bullish

Bitcoin

Monero

Bubble

<p>Monero (XMR) price has been signifying a low to moderate risk of a price bubble. Analysis of Short Term Bubble Risk Indicator effectively tracked speculative spikes alongside their associated risks for the stipulated time period.</p> 
<p>Historically, this soars during times of heightened buying enthusiasm. This often leads to a market correction shortly thereafter if the value is at extremes.</p> 
<p>Mostly, Notably, XMR was yet to hit high-risk zones, suggesting more stable market conditions. The value of 1.28 was significantly lower than peaks in prior years. </p> 
<p>This indicates that the environment was still relatively safe for investing in <a href="https://www.thecoinrepublic.com/2024/10/02/monero-drops-6-55-after-kraken-delisting-in-european-economic-area/">Monero</a> without the immediate threat of a bubble burst.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img loading="lazy" decoding="async" width="1024" height="507" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-1024x507.jpeg" alt="" class="wp-image-886403" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-1024x507.jpeg 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-300x149.jpeg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-768x381.jpeg 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-1536x761.jpeg 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-2048x1015.jpeg 2048w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-150x74.jpeg 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-696x345.jpeg 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-1068x529.jpeg 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-84-1920x952.jpeg 1920w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XMR Short Term Bubble Risk | Source: IntoTheCryptoverse
  </figcaption>
 </figure>
</div> 
<p>During these periods, Monero’s price showed resilience, maintaining a steady uptrend without the wild fluctuations characteristic of previous years.</p> 
<p>This trend of stability suggested that the market was mature to offer a bit of safer opportunities for those looking to buy XMR. If the trend persists, it could spark future XMR growth.</p> 
<h2 class="wp-block-heading" id="h-xmr-approaching-key-support-level"><strong>XMR Approaching Key Support Level</strong></h2> 
<p>The Monero price action of XMR/USD approached a critical breakout level at $180 for a second retest. This level which was a resistance now turned support, could play a key role in the potential reversal.</p> 
<p>The MACD indicator showed diminishing selling momentum, aligning with the possibility of a sustained bullish recovery.</p> 
<p>Previously, Monero demonstrated resilience at this level, with rebounds off this level suggesting strong buyer interest.</p> 
<p>If this support level holds, it could catalyze a substantial rally. Potential Monero Price targets initially set above $230 and stretching up to and above $270.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img loading="lazy" decoding="async" width="1024" height="469" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-1024x469.png" alt="" class="wp-image-886410" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-1024x469.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-300x137.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-768x352.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-1536x704.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-2048x938.png 2048w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-150x69.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-696x319.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-1068x489.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-392-1920x880.png 1920w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XMR/USD daily chart | Source: Trading View
  </figcaption>
 </figure>
</div> 
<p>These figures are not just psychological barriers but are also indicated previous peaks and troughs of the range.</p> 
<p>Monero’s recent dip near the support at $180 presented a buying opportunity for traders anticipating the continuation of the uptrend.</p> 
<p>If XMR maintains its bullish bias and external market conditions remain favorable, Monero could surpass the $270 mark early next year.</p> 
<h2 class="wp-block-heading" id="h-monero-price-valuation-against-btc-gains-up-momentum"><strong>Monero Price Valuation Against BTC Gains Up Momentum</strong></h2> 
<p>Winding up, Monero to Bitcoin (XMR/BTC) valuation showed notable rise in XMR’s relative strength. Especially after the ratio ascended above the 0.002 mark.</p> 
<p>Historically, movements above this level signaled strong performance potential for Monero relative to Bitcoin. Particularly when Bitcoin dominance (BTC.D) was on the decline.</p> 
<p>The XMR/BTC ratio over several year was marked with volatility and trends that correlated with broader market cycles.</p> 
<p>Following a peak in 2018, the ratio faced a downward trend. This reflects stronger performance and preference for Bitcoin during this period.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img loading="lazy" decoding="async" width="1024" height="505" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-1024x505.jpeg" alt="" class="wp-image-886415" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-1024x505.jpeg 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-300x148.jpeg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-768x379.jpeg 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-1536x758.jpeg 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-2048x1010.jpeg 2048w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-150x74.jpeg 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-696x343.jpeg 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-1068x527.jpeg 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-85-1920x947.jpeg 1920w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XMR/BTC Valuation | Source: IntoTheCryptoverse
  </figcaption>
 </figure>
</div> 
<p>However, the trend saw a reversal beginning in late 2024. The ratio made a recovery from a low point, surpassing the 0.002 level.</p> 
<p>This recent XMR price rise suggested that investors were potentially seeing value in Monero as Bitcoin’s market dominance wanes, pointing towards an increased allocation towards altcoins like Monero.</p> 
<p>If this trend continues and BTC.D falls to the 40% range, XMR could see sustained up momentum, possibly outperforming Bitcoin in the short to medium term.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/12/20/monero-price-whats-the-next-if-180-level-holds-amid-low-risk-sentiment/">Monero Price: What’s The Next If $180 Level Holds Amid Low Risk Sentiment?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Monero Price: What’s The Next If $180 Level Holds Amid Low Risk Sentiment?

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