XMR Price Analysis

Market Overview

Monero remains one of the most prominent privacy-focused cryptocurrencies, boasting a circulating supply of 18446744.07370955 and a healthy market capitalization resting at $5.51B. Despite a -2.14% change over the past 24 hours, the asset's trading volume at $96.82M reveals ongoing interest from both retail and institutional participants. Recent sentiment, as quantified by the Fear and Greed Index at 63, places the market firmly in ‘Greed’ territory—a sign of growing confidence among investors. Consistent liquidity, demonstrated by an average 1-hour trading volume of $740.15K, supports efficient price discovery. These fundamentals fortify Monero's position as a resilient digital asset with increasing recognition amid a highly competitive sector.

Technical Analysis

Monero’s latest technical posture demonstrates consistent upward momentum across multiple timeframes. The 7-day moving average exhibits an upward trajectory, signaling persistent short-term strength. This is confirmed further by the 30-day, 90-day, and 200-day averages, all of which maintain an upward direction—emphasizing broad-based support for the current trend. Short-term volatility over 0.44% suggests moderate price fluctuations, which are typical for a privacy-focused asset like Monero. The recent 24-hour price change stands at -0.17%, reflecting active participation and minor corrections. Given these factors, the sustained movement above trend lines hints at resilience, with technical indicators collectively supporting a positive outlook unless trend reversals emerge.