Monero (XMR) Price Prediction For 2022

Monero (XMR) Price Prediction For 2022

2022-02-01 | Selina Mathew

Monero (XMR) Price Prediction For 2022

According to technical analysis, and also in line with the similar optimistic trend, there are price forecasts that the Monero currency will be on the rise also in the coming year, 2022. Observing the current structure of XMR/USD, particularly how it is trading inside the limits of a symmetrical triangle on the hourly chart, it is clear that Monero XMR will run concurrently on similar positive trendlines.

Although it is too soon to determine if the price of XMR will burst through the high, one thing is certain: there is hope on the horizon. Taking into account the succession of successive highs and lows, crypto prices merely keep showing an upward trend within the retreating Pandemic situation, reaching the $620 barrier.

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XMR/USD TRADING VIEW CHART

According to Long, regardless of its acceptance, Monero (XMR) will experience pressure until January 2022. According to expectations that bulls would return, Monero (XMR) will end up marginally higher, at most $491 by 2024.

According to the Reddit Audience, it is totally dependent on the rivals' movement and trade. The market value of current (Monero (XMR)) coins is $8.7 billion, with each Monero price approximately $486.

Monero's sluggish but consistent price growth may not have garnered it the premier crypto accolade, but knowledgeable investors have learned to keep watching for this commodity to deliver and work miracles on exchange. Most significantly, although Monero's current results on the exchange have not shot to fame, one clear truth that appears here is that Monero is here to remain, flourish, and develop in the markets in full bloom.

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