Why Monero Is Struggling To Crack This Resistance Level Since September
Monero (XMR), an open-source, privacy-oriented cryptocurrency launched in 2014, managed to reach the $151 marker on November 2 as it briefly rallied before it experienced slight price correction. Here’s a quick glance at XMR trajectory: Over the last two months, Monero traded at a narrow range that peaked at $152 Surpassing the crucial $156 marker will enable XMR to climb all the way to $172 Failure in increasing trading volume will most likely pull the crypto down to $148 At the time of this writing, according to tracking from Coingecko, the altcoin is changing hands at $149.10,....
Related News
Monero price has been bullish despite the broader market trends. Over the last 24 hours, XMR has continued moving up on its chart. It gained close to 4%. In the past week, Monero price gained significantly as there was a 9% appreciation on the altcoin’s chart. The technical outlook for the coin was bullish on the one-day chart. Monero has experienced low buying pressure over the past few days. The technical indicator now displayed that buying strength was recovering on the charts, which meant that XMR could be headed close to its next resistance mark. With increased demand, XMR could....
Monero (XMR) spiked to its peak levels in three months, in the face of challenges in the crypto market. XMR has been gaining momentum since June 13 as it has been enjoying highest highs over the past few months. The token has been on an uptrend for the fourth day in a row and today it’s at fever-pitch with an intraday high beaming at $153.09 3hich is considerably the highest gain it has had since June 13. With this big move, XMR/USD has set its targets on a new resistance level at $155, which will be considered as the price ceiling for many traders. This new price ceiling will come in....
A new Monero update brings improvements in performance, speed, and security amid increased scrutiny from law enforcement and developments from competitors First announced in September, Monero developers today went live with a network update featuring a new version of its node software, codenamed 'Oxygen Orion.' The product of 30 contributors, the update promises significant improvement across nearly all aspects of the privacy-focused cryptocurrency’s performance. The highlight of the new update is the compact linkable spontaneous anonymous group (CLSAG) feature. According to the Monero....
Cardano (ADA), as it appears, is one of the altcoins which have failed to capitalize on the short-lived rally of the crypto market to once again push its overall valuation to above $1 trillion. In fact, the cryptocurrency was surpassed by Dogecoin in terms of market capitalization as ADA now ranks 9th in that particular list having a total cap of $14.30 billion. At press time, according the data from Coingecko, the asset is trading at $0.4101 and is up by 5% over the last seven days and by 20.1% for the past two weeks. However, one glaring problem with Cardano right now is its 6.1% decline....
Increasingly, the subject of anonymity-focused Monero has been popping up on blockchain forums. According to Google Trends, searches on the topic surged by about 700% in August 2016. What is Monero? How is it Different from Bitcoin? Monero is currently one of the most traded cryptocurrencies. It ranks sixth in cryptocurrency market capitalization. Its market cap is about $150 million USD, and its value is about 1% of that of bitcoin. In the month of September, Monero’s price hit an all-time high of about $14. The price was around $2 the previous month. The rise in price and the growing....