Monero {XMR} protocol upgrade scheduled for November 30th; the Kraken Client Engagement Team responds

Monero is ranked at #13 in the market to the south of Cardano and UNUS SED LEO. The trading volume recorded stands at roughly $97.854 million, while the supply has 17,231,011 XMR coins in play as of this moment. The total market cap of Monero amounts to $1 billion as of this instant. The price surged forward at a rate of 0.53% in the course of the past 24-hours. This brought XRM all the way up to $58.05 where it presently rests.

According to the candlestick chart connected to the XMR/USD pair on tradingview [based on data obtained from Poloniex], sellers are still the dominating force responsible for this privacy-centric crypto’s current performance in the market. The daily RSI [for 14 periods] is at 29.79 which points to the possibility of Monero exiting oversold territory by next week.

In the aftermath of 22nd September, the peaks tied to the Awesome Oscillator turned brown [throughout the entirety of this month, the peaks were created below the zero line]. Similarly, the MACD line ventured south of the signal line enabling the histogram to change color [from green to red].

Support can be found close to the $52.532 mark, and resistance may be felt if Monero can afford to soar towards $74.59 someday soon. The distance between lead 1 and lead 2 [linked to the Ichimoku Cloud] has thinned down.

The meeting involving developers took place a day ago. Motoshi from the Kraken Client Engagement Team commended the introduction of new subaddresses. You can check out his full response.

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