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Monero’s parabolic trend and bullish outlook
Analyst Kevin Svenson has outlined a bullish case for Monero (XMR), arguing the privacy-focused cryptocurrency has quietly formed a two-year parabolic uptrend that could push prices more than 80% higher and retest or exceed prior all-time highs by mid-2026. Svenson’s view centers on a sustained technical setup that, if maintained, may set the stage for an extended rally into July 2026.
What the chart says
Svenson describes the technical pattern as a multi-year parabolic trajectory that has steadily pushed XMR toward previous highs. Parabolic trends often indicate strong momentum, and if Monero maintains its current slope, the analyst reasons the privacy coin could reach new peak values by mid-2026. While technical analysis is not predictive certainty, it helps traders identify probable scenarios and potential resistance or breakout zones.
Developer activity backs the thesis
On-chain and off-chain metrics add context to the price thesis. Analytics firm Santiment places Monero among the most active privacy projects on GitHub, reporting seven notable GitHub events over the past 30 days and ranking XMR sixth among privacy coins for development activity. Strong developer engagement typically signals ongoing protocol work, bug fixes, improvements to privacy layers, and a healthier long-term outlook for blockchain projects.
laptop-jpg.avif" width="730" height="360">Development activity can be a leading indicator of sustained investor interest: consistent commits, pull requests, and releases suggest teams are committed to maintaining and upgrading the protocol, which can support market confidence.
How Monero compares to the broader market
Svenson’s bullish stance contrasts with a generally sluggish crypto market. While many assets remain range-bound or lack strong momentum, Monero’s technical picture is distinct, supported by developer activity and increasing attention from traders focused on privacy coins. That said, there is no broad analyst consensus on Svenson’s specific upside target, and risks persist, including macro correlation, regulatory scrutiny of privacy tokens, and typical volatility in the crypto market.
Outlook and risk considerations
Monero’s potential path toward new all-time highs rests on the continuation of its parabolic trend, ongoing developer work, and favorable market conditions. Traders and investors should monitor XMR’s price action, GitHub metrics, on-chain indicators, and macro correlations — particularly with Bitcoin and equities — before making allocation decisions. As always, combine technical analysis with fundamental signals and risk management when trading privacy coins or any digital asset.
Source: crypto
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