Analyst projects 200% Monero rally toward $1,160 if trend holds
Monero could run to $1,000–$1,160 if the weekly uptrend holds, says analyst Will Taylor. He shared a weekly setup and sees momentum building.
Taylor links the move to a stronger multi‑year structure in Monero (XMR) despite delistings and regulatory pressure on privacy coins. He frames it as a bet on ongoing crypto privacy demand, even as oversight increases, citing the persistent split between compliance‑visible assets and confidential ones according to his thesis and broader debates around privacy in crypto outlined here.
“We still have today to confirm on the weekly of course, but just an idea. I’m thinking a TP below or around $1,000,” he wrote. “There is also an argument for the $1,160 region that would align with the 2.618 fib level.”
Key levels and context:
- XMR traded near $388 versus USDT on the referenced chart
- Initial target near $1,000 psychological level
- Aggressive target around $1,160 on the 2.618 Fib
Delistings and scrutiny have not ended demand, Taylor argues. He notes privacy tokens like Dash and XMR serve users who value confidentiality, a segment he expects to persist.
At press time, XMR changed hands around $387.97 against USDT on the displayed feed.
