Monero Struggles In A Range Ahead Of $200 Rally, Will Price Breakout?

XRM price breaks down into a ranging channel as price failed to break above resistance, holding price from trending higher.  XRM trades below 50 and 200-day Exponential Moving Average as the price struggles to regain bullish signs as the price continues ranging in a descending triangle.

Timeline of Monero

An unidentified spammer has wreaked havoc with Zcash node operators by filling transaction blocks with myriad shielded transaction outputs. The post Are Monero Developers Behind the Latest Zcash Attack?

Monero recently announced an upgrade that can easily be dismissed as another run-of-the-mill security update. A deeper dive, especially in regards to the reason behind the upgrade reveals that it is an important upgrade for security future-proofing.

Global crypto exchange Huobi Global (HT/USD) has announced its delisting of several privacy coins, some of them very popular and widely adopted across the ecosystem, according to the latest in crypto news from the company .

Huobi, one of the world's leading crypto exchanges, has announced that it will delist seven seven privacy tokens in order to achieve compliance with tightening financial regulations.

Huobi Global has unveiled its plans to delist privacy tokens, counting Monero (XMR), Dash (DSH), Decred (DCR), Firo (FIRO), Verge (XVG), Zcash (ZEC) and Horizen (ZEN) as the digital assets that will be affected.

Introduction With hundreds of different currencies available, cryptocurrencies are the way of the future for trade. Youth are particularly interested in cryptocurrencies more than anyone else due to their volatility and inherent danger.

A Turkish-based cryptocurrency malware called ‘Nitrokod' has infected over 100,000 personal computers across 11 countries. What Happened: A new report from cybersecurity firm Check Point Research found that a malware application disguised as popular desktop applications has been making its way across the globe, largely undetected since 2019.

On August 13, Monero (XMR) successfully implemented a non-contentious hard fork at a block height of 2,688,888, enhancing the security and privacy features of the coin. This update introduced Bulletproofs+ algorithm, reducing transaction sizes by 5%-7% and improving verification performance by 5%-7%.

If you bought Monero [XMR] at its August top so far, you would be down by roughly 11.5% at its $153.55 press time price. And, if you purchased it at its bottom in June, you would still be up by roughly 58%.

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.