XMR Monero New All Time Highs Are CODED: 20K Price Prediction
1 extracted signal · 0 resolved · 1 still active
C-Zar Gets Crypto Independent analyst profile- Source published
- 08 Sept 2026, 15:54 UTC
- Recorded by Tahlil Plus
- 08 Sept 2026, 19:25 UTC
AI-generated source summary
The analysis focuses on Monero (XMR) on a monthly timeframe, highlighting its historical consolidation pattern resembling an ascending triangle. The current price is $498.80, with a market capitalization of $9.37B. The speaker suggests that after a prolonged consolidation period, XMR is poised for a significant breakout. Fibonacci retracement levels from a previous high to low are drawn, indicating key support and resistance areas. The speaker anticipates a potential rally to $2,000 or higher, projecting this could occur over several years, possibly by 2027-2029. The analysis also notes Monero's resilience compared to Bitcoin during bear markets and its deflationary nature, contrasting it with the inflationary dollar. The current technical indicators (RSI, MACD) show bullish momentum, despite some minor divergences suggesting a possible short-term pullback to around $440-$460 before continuing the upward trend. The long-term outlook is strongly bullish, with potential for substantial gains.
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