XMR trades at $40 but could drop lower as the bearish trend thickens

Monero’s price remains above $140, but XMR could find it hard to maintain this position as the broader cryptocurrency continues to underperform.

XMR, the native coin of the Monero ecosystem, is down by less than 1% over the last 24 hours and is currently trading at $140.66 per coin.

The recent poor performance has erased the gains recorded earlier this week. XMR is down by…