$XMR Uptrend Holds — But $429.99 Is No Longer the Closest Test Monero continues to demonstrate bullish momentum, with $XMR trading around the $600–$610 region on October 20 after a strong multi-session advance. The broader bullish thesis identifies $429.99 as a structural support level for the uptrend originating from June's low. However, that level now sits considerably below the market. Jamos Parsa's perspective: the distance between price and major support matters. A trend can remain structurally bullish while experiencing substantial corrections along the way. Sustained higher lows and successful retests of nearer support would strengthen the continuation scenario. Conversely, weakening momentum and failed recoveries could warn of a deeper retracement well before $429.99 comes into play. The real question is whether buyers can defend recent gains as momentum cools. #XMR #Monero