Is Monero About to Hit $400? Here’s What You Missed!

The Monero price has done what we all thought was impossible: it’s back at $350 after a week of pure magic. I mean, sure, it’s not $400 yet, but hey, miracles can happen, right? With a market cap now sitting at a casual $6.56 billion and a market dominance of 0.1977%, it’s clear that XMR is starting to get some serious attention. And, spoiler alert, this is just the beginning!

In case you missed it (and I’m sure you didn’t, because who could?), the trading volume has jumped 65% in the last 24 hours. I can almost hear the sound of crypto enthusiasts everywhere throwing their hats in the air. XMR has also made it to the top of the daily gainers list—like, hello, where’s the parade? Oh, and just for fun, it’s up 29.85% over the last 30 days, which is like the financial equivalent of a marathon runner crossing the finish line first. 🏅

Now, let’s talk about this rise-and-fall drama that unfolded in April and May. Monero started in a nice little rising wedge (not the cheesy kind you get at a deli), and then, *bam*, the price drops to $313. Traders briefly thought they’d seen the end of the world. (Cue the dramatic music.) But surprise, it didn’t crash. No market apocalypse today, folks!

Fast-forward to the May-to-June transition. It’s like the stock market got a cup of coffee and decided to start running. In just three consecutive trading days, we saw a 12% jump. I mean, someone get this market a motivational speaker! With the EMA 50-day providing strong support around $311 and the 200-day holding steady at $214.59, we’re seeing a growing sense of optimism. Finally, we can breathe again. 😌

The Moving Average Convergence Divergence (MACD) is showing a little sigh of relief, creeping towards neutral territory. But here’s the kicker: the 12 & 26-day EMA indicators? They’re a whole different story. Looks like someone’s got their eyes on the prize. Will Monero take off this week? Time will tell, but we’re not exactly playing a game of limbo here—things are looking up. 🚀

Is Monero Ready to Rocket to $400?

If Monero keeps up this bullish trend, it could totally revisit its weekly high of $406. But, here’s the catch: if the market gets all moody and starts liquidating like it’s 2008 again, we could be seeing a sad retreat back to the $313 range. Worst-case scenario? XMR could dip as low as $270. But let’s not focus on the negative. In reality, it’s probably going to hover around $313 as its lowest low and aim for $375 as its next big test zone.

2025-06-02 20:54

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Is Monero About to Hit $400? Here’s What You Missed!

Is Monero Ready to Rocket to $400?

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