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Monero

Random Monero God Candle??The "reason" KRAKEN:XMRUSD RIPPED to $339 overnight was because of a hack: Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M) Theft address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike 50%. Apparently it was an OG Bitcoiner that had funds on a CEX (Centralized Exchange). The hacker spent upwards of 7 figured in fees across different exchanges to convert the Bitcoin into Monero. This event is in line with Bullish thesis: Very public arrests of the Bitfinex and Silk Road hackers from tracing their surveillance chain (Bitcoin) makes it obvious that privacy is of highest value. Monero has low liquidity: expect more random god candles. The relative outperformance of Monero versus Bitcoin BITFINEX:XMRBTC continues this year:
KRAKEN:XMRUSDLong
by norok
Monero: What is the "Fair Value"?Crypto investors need to be aware of Monero and its historic performance tendencies especially on a day like today. It has become the only cryptocurrency in which I think has actual USEFUL value in terms of being used as an '"currency". KRAKEN:XMRUSD for the last several years has functioned much like a stablecoin albeit with a lot of volatility. It trades within a range but one that has been steadily increasing over time. The old range used to present a fair value of around 156 within the middle of the range. The new bottom of the range sits at 196. As this bear cycle continues I will look to these supports to hold $KRAKEN:XMRUSD. I do not promise that one should expect the 10x, 100x, etc. from investing in $KRAKEN:XMRUSD. That is not what the cryptocurrency is for. Its value is in its privacy by default. Those values are; resistance against surveillance, true sovereign money, and the actual ideals of being a tool for human freedom that began cryptocurrency over a decade ago. Monero today has actually replaced Bitcoin as the currency of choice on the Dark Web... that was what gave Bitcoin its value in the early days. Besides the afore mentioned fundamental value of Monero it is important to understand what recent price history has shown about Monero versus Bitcoin during the bull/bear price cycles: Cryptocurrency Cycles The relative performance of Monero to Bitcoin (which is, basically, the crypto market) at different points over the last few years can be charted using KRAKEN:XMRBTC Since November 16, 2024 XMRBTC has performed +64%. This has happened while the price of Bitcoin has mostly stagnated by Monero has steadily appreciated in value. The period prior was from April 2024 through September 2024, again when the price of Bitcoin stagnated by Monero held and increased in value. The most important period to study for now, when Bitcoin has likely entered its bearish cycle phase, is the period between December 2021 and January 2023; the last Bitcoin bear cycle. XMRBTC outperformed by about 150% as Bitcoin went down but Monero depreciated less. This period ended when the recent Bitcoin bull cycle began. Critics will rightly point out though that "Bitcoin over time has outperformed" and they would be correct, historically. Within this truth though crypto investors need to look for a correlation that works anywhere close to this; where when Bitcoin goes down that cryptocurrency consistently holds its value against Bitcoin. There is no other major cryptocurrency that behaves this way. Knowing the cycles can provide investors with a "safe haven" potentially. Trade wisely!
BITFINEX:XMRUSDLong
by norok
3
Epic Cash = Satoshi's vision for Peer-to-Peer Digital CashEPIC CASH is what Satoshi Nakamoto would build today, using modern technology — and the valuable insights learned during Bitcoin’s (and other altcoins’) journey over the past 15 years. EPIC offers a robust and decentralized financial system that will exist for future generations, immune from geopolitical turmoil and banking crises. With a limit of just 21 million coins, EPIC follows 100% of Satoshi’s Bitcoin DNA scarcity formula. It has ALL the needed features of a decentralized, current, P2P, digital currency. Below are just some of the unique feature that make EPIC CASH superior digital cash: Scarcity with a fixed supply of only 21 million coins: EPIC maintains Bitcoin’s identical hard cap of 21 million coins — With 84% of the supply already in circulation, its ownership trajectory aligns with BTC’s, to reach 20.3 million coins by 2028. Mineable by Anyone EPIC employs a multi-algorithm mining system that allows ordinary computers to mine it with their laptops or desktops using CPU and GPU, making it accessible to over 6.4 billion devices worldwide, allowing for broad usage and continued decentralization. In contrast, BTC can only be mined on ASICs, which are large cumbersome industrial computers that need frequent replacement and have obvious onerous environmental repercussions. Privacy and Fungibility EPIC leverages Mimblewimble blockchain compression to ensure that ALL transactions are commercially private, requiring no extra steps. This ensures that EPIC is fully fungible—and every coin is indistinguishable from another, so there are no "tainted coins,” which is an Achilles’ heel of BTC. Absolute privacy is achieved via Mimblewimble technology as no wallet addresses and no transaction amounts are ever stored on the blockchain. LEARN MORE - epicash.com
by Linnovations
MOST Bullish Crypto Now? MoneroThis may come as a surprise considering how little attention it is paid but according to my most time tested analytic; the Daily Ichimoku Cloud + Chikou Confirmation, KRAKEN:XMRUSD is showing more bullish than the top cryptocurrencies. I have written for years about this study of when price versus the Ichimoku cloud is in line with Chikou (purple line, AKA Lagging Span) versus cloud. I will include a few links below to past Tradingview ideas. Let's look at some of the major cryptocurrencies that most pay attention to for comparison: INDEX:BTCUSD Bitcoin is at a precarious place. The bull trend has weakened and moved through the Ichimoku cloud. Price has breached it to the downside but that does not make it bearish yet. The final step would be Chikou to cross. At this point downward movement and/or time passing will make this true and the trend will flip bearish. Bitcoin's Ichimoku Daily analysis is what I have written most about. If followed, I have demonstrated that applying this simple strategy out performs pure HODL by a factor of 7x. KRAKEN:SOLUSD Solana is to me the next most interesting cryptocurrency at present because its use case is the most prevalent: meme coins. Solana just does them better and most of the popular meme coins that end up on the news go through this chain. SOLUSD is sitting in purely neutral territory like Bitcoin. CRYPTO:ETHUSD Ethereum is in objectively the worst shape. It has already flipped confirmed bearish. I think people sleep on Monero because it is not considered a "get rich quick" cryptocurrency. Unfortunately, the cryptocurrency market has devolved into a space for fraud and fast wealth. Monero, being privacy focused, is the leading cryptocurrency that actually facilitates the original use case of cryptocurrency which is... a currency. It has largely acted like a stablecoin the past 3 years while slowly appreciating. Don't ignore it... but also please don't pump it. I don't want the volatility. Trade wisely.
KRAKEN:XMRUSDLong
by norok
Monero's 'Basing Pattern' Breakout Points to Price Gains AheadMonero (XMR), the leading privacy-focused cryptocurrency, has recently shown signs of renewed strength, breaking above the $200 mark and confirming a bullish shift in market trend.1 This upward movement is particularly significant as it follows a prolonged period of consolidation, during which XMR formed a classic "basing pattern."2 This article will delve into the details of this technical pattern, explore the factors contributing to Monero's current momentum, and analyze the potential for further price gains in the near future. Understanding the Basing Pattern In technical analysis, a basing pattern, also known as a consolidation pattern, represents a period of price stabilization after a downtrend or a significant price drop.3 During this phase, the price trades within a relatively narrow range, forming a base for a potential future breakout.4 This pattern typically indicates that selling pressure is weakening, and buyers are beginning to accumulate the asset.5 Key characteristics of a basing pattern include: • Consolidation Range: The price trades within a defined range, bounded by support and resistance levels.6 • Decreasing Volatility: Price swings become less pronounced as the pattern develops.7 • Increased Volume on Breakout: A breakout above the resistance level is often accompanied by a significant increase in trading volume, confirming the strength of the new uptrend.8 Monero's recent price action has exhibited these characteristics. After a period of decline, XMR's price consolidated within a range, demonstrating decreasing volatility. The recent break above $200, accompanied by increased trading volume, signals a potential breakout from this basing pattern, suggesting a shift towards bullish momentum.9 Factors Contributing to Monero's Momentum Several factors could be contributing to Monero's current positive trajectory: • Increased Demand for Privacy: In an increasingly surveilled world, the demand for privacy-preserving technologies is growing.10 Monero, with its strong focus on anonymity and untraceable transactions, is well-positioned to benefit from this trend.11 • Technological Developments: Ongoing development and improvements to the Monero protocol, such as advancements in its privacy features and scalability solutions, enhance its value proposition and attract users. • Growing Adoption: While adoption of privacy coins is still relatively niche compared to mainstream cryptocurrencies, Monero has a dedicated community and sees usage in various applications where privacy is paramount. • Broader Market Sentiment: The overall cryptocurrency market has shown signs of recovery recently.12 A positive market sentiment can have a ripple effect on various cryptocurrencies, including Monero. The Significance of the $200 Breakout The break above the $200 resistance level is a crucial technical development for Monero. This level has acted as a significant barrier in the past, and breaking above it suggests a strong shift in market sentiment. This breakout confirms the potential validity of the basing pattern and opens the door for further price appreciation. Potential for Further Price Gains With the breakout confirmed, several potential price targets can be identified using technical analysis. Common methods include: • Measuring the Height of the Basing Pattern: The height of the consolidation range can be projected upwards from the breakout point to estimate a potential price target. • Identifying Fibonacci Retracement Levels: Fibonacci retracement levels can be used to identify potential resistance levels and price targets based on previous price movements.13 • Analyzing Long-Term Trends: Examining long-term charts can provide insights into potential long-term price targets. Based on these methods, potential price targets for Monero could be significantly higher than current levels. However, it's crucial to remember that these are just potential targets, and market conditions can change rapidly. Challenges and Risks While the current outlook for Monero appears positive, it's essential to acknowledge potential challenges and risks: • Regulatory Scrutiny: Privacy coins like Monero face increased regulatory scrutiny due to their potential use in illicit activities.14 Increased regulation could negatively impact their price and adoption. • Competition: Other privacy-focused cryptocurrencies and privacy-enhancing technologies are emerging, posing competition to Monero. • Market Volatility: The cryptocurrency market is inherently volatile, and even with positive technical indicators, price corrections and unexpected events can occur.15 Conclusion Monero's recent breakout above $200, following a well-defined basing pattern, suggests a potential shift towards bullish momentum.16 Factors such as increased demand for privacy, technological developments, and positive market sentiment contribute to this positive outlook. While potential price targets can be identified using technical analysis, it's essential to acknowledge the inherent risks and challenges associated with the cryptocurrency market. As always, thorough research and caution are advised when making investment decisions. The confirmation of the basing pattern and the break of the $200 resistance level does provide a strong signal for those interested in the privacy coin space.
KRAKEN:XMRUSDLong
by bryandowningqln
Monero - The Best Privacy Coin Im going to be breaking-down what I feel are the best long-term holds in each sector/category of crypto. This is the privacy sector. I will tell you the pros and cons of each project. Monero When looking at the chart for Monero, we can see that it looks very bullish. It has successfully broken out of & retested a long channel that it has been between for years. We can see that the last time Monero broke out of a multi-year channel it went on to rise 500%. Monero price action has been extremely steady compared to other cryptocurrencies over the years. In my opinion this chart looks very similar to XRP prior to it going from 0.40 to 2.50. Pros: Obviously Monero is the king of privacy coins and is the most used P2P crypto even more than Bitcoin. Monero is what Bitcoin was meant to be, and as more concerns about privacy arise, Monero will garner even more market share. Cons: Tough to buy in some countries. Monero has been heavily supressed over the years, and is often delisted from Central Exchanges. Making it difficult to purchase. All in all, this is not financial advice but instead just my opinion. Thanks for viewing my post! And make sure to check out my other posts for the top crypto in other sectors!
KRAKEN:XMRUSDLong
by Nutty_Trader
2
#Monero $XMRUSD One Year AnalysisCRYPTO:XMRUSD Keylevels / Range $120: Lowest trend price. If the price closes below this level, it would signal a bearish trend. $163: Lowest range price. A close below this level would unlock a new lower zone extending down to $120. $203: Current price. $233: Upper limit of the current channel/wedge. $370: Long-term target. Analysis: Monero has been trading within a range of $183 to $206 for the past two weeks. The price has closed above $197 for the first time since May 2022. This move potentially unlocks a new range, reaching at least $233, where the upper limit of the current channel/wedge and a monthly/weekly supply zone are located. A weekly close above $237 would strongly indicate the unlocking of a new charted zone extending from $237 to $370. Coin Bio: Monero (XMR), is a privacy-focused cryptocurrency launched in April 2014. It was originally forked from the Bytecoin blockchain. Unlike many other cryptocurrencies, Monero's primary focus is on ensuring the anonymity and untraceability of transactions. Key features include: Ring Signatures: Obfuscate the sender's identity. Ring Confidential Transactions (RingCT): Hide the transaction amount. Stealth Addresses: Create unique, one-time addresses for each transaction, obscuring the receiver's identity. These features make Monero attractive to individuals seeking financial privacy and are a core differentiator in the cryptocurrency space. It's developed by an anonymous community of developers and has gained significant traction for its commitment to private and fungible transactions. While its focus on privacy can be controversial, it remains a prominent cryptocurrency with a dedicated user base. XRMUSD specifically refers to the trading pair of Monero against the US Dollar. #CRYPTO #MONERO #XMRUSD #XMR #CRYPTOCURRENCY #AHMEDMESBAH
CRYPTO:XMRUSD
by AhmedMesbah
Monero (XMR)Monero is one of the first crypto project which focused on privacy and anonymously. After a big ascent, XMR entered into a long oscillation period in a wide side way channel. Recently, due to the Ripple (XRP) court ruling that caused pump in crypto market, XMR broke the consolidation triangle pattern upward. Could this be the start of an impulse upward wave to the channel's upper line, or even beyond? Let's see what happens. Note that this the weekly chart.
CRYPTO:XMRUSDLong
by SaeedSalehinia
XMR LOOKS SUPER BULLISH (1W)Before anything else, pay attention to the timeframe of the analysis; it’s weekly. It seems that wave C of the weekly triangle has ended, and the price has entered wave D. Wave D could progress up to the ATH or even slightly exceed it. For wave E, we will have a rejection, and then the main upward move will form. On the chart, we have marked a green line as our KEY LEVEL. As long as the price stays above this line, XMR is super bullish. A weekly candle closing below the invalidation level will invalidate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTO:XMRUSD
by behdark
Monero Outperforms Bitcoin. What does it mean?I have been pointing out on my social media and Livestreams that Monero has been outperforming Bitcoin since April 2024. This inversion in the KRAKEN:XMRBTC cross pair is interesting in itself considering most cryptocurrencies remain in high correlation to Bitcoin INDEX:BTCUSD but there is more that can be inferred by this relationship. First, we will look at the key data point in the past that could be happening and then I will offer a possible explanation for this phenomenon. Bitcoin Maxis will point out that over the last 2 years Bitcoin overall has outperformed Monero by 25%. That's not the point. It is not that Monero is a "better" long term investment. Bitcoin has far more bullish history. The point is that the last time Monero outperformed Bitcoin was through the whole 2022 bear cycle. The outperformance did not end until January of 2023 when the Bitcoin bull trend started. If history is a guide then Monero outperformance, especially sustained over many months, is an indicator itself that a bearish cycle of Bitcoin is confirmed. It also could be argued that Monero could become the "flight to safety" during bear cycles. We only have one sure data point but are currently witnessing a second. How can Monero do this? The best possible explanation is the Dark Web. On-chain transaction on Bitcoin have become prohibitively expensive. The alternative of using Lightning network, by having to setup and join nodes, negates the privacy that the Dark Web runs on. Monero has over the last few years become more dominant to the point that now it is the only cryptocurrency used on many Dark Web sites. Monero is the clear winner in the privacy use case for cryptocurrency.
by norok
Monero back in "Fair Value"Of all cryptocurrencies I see Monero KRAKEN:XMRUSD differently as a good "store of value" which is private. That makes me a little looser with my trading guidelines for other assets. Monero has also proven difficult to trade in recent years... it has had some volatile swings but overall has broadly kept its value. The recent cryptocurrency downtrend, led by Bitcoin, has finally caused the otherwise resilient Monero to break back into the 140 range. 140 on Monero for the last several years I have seen as "fair value" to accumulate. This is also the 50% Retracement of the recent trend and the Volume Profile Point of Control.
KRAKEN:XMRUSDLong
by norok
1
XMRUSDT: Bullish Butterfly Update: Bullish Breakout Seems LikelyXMR, despite the spot pairing having been delisted on Binance a few months ago, has survived and held above the PCZ that was of very much importance to the historic price action. During the delisting XMR had sold off back down to the PCZ in record volumes on the exchange, however, in spite of record selling the support still held, since then, the price has stagnated at this level potentially hinting towards accumulation. If the Support had Broken XMR likely would have crashed all the way back down to 20 but for the time being the coin has proven resilient at this price level and it would seem that we will soon be marking up to significantly higher prices as the diagonal Bearish Trend seems to be coming to a close.
Long
by RizeSenpai
Monero (XMR) or Moonero?Greetings citizens of the world Monero price today is $145 with a 24 hour trading volume of 100 million dollar. XMR price is up 0.7% in the last 24 hours and 7% since last week Monero is the top privacy centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system and after what happened to Tornado cash more "people" use XMR. 100-110$ is the most important support level for monero so if you were long from that level take some profit because at 160 we can have a little correction but if we break 160$ then 165,170 and 179 are next targets. If you want to buy monero for long term hold, 100-120$ are good dip zone for loading some coins. as you see XMR repeat its pattern in downtrend so there is no reason for FOMO or any crazy leverages
X
by moonypto
2