All articles tagged with #xmr
Monero (XMR) experienced a 51% attack impacting its network integrity, yet its price rose by $11 in 24 hours, reaching $266 amid increased trading volume. The attack raised concerns over decentralization and stability, but XMR's price showed signs of a bullish breakout despite potential risks of a pullback. The incident highlights ongoing security challenges in the crypto space.
Crypto markets experienced significant volatility this week, with altcoins like Aerodrome, Mantle, and Lido DAO surging over 45%, while Monero, Toncoin, and XDC Network faced notable declines. Major gains were driven by network developments and upcoming events, whereas fears over centralization and bearish momentum contributed to the losses. Overall, the week was marked by wild swings and opportunities for traders.
Bitcoin is expected to reach the $26,600-$25,000 zone, where buying interest may pick up. The correction in Bitcoin has pulled several altcoins lower, but BNB, ADA, XMR, and TON are showing strength on the charts. BNB is witnessing a tough battle between the bulls and the bears, while ADA turned down and plunged back below the neckline of the inverse head-and-shoulders pattern. XMR turned down from the neckline of the developing inverse H&S pattern, but the sharp recovery from lower levels indicates aggressive buying on dips. TON has formed a bearish descending triangle pattern, but a positive sign in favor of the buyers is that the price has been trading near the resistance line of the triangle for the past few days.