Monero [XMR]: Können Bullen das Unterstützungsniveau von $163 verteidigen, wenn Bären übernehmen?

Der Rückgang der Druckzeit von Monero XMR war wahrscheinlich auf eine zunehmende Divergenz der wichtigsten technischen Indikatoren zurückzuführen. Laut den Daten von Coingecko ist XMR in den letzten sieben Tagen um über 6 % gesunken.

Timeline of Monero

The Monero currency was first released in April 2014 as a Bytecoin fork. The coin was developed on the principle of fungibility and privacy and implements a unique concept known as blockchain obfuscation.

Monero [XMR] has broken above a higher timeframe trendline resistance, and also progressed past the $160 mark. The $150 – $160 area has been contested since September 2022, therefore the daily session close at $168 on 11 January was a sign of bullish intent.

The last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it dropped from $11.7 billion in Jan. 2022 to the current $5.22 billion.

Multiple investors face problems making withdrawals in their Monero (XMR) wallet in Binance, prompting a public outcry on Reddit.  XMR withdraws worries An agitated customer, identified as WhatJay, posted a screenshot showing XMR withdrawal suspension.

It was a red week for the S&P 500 which fell 6.4% from Tuesday's (13 December) open at 4092 to a low of 3829 on Friday (16 December). This began to hurt Bitcoin on Wednesday (14 December) when BTC tested the $18.2k level as resistance.

XMR endured the market collapse, putting up an impressive performance in the last thirty days Traders' interest was unusually high with a possibility of sustenance At a time where a bunch of crypto projects have been struggling for survival, Monero [XMR] seemed to have found stability.

 Monero recorded decreases in its social volume and dominance, leading to a shrink in trading volume The decline, however, did not stop XMR from showing signs of leaving the bearish zone Privacy-focused cryptocurrency Monero [XMR] faced investor concern recently as its social metrics decreased.

Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level.

Monero [XMR] could be seen on a strong bearish retracement this week after previously delivering a strong upside. The retracement was the perfect opportunity for short sellers to take advantage of and make some profits.

Monero (XMR), an open-source, privacy-oriented cryptocurrency launched in 2014, managed to reach the $151 marker on November 2 as it briefly rallied before it experienced slight price correction. Here's a quick glance at XMR trajectory: Over the last two months, Monero traded at a narrow range that peaked at $152 Surpassing the crucial $156 marker will enable XMR to climb all the way to $172 Failure in increasing trading volume will most likely pull the crypto down to $148 At the time of this writing, according to tracking from Coingecko, the altcoin is changing hands at $149.10, going down by almost 1% over the last 24 hours.