Monero's trend is beginning to replay Bitcoin's trajectory in 2016—only this time, the pace has accelerated.
From the technical charts, XMR's current price pattern and upward momentum show clear similarities to BTC during the early stages of that bull market. However, the difference lies in the steeper acceleration of this upward cycle. The speed of the overall market sentiment shift far exceeds that of back then, and market participants' understanding of privacy coins has also undergone a qualitative change.
If this analogy holds, the key next step is whether it can break through the previous high resistance level. Once a breakout is confirmed, the subsequent upside potential could be even more significant. Of course, history will not repeat exactly, but the reference points are indeed worth paying attention to.
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GhostWalletSleuth
· 01-14 05:33
I missed the 2016 rally, can XMR double again this time?
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A steep acceleration is a good thing, but I'm worried about an even harsher dump later...
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If it can't break through the resistance level, don't boast. There are many coins with good technicals.
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Privacy coins do have potential, but what does the regulation side think?
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History doesn't repeat itself, I've heard this phrase too many times haha.
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Wait until it truly breaks out before shouting. Everything else is just armchair strategizing.
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XMR is really interesting this wave, but the key is whether the trading volume can keep up.
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The faster pace actually makes me more cautious. Is a rebound just the night before a dump?
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Blockblind
· 01-14 05:28
Accelerated historical replay? This wave of XMR is quite interesting, but breaking through the previous high might not be that easy.
No, privacy coins are only now being taken seriously? How late did everyone wake up to this?
Speeding up the 2016 rhythm easily leads to a dump, and the risk is actually greater.
The chart looks good, but I'm just worried it might turn out to be another false alarm... Bro, this analogy is a bit optimistic.
If the previous high can't be broken, all talk is pointless. Let's wait and see before hyping again.
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HodlTheDoor
· 01-14 05:09
Accelerated version 2016? Sounds good, but I'm just worried it might be an illusion.
Historical references are okay, but don't be too superstitious about comparing it to this set.
This wave of XMR is indeed a bit fierce; breaking the previous high will be the real test.
Privacy coins are definitely more accepted now than back then, but what about regulation?
Fast pace also means risks are quick; be careful not to get left behind.
Monero's trend is beginning to replay Bitcoin's trajectory in 2016—only this time, the pace has accelerated.
From the technical charts, XMR's current price pattern and upward momentum show clear similarities to BTC during the early stages of that bull market. However, the difference lies in the steeper acceleration of this upward cycle. The speed of the overall market sentiment shift far exceeds that of back then, and market participants' understanding of privacy coins has also undergone a qualitative change.
If this analogy holds, the key next step is whether it can break through the previous high resistance level. Once a breakout is confirmed, the subsequent upside potential could be even more significant. Of course, history will not repeat exactly, but the reference points are indeed worth paying attention to.