Technical analysis by QuantumFusionWave about Symbol XMR: Buy recommendation (1/21/2025)

Monero (XMR) is currently in a critical phase, with its momentum determining the trajectory for the coming months. The market is watching whether XMR can maintain its current bullish momentum or face a temporary slowdown before resuming its upward climb.Scenario 1: Sustained Momentum to $600 by June–July 2025January 2024 Target: If XMR does not lose momentum, it is likely to reach $250 by the end of January 2024.Consolidation or Pullback: After reaching $250, XMR could enter a brief consolidation phase or experience a small pullback, allowing the market to stabilize and attract fresh buyers.Mid-2025 Rally: This stabilization will set the stage for a rally toward $600 by June–July 2025, marking a significant price surge driven by strong fundamentals and improving market sentiment.Scenario 2: Temporary Loss of Momentum Before ResumptionFebruary Retest of $175–$180: If XMR loses momentum, it could fall back to retest the $175–$180 zone in February 2024.March Recovery to $250: After this retest, XMR could regain strength and target the $250 level by March 2024.Mid-2025 Rally: Following consolidation around $250, XMR would still have the potential to reach $600 by July–August 2025, albeit on a slightly delayed timeline.Key Levels to Watch:$175–$180 (critical zone if momentum is lost).$250 (key barrier to confirm bullish continuation).Target: $600 by mid-2025 (bullish rally culmination).Summary:Monero’s ability to maintain its current momentum will define its short-term trajectory.Sustained Momentum: Reach $250 by January 2024, consolidate, and rally to $600 by June–July 2025.Temporary Slowdown: Retest $175–$180 in February, recover to $250 in March, and achieve $600 by July–August 2025.Both scenarios highlight Monero’s long-term bullish potential, with $600 as a realistic target for mid-2025.