Tag: monero price analysis

Aug 16 2022

XMR Price Analysis: RSI Divergence Threatens For Upcoming Correction

Aug 16 2022 Published at Coingape under tags  monero monero price analysis price analysis

Earlier today, the Monero (XMR) price jumped 7% and pierced the weekly resistance of $170. However, the price couldn't sustain above this level and reverted immediately, displaying a high price rejection indicating the sellers continue to defend this level. If the selling pressure persists, the altcoin may retest the supporting trendline to rebound, but will The post XMR Price Analysis: RSI Divergence Threatens...

Aug 13 2022

Just-In: Monero (XMR) Hard Fork Today, Here’s How The Price May Move

The Monero (XMR) price has skyrocketed by over 7% in a day before the scheduled network hard fork on August 13. The privacy cryptocurrency protocol will undergo a network upgrade via a hard fork to improve transaction privacy, speed, security, wallet syncing, and reduce fee volatility. A continuous 65% upside rally since mid-June indicates a The post Just-In: Monero (XMR) Hard Fork Today,...

Aug 08 2022

XMR Price Analysis: Post-Correction Rally May Surge Prices Above $175

A parallel channel pattern of the daily time frame chart directs the ongoing recovery in the XMR/USDT pair. With the coin price currently trading at the $162.7 mark, the bull run has registered a 73.56% from the $96.8 support. However, with the momentum indicator(RSI) projecting negative divergence, the altcoin seems under bearish threat. Key points: The post XMR Price Analysis: Post-Correction Rally May...

Aug 02 2022

XMR Price Analysis: $152 Flipped Support Encourages an 11% Price Jump

Aug 02 2022 Published at Coingape under tags  monero price analysis price analysis xmr

The XMR price maintains a bullish trend within a rising channel pattern after the positive turnaround from the psychological mark of $100. However, as the selling pressure grows above the $150 mark, the possibility of a correction increases, teasing a potential bearish breakout. Should you trust the prevailing trend, or will the correcting market affect The post XMR Price Analysis: $152 Flipped Support...

Jul 26 2022

Monero Price Analysis: XMR Consolidates Below $150.0; Are You Still Buying?

Jul 26 2022 Published at Coingape under tags  monero price analysis price analysis

The Monero (XMR) price performed well in the crypto space, resulting in a 44% increase in its 24-hour trading volume. The XMR buyers have kept the buying interest as the price rebounds from the lower levels. XMR price prints some fresh gains following a previous day's sell-off. The bulls managed to gain traction despite an...

May 06 2022

Monero (XMR) To Protect Miners’ Interest By Introducing Tail Emission In 30 Days

The Monero community is working on some key measures to guard the interest of its miners. In this regard, Monero (XMR) shall be introducing an upgrade dubbed Tail Emission in the coming days. Tail Emission, as the name suggests, is a "minimum subsidy" "to keep fees reasonable, ensure a lower bound of network security, and...

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