Monero

The last 24-36 hours have been difficult for most of the crypto-market, with the likes of Monero, Waves, and Maker all following Bitcoin’s lead to drop down the price charts. With BTC holding steady above the $54k-mark at press time, it seems unlikely that corrections would be around for a long time, however. Monero [XMR] Source: XMR/USD on TradingView Monero, the crypto-market’s leading privacy coin, was ranked 22nd on CoinMarketCap, at press time. Like the rest of the altcoin market, Source link

For the crypto market’s leading privacy coin, Monero, the past few weeks have noted mainly sideways movement resulting in the coin’s price consolidating around its current trading price. Despite the strong bullishness displayed in the Bitcoin market, Monero hasn’t seen enough momentum to encourage its price to breach neither its immediate resistance nor its support. At the time of writing Monero’s price is trading at $239.6 with a market cap of $4.2 billion. Despite the sideways… Source link

Even though XRP traded in the green at press time, the price remained restricted below the 38.2% Fibonacci level. Monero bulls regained a key level above the $231-mark, while ONT saw a breakdown from an ascending channel. XRP Source: XRP/USD, TradingView A look at XRP’s 4-hour charts showed that the cryptocurrency was still in the accumulation phase as breakouts in either direction from the current channel were swiftly rejected from the opposing sides. The region above 23.6% Fibonacci… Source link

Ethereum displayed signs of short-term weakness as it was unable to climb past the $1777 mark over the past few days. Monero was consolidating under resistance, and Dogecoin showed little volatility as it sought the $0.054 level of support once more. Etheruem [ETH] Source: ETH/USD on TradingView Over the past few days, the $1755-$1777 area has served as a region of both demand and supply for Ether. At the time of writing, ETH appeared to be testing it as an area of resistance, and selling… Source link

Cardano slipped beneath the $1.09 level after a bearish retest of the $1.14 mark. Monero saw some selling pressure at $220, but the tussle between bears and bulls wasn’t yet decided. VeChain was strongly bullish as it climbed toward a technical target of $0.077. Source: CoinStats Meanwhile, Bitcoin was trading at $55,669 with a 24-hour trading volume of over $58 billion. Cardano [ADA] Source: ADA/USDT on TradingView ADA slipped beneath a short-term range it had formed over the past week…. Source link

A hybrid Monero cryptominer and ransomware bug has hit 20,000 machines in 60 days. At its previous peak in February, the Monero Miner cryptocurrency ransominer was targeting more than 2,500 users a day, disguised as an antivirus installer. Now, the tricky hybrid malware is on the rise again, this time impersonating an ad blocker and OpenDNS service. In total, it has infected more than… Source link

Monero looked unlikely to break above its press time resistance since its on-chain metrics flashed red signals, at press time. UNI could see come consolidation around its press time price before continuing its strong uptrend. Finally, Zcash’s market bulls could face some stiff opposition in their attempt to climb above the $140.3-resistance level. Monero [XMR] Source: XMR/USD, TradingView The resistance level at $231 proved to be a formidable barrier as Monero failed to overturn the said… Source link

What’s Next For Monero (XMR) Monero has a main focus on privacy. It is a popular blockchain-based cryptocurrency. It has a lot of privacy-enhancing features that make it an improvement over . Monero is open-source. Monero is a digital currency that can offer a higher anonymity level for its users and their transactions than Bitcoin. However, just like Bitcoin, it is a decentralized peer-to-peer cryptocurrency. Its main difference is in… Source link

Monero is one of the rare cryptocurrencies in the market cap top25 that ended up posting week-over-week losses. Will XRM catch up in price gains, and should you consider investing in XMR now? Fundamental analysis: no fundamental improvements act against Monero this time Monero has lacked initiative when it comes to upwards price motion in the last week despite the crypto market’s bounce back up. However, XMR holders are still hopeful, as its price is seemingly creating a solid short-term… Source link

Ethereum recaptured a key resistance mark at $1,687, a level that had not been breached since the broader market pullback in late-February. Monero lacked the trading volumes and buying intensity to flip the 38.2% Fibonacci retracement level. Lastly, FTX Token eyed a rise above its overhead resistance but the indicators presented the chances of a short-term reversal. Ethereum [ETH] Source: ETH/USD, TradingView Ethereum retook the $1,680 level from the bears thanks to a surge of 6% in the… Source link