Monero’s hashrate faltered drastically in a matter of hours until press time. XMR was overbought, but the ADX trend could keep it in the green direction. Information from 2Miners.com revealed that the hashrate of Monero [XMR] had faltered at the time of writing. The hashrate measures the security and health of a blockchain network. So, […]
the momentum since it refused a 1.66% uptick and declining trading volume in the last 24 hours.
At the time of writing, the RSI was 70.26. In fact, it surged to 80.84 as of the previous before its slight fall. Yet, the current position linked XMR to an overbought region. So, there is a possibility of a bearish momentum reversal.The chart above also pointed to its Directional Movement Index , which showed that buyers were still in control of the XMR market. This was inferred from the condition of the positive DMI at 32.77.
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