Monero is ranked at #12 beneath Stellar and Cardano in the market. So far, the price diminished at a rate of 2.54% in the course of the past 24-hours. The trading volume recorded stands at roughly $67.483 million, while the supply has 17,222,590 XMR coins in play. As of this instant, the total market cap of Monero is $1.230 billion. XMR is priced at $71.46 and might sink towards $70 by tomorrow.
According to the chart linked to the XMR/USD pair on tradingview [based on data obtained from Poloniex], Monero is backed by sellers, although bearish momentum is gradually slowing down. The MACD line ventured under the signal line today, thereby causing the histogram to turn red [the initial emerald shade was lost due to an established trend change].
The daily RSI [for 14 periods] is at 42.12. If this value wanes further, XMR may be in oversold territory by next week. The Awesome Oscillator peak for 23rd September is brown, but the ones prior to this were green in color. Initial resistance may be felt close to the $83.0955 mark, and ahead of this mark, barriers may exist near the $86.818 level too. Key support can be found at $64.895.
“If the government can’t get in, then everybody is walking around with a Swiss Bank account in their pocket.”
Governments are at war with privacy.
— James Todaro (@JamesTodaroMD) September 16, 2019
Upbit had also decided to delist Dash, Monero and various other privacy-based projects. This shows that centralized exchanges are scared of repercussions from lawmakers who can launch a lawsuit against an agency with ease. Meanwhile, Edward Snowden had previously spoken about his faith in Zcash and privacy-centric projects. This shows that the need for such digital currencies safeguarding identities on the Internet shall only grow with the passage of time.