
April 18th, 2025
In case the distribution territory of $111 hold and the bears increase their pressure, the accumulation territory of $97 will be broken and Monero will resume downtrend movement.
The successful implementation of the Beryllium Bullet hard fork has caused the transaction fee to reduce by 97% on the Monero network, with improved resistance to ASIC mining.
In case the distribution level of $111 is broken up, the pair will resume its uptrend movement and upper distribution territory of $119 will be exposed.
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There is a probability for the downward movement this week; traders should follow the trend patiently.
In case the distribution level of $128 is broken, the pair will resume its uptrend movement and upper distribution territory of $140 will be exposed. A breakout at the upper area or breakdown at the lower area is imminent, so traders should be patient when taking a trade.
After the launch of the Monero Malware Response Workgroup, Monero team is introducing a new website to protect users and educate them on cleaning up malware.
Trading can be done within the range by lookout for the opportunity to initiate a buying trade at a lower level of price and selling trade at a higher level as the price continues its ranging within the territories of $128 and $102.
The price continues its ranging within the territories of $150 and $102. Traders can look out to initiate a long trade at the lower level of price in case of the price fall to the lower level of the price range.
Should the strong accumulation level of $102 get broken, the pair will experience further downward movement and get exposed to another accumulation level at $77
The coin broke the upper trend line of the last week ascending triangle which led to uptrend movement towards the distribution territory of $151.
Monero has formed the “Ascending Triangle” pattern, which connotes an upward breakout. Should the strong distribution level of $110 get broken, the pair will experience upward movement and get exposed to another strong distribution level at $120.
Taking long trades is not advisable at the moment because the long-term trend is bearish, and the bearish pressure may continue for some time.
XMR continues its downward trending after breaking of $130 distribution level, the pair will experience further downward movement and get exposed to another strong accumulation level at $55.
Monero has been trending downwards for months, thus only a radical fundamental event can forcefully bring about a significant rally in the market.