{"id":356,"date":"2025-05-21T15:50:21","date_gmt":"2025-05-21T15:50:21","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-moneros-xmr-price-surge-40-and-revisit-all-time-high\/"},"modified":"2025-05-21T15:50:22","modified_gmt":"2025-05-21T15:50:22","slug":"can-moneros-xmr-price-surge-40-and-revisit-all-time-high","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-moneros-xmr-price-surge-40-and-revisit-all-time-high\/","title":{"rendered":"Can Monero\u2019s XMR price surge 40% and revisit all-time high?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Monero price continues to chart its own path this month as demand for the biggest privacy coin rises.<\/p>\n<p>Monero (XMR) has rallied for seven consecutive weeks as Bitcoin (BTC) and other altcoins stalled. It jumped to a high of $367.67 this week, its highest level since May 17, up by 265% from its lowest level in 2024.<\/p>\n<p>Monero gained momentum following the Tornado Cash (TORN) court ruling and the eventual lifting of U.S. government sanctions, which drove investors back to privacy coins.\u00a0<\/p>\n<p>One hope is that centralized exchanges that previously delisted it, like Binance and Coinbase, will relist it this year. Additionally, the Donald Trump administration is composed of pro-crypto officials, including Paul Atkins, the head of the SEC.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Monero\u2019s surge continues this week even as the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinwarz.com\/mining\/monero\/hashrate-chart#:~:text=The%20current%20Monero%20hashrate%20is,all%20time%20Monero%20historical%20hashrates.\" target=\"_blank\">hash rate crashed<\/a> to its lowest point since May 13. It dropped from a record high of 5.64 GH\/s last week to 4.51 GH\/s. Hash rate refers to the computational power used by a network to process and validate transactions. A falling hash rate indicates reduced mining activity in the network.<\/p>\n<h2 class=\"wp-block-heading\">XMR price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14381040\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">XMR price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The weekly chart shows that the XMR price has been in a strong bullish trend over the past few weeks. This rebound followed a prolonged period in which the coin remained between the support and resistance levels at $134.42 and $186.18 for over two years.<\/p>\n<p>This consolidation was likely part of the accumulation phase of the Wyckoff Theory. It has now moved into the markup phase, which is characterized by higher demand than supply.<\/p>\n<p>Monero has moved above all moving averages. Additionally, the Average Directional Index has risen to 25, a sign that the trend is strengthening. The Relative Strength Index and the Stochastic Oscillator have both reached overbought territory.<\/p>\n<p>Therefore, the coin will likely keep soaring as bulls target the all-time high of $515, which is about 40% above the current level. An alternative scenario is that it drops to retest the support at $200 before resuming the uptrend.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Monero price continues to chart its own path this month as demand for the biggest privacy coin rises. Monero (XMR) has rallied for seven consecutive weeks as Bitcoin (BTC) and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=356"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/356\/revisions"}],"predecessor-version":[{"id":358,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/356\/revisions\/358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/357"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}