- Monero (XMR) has become a preferred digital asset on the Tor network due to its privacy features.
- The bears have the grip at the moment; the stochastic is advancing further into the oversold.
Monero continues to push the privacy bar in the cryptocurrency market higher. The release of the web-based wallet specially designed for Tor browser will give the users of the XMR an added layer privacy. The developer of the web-based wallet, XMRWallet.com is said to be the only provider on the Tor network. The new platform was announced on August 28 via a Reddit post and explained that it was created due to increasing user demand.
Monero (XMR) has become a preferred digital asset on the Tor network due to its privacy features. Monero promises untraceable transactions that are not only secure but also reliable. The nature of the Tor network makes Monero a go-to crypto for transactions.
Monero price technical picture
Monero is currently retracing from the highs of $110.69 traded on Sept 9. The declines have broken past the trendline support which also coincides with the 61.8% Fib retracement level with the last high leg of $110.66 and a low of $110.83. A short-term support established at $106.00 gave in to the bears. XMR/USD is finding balance above $104, although there is another short-term support at $103. The bears have the grip at the moment, beside the stochastic is advancing further into the oversold. It is vital that the bulls keep the price above $100 to avoid another dip towards $90 in the near-term.
XMR/USD 15-minutes chart
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