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

Retail investors are not trading cryptocurrencies but stocks? Cryptocurrency market liquidity is moving to the US stock market, AI helps interpret financial reports and boosts confidence

Wintermute's research indicates that retail cryptocurrency funds are flowing heavily into the US stock market, reversing the correlation to become negatively correlated. As liquidity in the crypto market declines, retail investors prefer mature stock markets, aided by generative AI enhancing their investment capabilities. Cryptocurrencies are gradually becoming part of asset allocation.

CryptoCity42m ago

ETH drops 1.36% in 15 minutes: Deteriorating macro sentiment and liquidity crunch trigger spot selling pressure

From 02:45 to 03:00 on March 8, 2026 (UTC), ETH prices fluctuated sharply within the range of 1,936.0 to 1,969.18 USDT. The 15-minute candlestick yield was -1.36%, with an amplitude of 1.68%. The short-term downtrend intensified, market attention significantly increased, trading activity was high, and panic sentiment dominated. The main driver of this anomaly was the widespread decline in global risk assets and escalating extreme panic sentiment. Major US stock indices experienced a sharp pullback, and the VIX fear index soared to 29.49 (+24.17%), leading to

GateNews2h ago

BTC drops 0.71% in 15 minutes: Weak macro data and miner sell-off resonate, increasing selling pressure

2026-03-08 02:45 to 03:00 (UTC), Bitcoin (BTC) price candlestick data shows a 15-minute return of -0.71%, with the lowest at 66,837.0 USDT and the highest at 67,402.7 USDT, with an amplitude of 0.84%. Short-term volatility has attracted market attention, with on-chain risk signals rising to 0.84, above the historical average, indicating cautious investor sentiment and increased market fluctuations. The main driver of this anomaly is the US February employment data, which significantly underperformed expectations, with a sharp decrease in new jobs and the unemployment rate rising to 4.4%, combined with the US

GateNews2h ago

The US-Iran conflict enters the second phase: Trump emphasizes "no ground action for now," airstrikes have destroyed over 3,000 targets, Bitcoin drops to 67,000.

Trump stated that the U.S. military currently has no plans to deploy ground troops, mainly conducting airstrikes, and has destroyed over 3,000 Iranian military targets. Market risk aversion has increased, with Bitcoin dropping to $67,000. The fighting continues between both sides, and Iran has vowed to retaliate.

動區BlockTempo2h ago

PEPE faces volatility risk as the threat of a "short squeeze" increases

The memecoin market is experiencing a significant downturn as the total industry capitalization has dropped by 48% over the past year and declined another 6.9% in the most recent month, according to data from CoinMarketCap. Meanwhile, a report from Glassnode indicates that this sector has only grown modestly by 2.2% in the past t

TapChiBitcoin3h ago
Comment
0/400
No comments