Monero

Monero and Zcash have been trading inside massive uptrends since March 2020. Both cryptocurrencies have just defended crucial support levels and aim to resume uptrends. In the past week, privacy coins have been underperforming in comparison to others. Monero price had a massive 50% spike at the beginning of 2021 but plummeted shortly after hitting a low of $121.8 on January 22. Zcash, on the other hand, had an even stronger pump of 122% and continues to trade 70%… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The Monero market like most altcoin markets remained largely unaffected by Bitcoin’s price activity yesterday, and despite a small drop it remained above its crucial support. Although there has been a development of a bearish trend, the XMR’s value is holding the $137.33 price level, at the time of writing. Monero one-hour chart Source: XMRUSD on… Source link

Monero, at press time, was overwhelmed by selling pressure in the market and lost the important level of support at $130, while Ontology displayed a bullish divergence and effected a bounce. At the time of writing, it was valued at $0.55 and could climb as high as $0.58. Finally, Dogecoin surged by 90% in the hours before press time, before retracing some of the gains made. Monero [XMR] Source: XMR/USDT on TradingView Monero has been trending lower on the charts since mid-January. The… Source link

Monero succumbed to yet another support level as the price moved below $134.4. Aave retraced from record levels, but the market still belonged to the bulls and the price could surge to fresher highs over the next few trading sessions. Finally, ENJ showed signs of a bearish pullback and a southbound move could see the price test the $0.375-support level. Monero [XMR] Source: XMR/USD, TradingView After dropping below the $152.7-mark, Monero fell below several support levels and was unable to… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero‘s price was hovering just above the lower trendline of a bearish pattern at press time, with the crypto anticipating a bounce higher. A successful bounce could push the privacy coin’s price up by 18%. However, a breach of the trendline could drown XMR by 16%. Hence, Monero seemed to be in a make or break situation and its fate will be decided over… Source link

Monero price is crawling back after it dropped by more than 26% in the past few days. The XMR price is trading at $140, which is slightly higher than last week’s low of $123. Other cryptocurrencies have also risen, bringing the total market cap to more than $987 billion. Good news for Monero? Monero price has wavered recently even after some good news for the leader in privacy transactions. During her testimony last week, Janet Yellen said that her… Source link

The major cryptocurrencies in the market have been consolidating but in most markets, bullish trends have been overtaken by bearish ones. Major cryptocurrencies like Chainlink [LINK], Monero [XMR], and BitTorrent [BTT] have been currently noting rising pressure from the sellers. Source: CoinStats Meanwhile, for the world’s largest cryptocurrency – Bitcoin, the past 24-hours saw the price increase by a negligible 0.8 percent and currently trades at $32,144 at press time. Chainlink… Source link

Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s fall on the price charts had a lasting impact on many of the market’s altcoins. Privacy coin Monero saw its price drop dramatically, with XMR registering losses to the tune of close to 20 percent. In the coming days, it will be interesting to see if Monero is able to recover its sudden losses. Interestingly, despite the substantial drop in price… Source link

The entire cryptocurrency market lost more than $100 billion in market capitalization. Privacy coins didn’t survive either losing more than 10% of their value within the past 24 hours. Monero price is down by 10% following Bitcoin’s bearish rally. Similarly, Dash and Zcash also lost around 10% of their price in the past 24 hours and have established short-term downtrends.  Monero price can quickly fall towards $120 On the 3-day chart, Monero was trading… Source link

@poutintsevFilip Poutintsev Crypto Currency, Anarcho-Capitalism and Life Extension Advocate. www.poutintsev.com Monero (XMR) and ZCash (ZEC) are the two most popular privacy-centric peer-to-peer crypto-networks of confidential value circulation (or crypto-hawalas, if you will). Although both in practice conceal sender, receiver, amounts and balances, they implement very different mechanisms and protocols and work in altogether different ways to achieve that. We’ve already covered both in two… Source link