Search results for: monero

You probably wonder why your friends HODLing Monero (XMR) have been suspiciously joyous in the last seven days. Well, you should know that the seven days were marked with significant growth for the XMR token. At the time of press, a bullish divergence was spotted on the price charts indicating that the bull run hasContinue reading “Amid widespread weaknesses, how Monero [XMR] is managing to stay optimistic”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice USDt Dominance, which is a metric for the dominance of Tether in the crypto market, has fallen from 7.12% to 6.18% at press time. The implication of this development is that market participants have movedContinue reading “Monero [XMR] beneath the $166 mark could be a possibility if…”

Unlike Crypto OGs, newbies and paper hands in the crypto space are not familiar with the popular saying “with hardship comes ease”.  With FUD at an all-time high last week following crypto markets correction, the price of Bitcoin and several other altcoins plummeted. However, last weekend was marked with a retracement as most cryptocurrencies attemptedContinue reading “Monero [XMR], Solana [SOL], and their redemption journey post 16 May”

Following a 6-week long up-channel (white), Monero (XMR) predictably pivoted from its $283-ceiling. The past few weeks have now accounted for two bear runs, with renewed selling pressure pulling the alt to its February lows as of 10 May. In gearing up its efforts to impede the bearish pull, buyers have negated the consistent streakContinue reading “Monero [XMR] traders must watch out for these key levels before entering calls”

The broader market took a nearly 4% 24-hour plunge on its global market cap at press time. Consequently, Terra, Monero, and SAND’s 4-hour RSI dived to exhibit a bearish inclination. The bulls needed to now hold on to their immediate grounds while stalling the consistent sell-off on high volumes. Terra (LUNA) As the $101-resistance posed aContinue reading “Terra, Monero, SAND Price Analysis: 09 May”

Bitcoin has steadied itself within the $35.8k to $36.2k zone and could spend a considerable chunk of the weekend within this area. Monero and Zilliqa looked likely to test their demand areas once more. XRP had a more neutral outlook on shorter timeframes. Monero (XMR) XMR has a bearish outlook on the charts. It hasContinue reading “Monero, Zilliqa, XRP Price Analysis: 07 May”

Monero has revealed plans for an important tail emission upgrade aimed at network improvement. The upgrade highlights some key considerations including measures that will prevent inflated fees while also boosting security. The announcement which was made through Twitter revealed that the upgrade will be rolled out in block 2,641623. The tail emission will introduce aContinue reading “Monero [XMR]: Will tail emission upgrade benefit investors in short term”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. USDT Dominance, a measure of the crypto market cap possessed by Tether the stablecoin, has been rising toward 5% in the past month. The rise of this dominance metric indicated that market participants preferredContinue reading “This area can be used to buy Monero [XMR] with a longer-term time horizon”

Bitcoin’s reversal from its 4-hour 200 EMA at $42K pulled the world’s largest digital asset back toward the $38,000 mark. As a result, the wider market saw 24-hour retracements that led NEAR, Monero and Filecoin’s RSI to drop toward the oversold mark. Now that an expected bounce-back occurred, the buyers needed to up their gameContinue reading “NEAR, Monero, Filecoin Price Analysis: 27 April”

Monero is reportedly the most favored currency used by ransomware actors. A recently released study by CipherTrace reports on the trends in ransomware in 2021. The study titled, “Current Trends in Ransomware” talks about the growing trend of ransomware in the crypto ecosystem. Monero: The new face of ransomware CipherTrace analysts have found a growingContinue reading “Why Monero [XMR] is a growing favorite among ransomware groups”

Monero has extended its bullish performance for yet another week and is currently closing in on its 2022 high at $278. The price retested that level on 12 April before retracing. XMR’s continued rally may result in another resistance retest, and a major potential retracement given its extended run. Monero traded at $260.6 at theContinue reading “XMR: From historic low to ATH, will Monero go mooning next”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Monero had a short-term bullish market structure, and it flipped an important level of former resistance to support at $255. The momentum was neutral as bulls and bears skirmished over the past few hours, butContinue reading “Monero [XMR] could see more gains soon thanks to this level’s reversal”