Analyst predicts Monero may surge over 80%, with a two-year parabolic trend approaching historical highs

Privacy-focused cryptocurrency Monero (XMR) is gaining renewed attention from market analysts. Cryptocurrency analyst Kevin Svenson recently stated that, supported by long-term technical trends and ongoing development activities, Monero could see an increase of over 80% by mid to late 2026 and is expected to hit new all-time highs.

Svenson pointed out that from a technical perspective, Monero has established a parabolic upward trend that has lasted nearly two years. The current price is gradually approaching previous historical high regions, which is often seen in technical analysis as a potential signal of trend acceleration. He predicts that if this structure remains intact, Monero could enter a new upward phase around July 2026.

In his analysis, he emphasized that Monero’s movement has been relatively low-key, but its technical outlook continues to improve. “Monero is quietly completing a two-year parabolic structure and is now approaching a critical breakout point.” In the current market environment, such a trend is uncommon among both mainstream and non-mainstream crypto assets.

On the fundamental side, Monero’s active development also supports this judgment. Data from blockchain analytics firm Santiment shows that Monero recorded multiple significant development events on GitHub over the past 30 days, ranking sixth among privacy coin projects in terms of development activity. Researchers noted that ongoing code updates and protocol maintenance typically reflect the project team’s commitment to long-term development.

Industry observers generally agree that development activity is an important indicator of a crypto project’s health, especially for blockchain networks emphasizing security and privacy. As a representative privacy coin, Monero’s technological iterations and community maintenance have always been its core competitive advantages.

It is important to note that this price forecast mainly comes from Svenson’s personal analysis and has not yet gained consensus from other mainstream analysts. Meanwhile, the overall growth momentum of the cryptocurrency market has recently slowed, and macroeconomic conditions and regulatory changes could still impact price trends.

Overall, supported by both technical trends and fundamental development, Monero is regarded by some analysts as one of the privacy-focused crypto assets worth watching in the medium to long term. Whether it can achieve the expected gains remains to be further validated by the market.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Analyst: Short-term Bitcoin holders tend to take profits, transferring over 27,000 BTC to exchanges in the past 24 hours.

CryptoQuant analysts point out that despite a slight rebound in Bitcoin, short-term holders still tend to take quick profits, with over 27,000 BTC recently transferred to trading platforms, indicating a selling pressure signal. Current macroeconomic outlook is somewhat negative, and short-term holders lack confidence in long-term investments.

GateNews18m ago

Matrixport: Low retail participation, lack of new narratives, and token unlock sell-offs putting pressure on altcoins

Matrixport report indicates that meme coins underperformed expectations over the past year, mainly due to low retail participation, lack of new narratives and real-world application projects, as well as ongoing token unlock pressures, which hindered market rebounds. Despite overall pressure, some localized opportunities can still be identified.

GateNews1h ago

10x Research: Institutional Capital Reshapes the Crypto Stock Market, Structural Changes in the Mining Company Sector

10x Research reports that institutional capital flows and corporate asset adjustments are reshaping the crypto stock market landscape, with some crypto stocks rising and others being marginalized. Bitdeer Technologies' stock price has recently fluctuated due to capital structure adjustments and the clearing of Bitcoin reserves, driving a transition toward high-performance computing and AI infrastructure. Overall, the market sees significant rebounds in the stock prices of Circle and a certain CEX.

GateNews1h ago

Glassnode: Bitcoin spot ETF capital outflows stabilize, 14-day net flow turns upward

Gate News Announcement: On March 6, Glassnode posted an analysis on the X platform stating that the outflow trend of Bitcoin spot ETF funds has stabilized, and the 14-day net flow trend has turned upward, indicating that as Bitcoin breaks above $70,000, selling pressure is easing. Glassnode pointed out that institutional demand remains in a tentative stage, but early signs of reaccumulation are beginning to appear.

GateNews1h ago

Today, the cryptocurrency Fear and Greed Index dropped to 18, and the market remains in extreme fear.

Gate News reports that on March 6th, according to Alternative.me data, the cryptocurrency Fear and Greed Index dropped to 18 today (March 6th), down from 22 yesterday (March 5th), indicating that the market remains in a state of "extreme fear."

GateNews2h ago

Ethereum breaks through $2000 but is still being shorted? Culper Research questions the impact of Fusaka upgrade on ETH's economic model

Culper Research is shorting Ethereum (ETH) and related stocks, believing that the Fusaka upgrade could weaken the tokenomics model, leading to a sharp drop in transaction fees and an increase in low-value transactions. However, Ethereum Daily rebutted that the decline in fees and the growth of active addresses will benefit network development, and investors should pay attention to on-chain dynamics.

GateNews2h ago
Comment
0/400
No comments