Monero bulls eye 80%+ rally as two-year parabolic trend nears all-time highs
PositiveCryptocurrency
- Analyst Kevin Svenson has projected that Monero, a privacy-focused cryptocurrency, could see an 80%+ rally and reach new all-time highs by mid-2026, driven by a two-year parabolic trend and robust development activity. This optimistic outlook comes despite recent bearish trends in the market.
- The potential price appreciation of Monero is significant for investors and stakeholders, as it suggests a recovery and growth phase for the cryptocurrency, which has faced challenges in maintaining its value amid market corrections and selling pressure.
- The contrasting market dynamics highlight the volatility of cryptocurrencies, with Monero experiencing bearish patterns such as a double top formation at $438 and a decline to $375, indicating that while some analysts foresee a bullish trend, others warn of ongoing selling pressure and potential further declines.
— via World Pulse Now AI Editorial System
