According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero.
Based on data from July 01, 2023 at 20:43, the general Monero price prediction sentiment is bullish with 25 technical analysis indicators signaling bullish signals, and 8 signaling bearish signals.
Technical Analysis Bullish
1 Monero makes 3 weeks Higher Lows and Higher Highs
2 Trend continuation Confirmation RSI
See Circles
10 Nov 2022
9th March 2022
10th June 2022
3 RSI is above 50
4 Rsi confirmation is Bullish
5 Volume is increasing Bullish
6 We have rising POCs
7 Volume Value has been shifting higher
8 Monero is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 8 days, since Jun 23, 2023.
The price of Monero is currently above the 50-day SMA and this indicator has been signaling BUY for the last 9 days, since Jun 22, 2023.
The most recent Death Cross in the Bitcoin market happened 30 days ago, on Jun 01, 2023. Meanwhile, a Golden Cross last occurred on Jan 09, 2023, which was 173 days ago.
Based on our technical indicators, Monero's 200-day SMA will rise in the next month and will hit $ 153.22 by Jul 31, 2023. Monero's short-term 50-Day SMA is estimated to hit $ 159.61 by Jul 31, 2023.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 74.32, which indicates that the XMR market is in a overbought position. The RSI indicator suggests that the price of XMR will increase.
Monero reached its highest price on Jan 9, 2018 when it was trading at its all-time high of $ 593.42, while Monero's lowest price was recorded on Jan 14, 2015 when it was trading at its all-time low of $ 0.212967. The lowest price since it's ATH was $ 26.23 (cycle low). The highest XMR price since the last cycle low was $ 514.43 (cycle high). The Monero price prediction sentiment is currently bullish, while Fear & Greed Index is showing 59 (Greed).
Monero's current circulating supply is 18.30M XMR out of max supply of 18.20M XMR. The current yearly supply inflation rate is 0.86% meaning 156,872 XMR were created in the last year. In terms of market cap, Monero is currently ranked #5 in the Proof-of-Work Coins sector, ranked #1 in the Privacy Coins sector and ranked #15 in the Layer 1 sector.
Highlights
Price has increased by 48% in the last 1 year
Outperformed 79% of the top 100 crypto assets in 1 year
Trading above the 200-day simple moving average
21 green days in the last 30 days (70%)
Trading on Binance
Trading with Euro
Yearly inflation rate is 0.86%
Monero price in US Dollar has increased by 13.08% in the last 1 month. XMR is up 10.29% against Ethereum and down -0.47% against Bitcoin in the last 1 month.
The top-performing year for Monero was 2016 when the price of XMR increased by 2,830.22% from $ 0.470402 to $ 13.78. The worst performing year for Monero was 2018 when the price dropped by -86.72% from $ 349.16 to $ 46.38. The average yearly growth of Monero over the last 10 years is 595.55% per year. Usually, Monero performs best in Q3 with an average of 59.43% gain and worst in Q2 with 11.17% gain.
Risk Analysis
Outperformed by Bitcoin and Ethereum
Down -72% from all-time high
Has medium liquidity based on its market cap
How is the price positioned in comparison to the all-time high?
The price is currently down -72% from the all-time high.
How is the price positioned in comparison to the cycle high/low?
Monero is currently trading at -67.40% below cycle high and 539.17% above cycle low.
Is the price highly volatile?
The 30-day volatility is above 30% and is currently at null%
Does it have enough liquidity based on market cap to volume ratio?
Has medium liquidity with 0.0282 volume to market cap ratio. The current market cap is $ 3.07B while the 24-hour volume is $ 86.46M
Is the total supply high in comparison with the circulating supply?
Over 101% of the total supply is in circulation.
Is the current inflation below 2% per year?
The yearly inflation rate is 0.86% meaning there were 156,872 coins generated in the last 1 year.
According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero.
Comparing Monero against other important technological innovations and trends is one way of predicting where the Monero price could head over the long term. The table above shows what the Monero price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase.
In the best case scenario, XMR price prediction for year 2026 is $ 3,836.33 if it follows Facebook growth. In case Monero would follow Internet growth the prediction for 2026 would be $ 440.09.
Monero Key Price Levels
Based on today's classical pivot point (P1) with the value of $ 166.97, Monero has support levels of $ 164.34, $ 160.29, and the strongest at $ 157.66. Similarly, Monero resistance levels are at $ 171.02, $ 173.65, and $ 177.70..
Monero Correlation
Over the past 7 days, Monero price was most positively correlated with the price of TRON (TRX), Stellar (XLM), Bitcoin Cash (BCH), Zcash (ZEC) and Bitcoin SV (BSV) and most negatively correlated with the price of XRP (XRP), OKB (OKB), Cardano (ADA), NEM (XEM) and Binance Coin (BNB).
Monero price is positively correlated with the top 10 coins by marketcap with a value of 0.119, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.107.
Currencies that are positively correlated with Monero indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Monero, a move in one direction for Monero would translate into a move in the opposite direction for the negatively correlated coin.
Monero Price Forecast(Probability 69%) This is just a mathematical methode to trade my own accont, Okease note that it is for educational and informative issue, and you should use stops and proper risk and money mangemnt to protect your capital.
Date Price Change
Jul 2, 2023 $ 168.17 0.06%
Jul 3, 2023 $ 169.11 0.62%
Jul 4, 2023 $ 171.83 2.24%
Jul 5, 2023 $ 170.25 1.30%
Jul 6, 2023 $ 164.17 -2.32%
Jul 7, 2023 $ 170.84 1.65%
Jul 8, 2023 $ 166.89 -0.70%
Jul 9, 2023 $ 165.08 -1.78%
Jul 10, 2023 $ 151.52 -9.85%
Jul 11, 2023 $ 158.89 -5.46%
Jul 12, 2023 $ 157.76 -6.13%
Jul 13, 2023 $ 160.38 -4.57%
Jul 14, 2023 $ 155.57 -7.43%
Jul 15, 2023 $ 151.87 -9.63%
Jul 16, 2023 $ 156.14 -7.10%
Jul 17, 2023 $ 155.08 -7.73%
Jul 18, 2023 $ 155.62 -7.40%
Jul 19, 2023 $ 157.16 -6.49%
Jul 20, 2023 $ 156.53 -6.86%
Jul 21, 2023 $ 164.10 -2.36%
Jul 22, 2023 $ 165.61 -1.46%
Jul 23, 2023 $ 169.10 0.62%
Jul 24, 2023 $ 175.47 4.41%
Jul 25, 2023 $ 176.17 4.83%
Jul 26, 2023 $ 179.92 7.06%
Jul 27, 2023 $ 185.74 10.52%
Jul 28, 2023 $ 190.11 13.12%
Jul 29, 2023 $ 183.07 8.93%
Jul 30, 2023 $ 187.35 11.48%
Jul 31, 2023 $ 187.86 11.78%
Based on data from July 01, 2023 at 20:43, the general Monero price prediction sentiment is bullish with 25 technical analysis indicators signaling bullish signals, and 8 signaling bearish signals.
Technical Analysis Bullish
1 Monero makes 3 weeks Higher Lows and Higher Highs
2 Trend continuation Confirmation RSI
See Circles
10 Nov 2022
9th March 2022
10th June 2022
3 RSI is above 50
4 Rsi confirmation is Bullish
5 Volume is increasing Bullish
6 We have rising POCs
7 Volume Value has been shifting higher
8 Monero is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 8 days, since Jun 23, 2023.
The price of Monero is currently above the 50-day SMA and this indicator has been signaling BUY for the last 9 days, since Jun 22, 2023.
The most recent Death Cross in the Bitcoin market happened 30 days ago, on Jun 01, 2023. Meanwhile, a Golden Cross last occurred on Jan 09, 2023, which was 173 days ago.
Based on our technical indicators, Monero's 200-day SMA will rise in the next month and will hit $ 153.22 by Jul 31, 2023. Monero's short-term 50-Day SMA is estimated to hit $ 159.61 by Jul 31, 2023.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 74.32, which indicates that the XMR market is in a overbought position. The RSI indicator suggests that the price of XMR will increase.
Monero reached its highest price on Jan 9, 2018 when it was trading at its all-time high of $ 593.42, while Monero's lowest price was recorded on Jan 14, 2015 when it was trading at its all-time low of $ 0.212967. The lowest price since it's ATH was $ 26.23 (cycle low). The highest XMR price since the last cycle low was $ 514.43 (cycle high). The Monero price prediction sentiment is currently bullish, while Fear & Greed Index is showing 59 (Greed).
Monero's current circulating supply is 18.30M XMR out of max supply of 18.20M XMR. The current yearly supply inflation rate is 0.86% meaning 156,872 XMR were created in the last year. In terms of market cap, Monero is currently ranked #5 in the Proof-of-Work Coins sector, ranked #1 in the Privacy Coins sector and ranked #15 in the Layer 1 sector.
Highlights
Price has increased by 48% in the last 1 year
Outperformed 79% of the top 100 crypto assets in 1 year
Trading above the 200-day simple moving average
21 green days in the last 30 days (70%)
Trading on Binance
Trading with Euro
Yearly inflation rate is 0.86%
Monero price in US Dollar has increased by 13.08% in the last 1 month. XMR is up 10.29% against Ethereum and down -0.47% against Bitcoin in the last 1 month.
The top-performing year for Monero was 2016 when the price of XMR increased by 2,830.22% from $ 0.470402 to $ 13.78. The worst performing year for Monero was 2018 when the price dropped by -86.72% from $ 349.16 to $ 46.38. The average yearly growth of Monero over the last 10 years is 595.55% per year. Usually, Monero performs best in Q3 with an average of 59.43% gain and worst in Q2 with 11.17% gain.
Risk Analysis
Outperformed by Bitcoin and Ethereum
Down -72% from all-time high
Has medium liquidity based on its market cap
How is the price positioned in comparison to the all-time high?
The price is currently down -72% from the all-time high.
How is the price positioned in comparison to the cycle high/low?
Monero is currently trading at -67.40% below cycle high and 539.17% above cycle low.
Is the price highly volatile?
The 30-day volatility is above 30% and is currently at null%
Does it have enough liquidity based on market cap to volume ratio?
Has medium liquidity with 0.0282 volume to market cap ratio. The current market cap is $ 3.07B while the 24-hour volume is $ 86.46M
Is the total supply high in comparison with the circulating supply?
Over 101% of the total supply is in circulation.
Is the current inflation below 2% per year?
The yearly inflation rate is 0.86% meaning there were 156,872 coins generated in the last 1 year.
According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero.
Comparing Monero against other important technological innovations and trends is one way of predicting where the Monero price could head over the long term. The table above shows what the Monero price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase.
In the best case scenario, XMR price prediction for year 2026 is $ 3,836.33 if it follows Facebook growth. In case Monero would follow Internet growth the prediction for 2026 would be $ 440.09.
Monero Key Price Levels
Based on today's classical pivot point (P1) with the value of $ 166.97, Monero has support levels of $ 164.34, $ 160.29, and the strongest at $ 157.66. Similarly, Monero resistance levels are at $ 171.02, $ 173.65, and $ 177.70..
Monero Correlation
Over the past 7 days, Monero price was most positively correlated with the price of TRON (TRX), Stellar (XLM), Bitcoin Cash (BCH), Zcash (ZEC) and Bitcoin SV (BSV) and most negatively correlated with the price of XRP (XRP), OKB (OKB), Cardano (ADA), NEM (XEM) and Binance Coin (BNB).
Monero price is positively correlated with the top 10 coins by marketcap with a value of 0.119, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.107.
Currencies that are positively correlated with Monero indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Monero, a move in one direction for Monero would translate into a move in the opposite direction for the negatively correlated coin.
Monero Price Forecast(Probability 69%) This is just a mathematical methode to trade my own accont, Okease note that it is for educational and informative issue, and you should use stops and proper risk and money mangemnt to protect your capital.
Date Price Change
Jul 2, 2023 $ 168.17 0.06%
Jul 3, 2023 $ 169.11 0.62%
Jul 4, 2023 $ 171.83 2.24%
Jul 5, 2023 $ 170.25 1.30%
Jul 6, 2023 $ 164.17 -2.32%
Jul 7, 2023 $ 170.84 1.65%
Jul 8, 2023 $ 166.89 -0.70%
Jul 9, 2023 $ 165.08 -1.78%
Jul 10, 2023 $ 151.52 -9.85%
Jul 11, 2023 $ 158.89 -5.46%
Jul 12, 2023 $ 157.76 -6.13%
Jul 13, 2023 $ 160.38 -4.57%
Jul 14, 2023 $ 155.57 -7.43%
Jul 15, 2023 $ 151.87 -9.63%
Jul 16, 2023 $ 156.14 -7.10%
Jul 17, 2023 $ 155.08 -7.73%
Jul 18, 2023 $ 155.62 -7.40%
Jul 19, 2023 $ 157.16 -6.49%
Jul 20, 2023 $ 156.53 -6.86%
Jul 21, 2023 $ 164.10 -2.36%
Jul 22, 2023 $ 165.61 -1.46%
Jul 23, 2023 $ 169.10 0.62%
Jul 24, 2023 $ 175.47 4.41%
Jul 25, 2023 $ 176.17 4.83%
Jul 26, 2023 $ 179.92 7.06%
Jul 27, 2023 $ 185.74 10.52%
Jul 28, 2023 $ 190.11 13.12%
Jul 29, 2023 $ 183.07 8.93%
Jul 30, 2023 $ 187.35 11.48%
Jul 31, 2023 $ 187.86 11.78%
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