Monero Nodes Undergo 18-Block Reorganization
Monero's 18-Block Reorganization: Monero (XMR) recently experienced an 18-block reorganization, invalidating 117 to 118 transactions over approximately 40 minutes, raising concerns about network security and the influence of external hashrate.
Impact of Mining Pools: The incident has sparked discussions within the Monero community regarding the dominance of the Qubic mining pool, which has claimed control over the majority of Monero's hashrate, leading to fears of potential 51% attacks and network instability.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for XMR
Technical Sentiment Analysis for Monero (XMR) As of , Monero (XMR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XMR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XMR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Monero (XMR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 33.819 | 155.05 | 258.139 | 379.37 | 482.459 | 603.69 | 706.779 |
| Fibonacci | 155.05 | 240.74 | 293.679 | 379.37 | 465.06 | 517.999 | 603.69 |
About XMR
About the author
