Monero (XMR) Analysis
Monero is a popular privacy cryptocurrency specifically designed to mask the identity of users and the details of their transactions. Unlike most cryptocurrencies, where transactions are publicly viewable on the blockchain, privacy coins employ various cryptographic techniques to obscure sender and receiver information. It also masks transaction amounts, making it difficult to trace the flow of funds while maintaining user anonymity.
1. Basic Info
| Symbol | XMR |
| Name | Monero |
| Web Site | https://www.getmonero.org/ |
| Explorer | http://moneroblocks.info/,http://chainradar.com/xmr/blocks,https://blockchair.com/monero |
| Supply | 18446744 |
| Total | None |
| Market Cap | 3654824531.898988 |
| White Paper | https://github.com/monero-project/research-lab/blob/master/whitepaper/whitepaper.pdf |
| Release Date | 2014-04-19 |
2. Technical
2.1 Kline Price Chart
2.2 Technical Analysis
The recent trend indicates a period of high volatility with significant price fluctuations. From December 9th, 2024, to December 18th, 2024, the price experienced a sharp decline followed by a partial recovery, demonstrating strong selling pressure initially. Subsequently, a period of consolidation occurred, characterized by fluctuating prices within a narrower range. The data from December 21st, 2024, to December 30th, 2024, shows a mixed pattern with both up and down movements, signaling uncertain market sentiment. Towards the end of the analysis period, there is a slightly upwards movement from December 31st, 2024, to January 5th, 2025, with a notable increase in price on January 5th, 2025, which could suggest the start of a new short-term uptrend, despite lower volume on that day compared to the previous few days. However, the overall market still seems somewhat volatile and requires further analysis for confirmation. Based on the data, the price shows a short-term upward trend. The volume decrease in the last trading day might signal a temporary price rise.
