{"id":62461,"date":"2025-04-28T08:54:21","date_gmt":"2025-04-28T08:54:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=62461"},"modified":"2025-04-28T08:54:21","modified_gmt":"2025-04-28T08:54:21","slug":"monero-xmr-soars-by-40-daily-what-are-the-next-targets","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=62461","title":{"rendered":"Monero (XMR) Soars by 40% Daily: What are the Next Targets?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

XMR pumped substantially in the past 24 hours <\/span>and flipped<\/span> popular altcoins like Hyperliquid (HYPE) and Pi Network (PI) in market cap rankings.<\/span>
\nAnalysts predict further gains, citing technical patterns like an ascending triangle, setting targets above $450.<\/span><\/p>\n

<\/a><\/span><\/h2>\n

Resurgence at Last<\/h2>\n

The US elections in early November last year brought a lot of hope and hype in the cryptocurrency space, which sent many digital assets flying. Some, such as bitcoin, managed to break their previous all-time high. The largest cryptocurrency\u2019s new peak<\/a> now stands at $110,000, registered just over three months ago.<\/p>\n

Others, such as Monero (XMR), registered notable gains of around 50% from early November to a February peak of $240. However, the privacy token failed to break its all-time high.<\/p>\n

The landscape changed entirely in the past 24 hours as XMR registered a massive green candle. The price of the popular privacy coin exploded to a nearly four-year high of almost $350 before sliding to the current $307 (per CoinGecko\u2019s data).
\n<\/span><\/p>\n

<\/a>XMR Price, Source: CoinGecko<\/p>\n

It is interesting to note that<\/span> the asset\u2019s market capitalization soared by approximately $2 billion in a matter of hours, and as of this writing, it stands just south of $6 billion.<\/span> This<\/span> makes XMR the 27th-largest cryptocurrency, flipping well-known altcoins like Hyperliquid (HYPE), Pi Network (PI), <\/span>and others<\/span>.\u00a0<\/span><\/p>\n

Further Rally Incoming?<\/span><\/h2>\n

From a fundamental perspective, it seems like there is no catalyst (at least as of now) for XMR\u2019s latest price pump. However, numerous analysts pointed out <\/span>certain<\/span> technical indicators suggesting the coin has yet to unveil its full potential.<\/span><\/p>\n

The X user JAVON MARKS explored XMR\u2019s price chart over the past several years and assumed<\/a> that it \u201clooks to be headed right towards its target at the $484.44 level.\u201d<\/span><\/p>\n

\u201cWith this target still in play, another near +75% upside to reach it can take place,\u201d they added.<\/span><\/p>\n

For their part, Edward Morra <\/span>said<\/span><\/a> holders have been waiting for four years for this breakout, calling it \u201cmuch deserved.\u201d\u00a0<\/span><\/p>\n

\u201cUsually, you don\u2019t fade this type of pump coming out of multi-year accumulation bottoms (this is pico top),\u201d the analyst stated.<\/span><\/p>\n

Mihir chipped in, too, <\/span>arguing<\/span><\/a> that XMR <\/span>is poised<\/span> for a jump to as high as $465 based on the formation of \u201ca giant ascending triangle.\u201d\u00a0<\/span><\/p>\n

The post Monero (XMR) Soars by 40% Daily: What are the Next Targets?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XMR pumped substantially in the past 24 hours and flipped popular altcoins like Hyperliquid (HYPE) and Pi Network (PI) in market cap rankings. Analysts predict further gains, citing technical patterns like an ascending triangle, setting targets above $450. Resurgence at Last The US elections in early November last year brought a lot of hope […]<\/p>\n","protected":false},"author":0,"featured_media":62462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62461"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62461"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/62462"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}