Key takeaways Monero has hit a new all-time high of $596 after outperforming the other major cryptocurrencies. XMR is currently the 12th-largest cryptocurrency Key takeaways Monero has hit a new all-time high of $596 after outperforming the other major cryptocurrencies. XMR is currently the 12th-largest cryptocurrency

Monero price forecast: Is XMR heading towards $700?

2026/01/12 21:25

Key takeaways

  • Monero has hit a new all-time high of $596 after outperforming the other major cryptocurrencies.
  • XMR is currently the 12th-largest cryptocurrency by market cap.

XMR hits a new all-time high of $596

XMR, the native coin of the Monero blockchain, is the best performer among the top 20 cryptocurrencies by market cap. It is up 15% in the last 24 hours and is currently trading at $573 per coin.

The privacy coin hit an all-time high of $596 during the early hours of Monday, but has slightly retraced due to the poor performance by Bitcoin and other leading cryptocurrencies. 

XMR is up by nearly 35% since the start of the month as the Zcash developers’ crisis boosts capital rotation to Monero. If the coin crosses the $600 mark, it could rally towards a new all-time high of $640 in the near term.

The rally comes as privacy coins record excellent gains thanks to growing retail demand.  Zcash and other privacy-related assets, such as Canton, also advanced, extending gains that began in late December.

XMR could rally towards $700

The XMR/USD 4-hour chart is bullish but inefficient thanks to Monero’s violent upward movement since the start of the year. The technical indicators suggest that the coin could rally higher in the near term. 

The Relative Strength Index (RSI) is at 80, signaling intense overbought conditions with an underlying risk of unsustainable buying pressure. 

Furthermore, the Moving Average Convergence Divergence (MACD) extends the upward trend, suggesting heightened trend momentum.

If the rally continues, XMR could surge towards a new all-time high of $640, with the $700 psychological mark also a possibility in the near term.

However, if the bears regain control of the market, XMR could retest the $569 support level over the next few hours. An extended bearish performance could see XMR gain efficiency on the 4-hour timeframe at $489.

The post Monero price forecast: Is XMR heading towards $700? appeared first on CoinJournal.

시장 기회
모네로 로고
모네로 가격(XMR)
$697.21
$697.21$697.21
+1.94%
USD
모네로 (XMR) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, [email protected]으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

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