Cryptoinsightuk analyst Will Taylor says Monero’s long-term chart pattern could push it toward $1,000, and possibly as high as $1,160, if the current weekly trend continues. Taylor shared a weekly XMR chart on X and linked the setup to a broader view on privacy coins, arguing that Monero’s market structure has kept improving despite regulatory and exchange pressure on privacy-focused assets. “I’m watching to see if this trend holds or not. We’re seeing higher lows and higher highs in the structure, with bigger price swings on the upside. I’m thinking a target below or around the $1,000 psychological level,” Taylor wrote. He added that a more aggressive target sits above that. “We still have today to confirm on the weekly chart, but it’s just an idea. There’s also a case for the $1,160 area, which lines up with the 2.618 Fibonacci level.”
The Idea Behind Monero
The chart shows Monero trading near $388 against USDT on KuCoin. Based on the chart’s measurements, a move toward $1,160 would mean a gain of about 200% from the highlighted area. Taylor’s market-cap chart also shows XMR around $7.15 billion, with Fibonacci extension levels plotted above the current range.
Related Reading: Monero Triggers Retail Alert That Preceded ZEC And DASH Drops As Privacy Coin Hype Returns
Taylor’s view isn’t just based on short-term price patterns. In a longer note from The Weekly Insight, he framed Monero as a bet on the lasting demand for crypto privacy, even as regulators and exchanges crack down on privacy tokens. “The next token I want to look at is XMR (Monero). There’s been a global push to basically stop privacy tokens like Monero and Dash because they make transactions hard, if not impossible, to trace. I’d like to remind everyone that this was the original vision for crypto—an anonymous, decentralized financial system.”
That idea is central to his argument. For Taylor, delistings and regulatory scrutiny don’t kill the market for privacy assets; they might actually sharpen the divide between coins built for compliance and those built for transaction privacy. “Even though privacy tokens are being removed from exchanges, there’s still a real market for them, no matter how big that market is. Many people, including me, value privacy and believe it will keep playing a key role in crypto’s future.”
Related Reading: Monero (XMR) Rockets 51% To New ATH, But Watch Out For FOMO
Taylor also focused on market capitalization rather than just price, noting that Monero’s current market cap is around $6 billion in his analysis. He said Fibonacci extensions suggest the asset’s value could rise significantly if the pattern plays out as expected. “Using Fibonacci extensions, we could see its market cap climb to $35 billion,” he wrote. “Since it’s been delisted from many exchanges recently, it’s important to consider market cap as a key factor.”
Taylor described Monero’s history as a big jump from early lows, followed by years of consolidation or accumulation, which he sees as a possible foundation for a larger upward move. “This, to me, suggests we could see explosive price action to the upside in the future. I believe the narrative for privacy tokens is strong and growing, especially as mainstream adoption increases and surveillance in crypto tightens. Privacy is likely to become a critical part of the market in the years to come.”
At press time, XMR traded at $387.97.
Featured image created with DALL.E, chart from TradingView.com
Frequently Asked Questions
Here is a list of FAQs based on the prediction that Monero could rally to 1160
BeginnerLevel Questions
1 What is Monero
Monero is a privacyfocused cryptocurrency Unlike Bitcoin it hides the sender receiver and amount of every transaction by default
2 Why is an analyst predicting Monero will hit 1160
Analysts often look at technical chart patterns increasing trading volume or growing demand for privacy coins The specific prediction likely points to a bullish technical setup
3 Is 1160 a guaranteed price target
No This is a prediction not a guarantee Cryptocurrency markets are highly volatile and prices can go up or down rapidly based on news regulation or market sentiment
4 What would a rally to 1160 mean for my investment
If you bought Monero at a lower price a rally to 1160 would mean a significant profit For example if you bought at 150 your investment would grow by over 670
5 Should I buy Monero right now because of this prediction
Not automatically Always do your own research Consider your risk tolerance and never invest money you cant afford to lose A single prediction is just one opinion
Intermediate Advanced Questions
6 How does Moneros privacy technology work
Monero uses three key technologies Ring Signatures Stealth Addresses and RingCT
7 What technical indicators might support a rally to 1160
Analysts might point to a bull flag pattern on the weekly chart a breakout above a key resistance level or a golden cross
8 How does Moneros supply differ from Bitcoins
Bitcoin has a hard cap of 21 million coins Monero has a