Qubic Sets Its Sights on Dogecoin Following Monero 51% Attack
Qubic Community Targets Dogecoin: The Qubic community voted to target Dogecoin as their next proof-of-work blockchain after successfully executing a 51% attack on Monero, raising concerns about the security of major networks.
Impact of Monero Attack: The attack on Monero demonstrated vulnerabilities in proof-of-work systems, leading to Kraken temporarily halting deposits due to network integrity risks, while discussions about decentralization and control emerged.
US Justice Department Seizes Crypto Assets: The US DOJ seized over $2.8 million in cryptocurrency and luxury assets linked to ransomware operator Ianis Aleksandrovich Antropenko, as part of ongoing efforts to combat cybercrime and increase government crypto reserves.
Government's Growing Crypto Holdings: The US government's seizures from criminal cases have contributed to its substantial Bitcoin stockpile, estimated at over 198,000 BTC, positioning it as one of the largest holders globally amidst discussions on enhancing crypto accumulation strategies.
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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 | 33.683 | 154.981 | 258.003 | 379.301 | 482.323 | 603.621 | 706.643 |
| Fibonacci | 154.981 | 240.672 | 293.611 | 379.301 | 464.992 | 517.931 | 603.621 |
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