Currently, the price of Monero (XMR) is fluctuating around $307.52 USD. In the past 24 hours, the price has increased by over 38%, with trading volume exceeding $220 million—more than 4 times the average of the previous 7 days. This is the highest price since May 2021.
📊 Short-term Future investment strategy
With the current strong upward momentum, Future investors may consider the following strategies:
• Trend Following: Using technical indicators such as RSI and moving averages (MA) to identify trends and suitable entry points.
• Scalping: Executing short-term trades to take advantage of small price fluctuations. This strategy requires quick reactions and tight risk management.
• Trading based on technical patterns: XMR is forming an ascending triangle pattern that has lasted for 8 years, indicating a strong breakout potential if it surpasses the resistance level.
Note: The cryptocurrency market is highly volatile, so setting stop-loss orders and managing capital is very important.
🔍 Factors influencing XMR price
• Demand for privacy: Monero stands out with its security and anonymity features, attracting interest in the context of increasing privacy concerns.
• Stable network activity: Despite the strong price increase, the network activity of XMR remains stable, indicating that the price rise may be driven by speculative factors.
• Future price prediction: Some analyses predict that XMR could reach $400 by the end of 2025, depending on market conditions and demand for privacy.
🧠 Conclusion
Monero (XMR) is experiencing a strong upward trend, opening opportunities for short-term investors. However, caution is needed, and appropriate risk management strategies should be applied.