Monero (XMR): Bullish continuation or market crash?Monero / TetherKUCOIN:XMRUSDTMasterAnandaXMRUSDT (Monero) is now resting between resistance and support. This is an interesting chart, I would even say hard to read, how to predict what comes next. There is some space/room available for growth, but there is also plenty of room for the market to move lower... Resistance vs support. Let's see what we can find out. The all-time high was $800 mid January 2026. This same date Bitcoin ended a relief rally and many altcoins resumed a long-term decline. The correction ended the 2-Feb week at $276, on the 6th. This same date Bitcoin and the rest of the market ended a long-term bearish cycle. What one does, the rest follows. After hitting the $800 all-time high, XMR went through a 65% correction. A slow recovery is happening now with the action moving back above 0.618 Fib. An important level that showed resistance first in April 2025. As long as XMRUSDT trades above this level, $358, bullish potential is active and valid. On a drop, long-term growth is still possible if prices stay above $258. Below this level Monero can be read as extremely bearish. Let's make some predictions, higher or lower? The MACD went through a full flush but is still trading within the bearish zone. The lowest level was hit since May 2024. Back then, when the MACD recovered from this same level we saw the start of the bullish wave that ended with the January 2026 all-time high. Here it is a bit mixed. If the MACD manages to turn green, a bullish cross, this would support growth for months. But it is still early as the MACD can make one more drop before it continues moving higher. A recovery is already happening though so growth is possible. The RSI went below the reading from August 2025 while XMRUSDT produced a higher low, so we get a hidden bullish divergence. The RSI hit the lowest level in February 2026 since April 2024 then started to recover, now with a reading above 50. There is room for growth but also a strong mix. Hard to predict. I cannot call for marketwide action since Monero moved differently to so many projects. We have to focus on the action step by step. There is a perfect long-term ascending channel, even with the recent correction a clear uptrend is still present on the chart. Higher prices are possible. Monero can grow with the rest of the market. It grew when Crypto was bearish and it can also grow when Crypto turns bullish in the coming months. With that said, it is a mixed chart, but trading volume was low on the correction. A strong correction is enough to remove all excesses, to balance out the uptrend. Since the correction is over, XMRUSDT can continue growing unless there is some change. We are aiming higher. Namaste.