Part 3/8:
Fast forward to March 2020, amidst the global downturn caused by the COVID-19 pandemic, Monero reached a low of $25.29. However, it bounced back, setting a new all-time high of around $1,948, indicating the typical phenomenon of diminishing returns; future price swings are likely to offer lower percentage gains than in previous cycles.
Analytical Approach: Using Predictive Tools
To forecast Monero's price trajectory, two analytical tools are utilized: Fibonacci retracements and the Elliott Wave theory.