Monero (XMR) price movements show an interesting pattern. From a technical analysis perspective, this cup formation indicates that XMR has reached its target level. The notable point is that this structure started from the $300 level - an important reference point in the market cycle. The current price movement once again reminds us how strong the previous levels act as resistance and how critical these zones are in potential bullish scenarios. For technical traders, such formations provide important data when identifying support and resistance levels.