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  • Monero is under pressure, $130.00 is broken.
  • Mobi wallet adds Monero support.

Monero (XMR) is changing hands at $129.90. The coin has lost over 2.5% on a daily basis amid global cryptocurrency sell-off.  Monero takes the 12th place in the rating of top cryptocurrencies with total market value over $2B and daily trading volumes $27M, which is drastically lower that a week ago ($54B).

Meanwhile, multicurrency crypto wallet Mobi added Monero support, allowing the customers to   access, send and receive the coin from the app, alongside their other assets.

“We’re extremely pleased to be following up the recent addition of 15 different cryptocurrencies to Mobi wallet, by adding one more, Monero (XMR). Monero was a clear favorite to be integrated to Mobi. Consistently one of the top liquid assets on coinmarketcap, our customers can now access, send and receive Monero alongside their other assets without ever leaving the app,” the company said in its blog.

Monero technical picture

XMR/USD reached the top at $149.70 on Jult 25 and has been sliding ever since. A sustainable movement below $130.00 will increase the immediate bearish pressure and push XMR towards $127.00. On the upside, the local resistance is created by 50-SMA (1-hour chart) at $133.82, followed by $136.78 (100-SMA).

 XMR/USD, 1-hour chart