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Monero [XMR] prices are signifying a gradual decrease from yesterday. XMR was trading around $ 57, yesterday, began to fall after the crypto resource saw slight bearish pressure. The coin was knocked down by the bears and started trading around $ 52. XMR is watching touching resistance $ 60 to get a bullish momentum.
XMR / USD
Today, the crypto resource has started trading with a bearish momentum that has lowered prices to $ 51.3. Prices have reached a consolidation phase after finding support at $ 51.438. The current resistance level can be traced back to $ 54. The MACD levels show that the currency is witnessing a bearish moment. The 100 EMA trading line at $ 43.9 indicates a bear trend. The significant trading interval for cryptocurrency is reported at $ 51.13 to $ 53.9. At the time of printing, the digital asset is trading at $ 52.9 and loses against USD 0.46%.
XMR / BTC
Virtual currency is losing against Bitcoin [BTC] 0.27%. Currently, an XMR is equivalent to about 0.0131 BTC.
Latest updates of Monero
- Monero has already reduced 90% of its offer limit based on Moneroblocks.info data. The miners have already extracted 16 million units from the total supply of 18.4 million XMR. This inflated volume could be due to an increase in the number of cryptocurrency hacking cases that revolve around the privacy-focused currency.
- The Monero project decided to adopt a new procurement program called "Tail Issue". According to a previous announcement of the project, miners will get a substantial mining remuneration of 0.6 XMR per block that will contribute to the overall security and integrity of the Monero blockchain.
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