MonaCoin is A decentralized and open-source cryptocurrency that offers both private and transparent transaction types. It has a market cap of $129.4 million, a circulating supply of 65.7 million and has traded over $120.4 million in the past 24 hours according to CryptoSlate.com.
MONA/BTC is trading near a multi-month level of resistance near 0.00024188. A weekly close above this level is an indication of a likely significant retracement of the 2018 downtrend near the 38.2% retracement level at 0.00044200. A potential stop could be placed below the low of the weekly candle on the breakout.
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