Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?
Monero has its hands full trying to keep its momentum and rally forward. But, it must first overcome obstacles. As do other tokens. The token is trying to keep up with the upward tilt. Remarkably, XMR price is trying hard to recover and keep up with the pace but it seems XMR is doing a great job as it’s currently on the green and winging it. The daily price chart shows that XMR price is trying to soar upwards. Monero is gaining strides as it shoots up close to the top trendline of the channel. In order for XMR to rebound or go through the target resistance, the coin must maintain its....
Related News
Cardano spikes by 5% as seen on the daily price chart Bulls likely to touch bullish triangle from $0.67 to $0.69 ADA at risk of retreating to $0.50 Cardano (ADA) price is looking straightforward bullish today bouncing back from yesterday’s dip. However, the price isn’t completely out of risk. ADA plunged to roughly $0.5067 yesterday and then increased to more than 5% shooting to $0.5401 today. Related Reading: Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance? ADA Price Spikes By 5.41% According to CoinMarketCap, ADA price has spiked by 5.41% or $0.5394 as of this....
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....
Regulatory scrutiny is likely garnering more attention for monero amid an upward-trending broader market.
Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies.
Fluffypony Pleads Not Guilty
The so-called crypto mogul and former Monero lead developer, Riccardo Spagni, has been charged with 378 counts of fraud by the South African government, a report has said. The charges follow allegations that Spagni defrauded his former employer of more than $93,500 (R1,453,561). The crimes are alleged to have taken....
Monero has ranked among the top altcoins since its release in April, even earning its own market as a trading pair on the altcoin exchange Poloniex. However, the Monero price has been in decline for the past several months. CCN examines this altcoin price movement to help investors make wise trading decisions. Also Read: Monero Market Added To Poloniex Cryptocurrency Exchange. Monero Price Trending Downwards. The Monero price has been in decline for several months, and the fall continued during the past week. On October 24, the Monero price was 212,653 satoshis. Over the next two days, the....