKEN:XMRUSD differently as a good "store of value" which is private. That makes me a little looser with my trading guidelines for other assets. Monero has also proven difficult to trade in recent years... it has had some volatile swings but overall has broadly kept its value. The recent cryptocurrency downtrend, led by Bitcoin, has finally caused the otherwise resilient Monero to break back into the 140 range. 140 on Monero for the last several years I have seen as "fair value" to accumulate. This is also the 50% Retracement of the recent trend and the Volume Profile Point of Control.
KRAKEN:XMRUSDLong
by norok
1
XMR - Monero is gonna explode soon#XMR/USDT #Analysis Description --------------------------------------------------------------- + The price has hit the resistance level and appears to be rejected from it (confirmation will come once the candle closes). + We can consider entering a long trade once the price retraces. + There is good potential in the bull run if the price bounces back after reaching the support zone. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 170.1 - 152.88 Stop Loss: 95.96 ------------------------------ Target 1: 183.27 Target 2: 240.56 Target 3: 295.61 Target 4: 370.83 Target 5: 469.02 ------------------------------ Timeframe: 1M Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo