您现在的位置是:Should you buy Monero as it maintains an uptrend ahead of the upgrade? >>正文
Should you buy Monero as it maintains an uptrend ahead of the upgrade?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛66人已围观
简介Monero gears for an upgrade in August that will improve security and speedThe token has been on an u...
Monero gears for an upgrade in August that will improve security and speed
The token has been on an uptrend ahead of the upgrade
Investors should consider any retracement of the token as an opportunity to buy.
Monero XMR/USD is set for a network upgrade on August 13. The upgrade will see improved security on the privacy-focused network. The upgrade occurs after delays and will require users to update their software. New features such as “view tags” will be introduced and cut wallet sync times by up to 40%.
The anticipated Monero upgrade has been positive on XMR lately. As of press time, the token was trading at $163. The price compares to a low of below $100 in mid-June. We cannot adequately ascertain whether the gains are directly due to the upgrade. That reflects the fact that cryptocurrencies have been bullish lately. Nonetheless, we cannot ignore the importance of the upgrade to the price of the Monero token.
The cryptocurrency warrants the attention of an investor. A breakout of key levels allows Monero to surge higher.
Monero surges higher after recapturing $136 amid improved sentiment.
Source – TradingView
Technically, the Monero token is very bullish. The token retested the $143 support after a recent breakout. The moving averages and the MACD indicators are bullish on the token ahead of an upgrade.
The next established resistance level for Monero is $204. That represents an upside potential of 24% from the current level. The token could face some resistance at $181 but could push through to the established $204 level. Investors should buy now or consider potential retracements as opportunities to enter.
Concluding thoughts
Monero will continue pushing higher as the upgrade nears and crypto sentiment grows. Technical indicators also support a price rise, with up to a $204 price level.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/336226.html
相关文章
MCADE tops $0.027 as analysts turn bullish on First Republic Bank saga
Should you buy Monero as it maintains an uptrend ahead of the upgrade?Key takeawaysMCADE has topped the $0.027 mark as the cryptocurrency market begins to recover.First R...
阅读更多
China's state TV crypto broadcast "big deal", Binance CEO says
Should you buy Monero as it maintains an uptrend ahead of the upgrade?Binance CEO Changpeng Zhao says China’s state TV crypto broadcast is “a big deal.”...
阅读更多
Hut 8 Mining stock down on a big hit to Q1 revenue: buy the dip?
Should you buy Monero as it maintains an uptrend ahead of the upgrade?Hut 8 Mining reports a 64% year-on-year hit to revenue in its Q1.Craig-Hallum analyst sees downside...
阅读更多
热门文章
- NASA: How the Wrights’ flight changed the world in 120 years
- Celo joins Chainlink’s SCALE program
- UK invests in domestic nuclear fuel tech to challenge Russia's energy grip
- SEC sues crypto exchange Bittrex and ex
- World's first fully foldable RS3 Electric scooter to launch in the US this April
- You can now buy CertiK, gained 75% in a day: here’s where