Monero XMR Charts Show Coin Struggling To Stay At $53

The Monero XMR charts show that the coin is trading 0.80% lower today since the crypto sentiment is quite weak and the coin is having a hard time staying at $53 as we are reading in the Monero news today.

There are some indications on the hourly charts of monero that the price will drop soon again. The Monero XMR charts show a struggle after the consecutive lower highs and lower lows that staircase to even lower levels. In the previous weeks, the lower high waves of XMR were marked with two rectangles and the wave low was broken, marking the horizontal lines. The pattern suggests that the XMR price will fall further. In terms of the target, the $50.00 level seems to be the next support as the buyers stepped ahead of the level just a few days ago. This level seems logical and the next major support on the downside looks like a round number. There were a few other spikes to the upside so beware of a similar price action that could start again.

As per the recent Monero news, the novel smartphone by HTC named Exodus will apparently introduce mining Monero coins through its blockchain capabilities. The HTC Exodus 1S will be able to mine the privacy-focused asset Monero (XMR) in a collaboration with Midas Labs, an ASIC chip design firm. The mining feature will come in the form of an app known as DeMiner. This app is expected to roll out in the second quarter of this year, and it will form a significant part in HTC’s efforts to transform the crypto mining space.

Also, it seems like the Ransomware fraudsters prefer Monero over Bitcoin because of its increased anonymity so now the victims of the hackers will have to pay with Monero as per the Sodinokibi Ransomware group announcements. For that reason, Huobi Korea decided to delist Monero from its list of available cryptocurrencies as reports emerged that participants in the Korean-based sexual exploitation ring used this cryptocurrency for criminal acts. The South Korean newspaper Sisi Journal reported that Bithumb also wants to delist Monero since the exchange has the policy to get rid of cryptocurrencies that are used for criminal acts and that an internal committee is now reviewing the decision.