Based on the XMR/USDT chart on the 1-month timeframe, Monero (XMR) is showing strong technical signals for a potential upward movement in the near term. The current price sits at $206.03 and is trading above two key moving averages: the MA7 at $198.50 and the MA25 at $166.57. This indicates a trend reversal from bearish to bullish, especially with the emergence of a golden cross — where the MA7 crosses above the MA25 — which is often considered an early signal of an uptrend. Trading volume has also surged, with a 24-hour volume of 55,856 XMR, suggesting significant accumulation rather than just short-term price action.
From a momentum perspective, the MACD indicator remains in the positive zone, with a MACD value of 7.17, DIF at 13.68, and DEA at 6.51, indicating that bullish momentum is still intact. The current minor correction (-2.55%) appears to be a healthy pullback after the recent rally, rather than a trend reversal. The price structure is forming a bullish pattern with higher highs and higher lows, and there is potential for a move toward the next resistance zone around $212–$220. If this level is broken, the next targets could be in the $263 to $340 range in the medium term.
Additionally, price forecasts from several analysts project that XMR could reach $360 in 2025, with further potential growth to $580 by 2028 and $1,580 by 2029 — reflecting strong long-term optimism for the project.