Is Monero traceable in 2024?

Could you please clarify for me, will Monero remain traceable in the year 2024? Given the advancements in blockchain technology and the evolving nature of cryptocurrencies, I'm curious about the privacy protections Monero offers and whether these will be sufficient to maintain anonymity in the future. Could you also discuss any potential challenges or improvements that may arise in the next few years that could affect the traceability of Monero transactions? I'm interested in understanding the long-term sustainability of Monero's privacy features and how they might evolve over time. Thank you for your insights.