Monero News Today:
Riccardo Spagni, known as Fluffypony, ventured down as the lead maintainer of the Monero. Various reasons went into this choice, including centralization worries from being the lead figure for the task. The Monero Core group made a declaration recently with regard to certain job changes inside the undertaking.
Monero Price Analysis:
XMR coin was traded at $50.99 and soon dipped down to $48.64 within few hours on December 16, 2019. It moved at a slow pace and reached $49.55 before dropping back by 5.68% and reached $46.74 the next day. After that, Monero coin again dropped to $44.069, which was the lowest price recorded on December 18, 2019. XMR managed to recover from the fall as it showed a growth of 7.47% with prices touching $49.48. Shortly after the rise, it started to decline and at present, the bears seem to control over the coin.
Monero is exhibiting a negative trend of 3.47% as compared to yesterday’s price. As per the XMR Price Prediction and current trend, the coin may trade downwards and reach around its next support of $46.
We recommend to hold XMR as per its movement noticed. MACD of Monero also points the trend is below the 0 lines. The previous four days’ performance of the currency has seen several ups and downs as it has not been able to maintain a consistent performance. Hence, if the coin traded with a long-term purpose, it may cross its crucial resistance $53 in the upcoming weeks.