
Jakarta, Pintu News – Monero (XMR), the privacy-focused cryptocurrency, recently reached a new peak high of $611.01. This rise marks a watershed moment for Monero which has been an impressive performer with gains of nearly 21% in a single day and 43% in the past week. This rise has been driven by renewed interest in the privacy token and increased liquidity flow to the project.

Monero has managed to break the macro resistance that has long been a barrier to its price rise. By breaking the $600 barrier, Monero not only set a new price record but also caught the attention of investors and analysts around the world. Monero’s market capitalization has now reached $10 billion, an achievement that confirms its position in the crypto market.
Peter Brandt, a veteran trader, observes that the current Monero price trend is similar to what happened to silver a few decades ago. According to Brandt, if Monero follows the same pattern, then we could witness a huge rally that would take the Monero price to levels never reached before.
Also Read: 6 Robert Kiyosaki Prediction Facts: Silver to US$100 and New All-Time High in 2026?
TraderSZ, a market watcher, expressed optimism for Monero after it broke through a critical resistance area. If this momentum continues, Monero could reach a price target of $685, which would mean an increase of more than 30% from the resistance level. Furthermore, the price could jump between 50% and 80%, towards $790 and $900.
However, not all analysts share this bullish view. Ali Martinez, for example, warns about a potential major correction. According to his analysis, Monero has formed a rising wedge pattern since 2017, which could indicate a long-term price drop of 50% towards the $300 area.
Despite some unfavorable predictions, the current market structure is still showing bullish signs. Analyst 0xMarioNawfal emphasized that Monero continues to show an aggressive upward trend with strong momentum and little drawdown.
As long as the price can hold above the latest breakout level, the bullish trend is likely to continue. However, investors should remain wary of market volatility and potential corrections that could occur at any time. Given the complexity and uncertainty of the crypto market, it is important for investors to conduct in-depth research before making any investment decisions.
With its recent achievements, Monero has established itself as one of the most exciting crypto assets of the year. Although there are some risks, the potential for further growth still seems to be huge. Investors and market watchers will continue to monitor Monero’s development for the foreseeable future.
Also Read: Monero Hits Record High, Investors Leave Zcash!
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.