CandleFocus Monero (XMR) price outlook amid latest privacy allegations
2024-09-11
Author: Content Editor
Monero (XMR) price fell slightly to around $167, following Bitcoin's retreat from above $57,800. However, XMR price remains above a major support zone, which may help bulls target a crucial breakout level. A leaked video from Chainalysis alleges that Monero transactions are traceable, but a Monero community member asserts that the privacy coin's transactions are untraceable. Monero continues to lead the privacy coin market in terms of market cap but has seen a 4.3% decline in price over the past week. Despite this, XMR may be showing signs of a potential bullish breakout with an ascending triangle pattern.
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