Monero Price Prediction: 2024, 2025, 2030

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 be bearish.

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 on XMR through 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 cautious Monero price prediction for 2024.
 

As the analysis commenced, XMR was anchored 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 $148 threshold.
 

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

However, as the new year began, the scenario changed drastically. A strong bearish pullback 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.
 

The reappearance 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 modest recovery from its recent lows.
 

XMR’s short-term future seems to be positive. According to CoinMarketCap, XMR’s value had spiked by almost 9% over the past week. Monero is currently working on some major projects that may shape the future of the asset. One such project is the Haveno exchange — a non-custodial decentralized 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 above 100, enabling Monero-Ethereum atomic swaps, and more.
 

With such promising developments in sight, there is a possibility that buying 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 the bearish 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 an optimistic trajectory for the altcoin’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 volume increased 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, the Awesome Oscillator (AO) underwent significant fluctuations. It began its journey from the positive 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, the AO recovered again, reaching its highest value at 14.59 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 a bearish momentum in the market.
• Until the end of 2023, the On-Balance Volume (OBV) stagnated, with not many fluctuations noted during this period. 
• However, 2024 began with a sharp spike in OBV, reaching the highest value at 1.46 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 at 352,807 at press time, indicating a lack of buyer interest in the asset.