XMR Technical Setup on Target

Monero's price action is playing out according to our previous technical forecast, now up over 200% from our entry point.

The setup confirmed exactly as anticipated: we saw the rejection at resistance, followed by a retest of the trendline, and once price closed decisively above the 365 level, momentum accelerated significantly.

We're now looking at what appears to be the third wave completion in the sequence—but the key question remains: is this Wave 3 or Wave 5 in the broader structure?

Based on current price action, we expect XMR to make a move toward testing the next resistance cluster. The confluence of technical levels suggests significant upside potential from here, though confirmation will come from how price interacts with these resistance zones.

The bias remains bullish as long as we hold above our key support levels established during this run.