Monero experiences a significant correction ahead of the $75,000 barrier; will the bullish trend of XMR continue?

Immediately after Bitcoin broke below the $75,000 support level, privacy-focused digital asset Monero (XMR) also fell victim to the overall market’s bearish sentiment. According to analysis by NS3.AI, Monero reached a record high of $797.73 in early January 2026, then experienced a rapid decline of over 53% in a short period.

This correction aligns with a period when the entire cryptocurrency market shifted to a cautious stance, resulting in broad selling pressure across large-cap tokens and altcoins alike.

Rapid Reversal from the January 2026 $797 Peak

The peak Monero hit in early 2026 was a very short-lived event. The magnitude of the correction since that high suggests short-term overheating, reflecting profit-taking and position unwinding among market participants. Despite this correction, Monero has maintained a 77.4% return over the past 12 months, indicating a resilient medium-term upward trend.

Bitcoin’s Sharp Drop and the Correlation with Privacy Coin Markets

As Bitcoin failed to break through the $75,000 resistance and faced further downward pressure, large-cap altcoins also showed signs of synchronized decline. Privacy coins like Monero, operating in a relatively niche segment, are no exception—highlighting how Bitcoin’s movements continue to influence the broader market. This situation leaves the short-term price recovery outlook uncertain.

The 12-Month Strength and Medium-Term Outlook for XMR

A 77.4% annual increase demonstrates that rising social interest in privacy and changing regulatory environments continue to support demand for coins like XMR. Even amid ongoing short-term price adjustments, the demand for privacy protection shows no signs of waning, and structural support from investor positioning may be providing downside protection.

Currently, Bitcoin’s movement around the $75,000 level is likely a key factor in determining the turning point for the entire altcoin market, including Monero. Close attention to future market developments is essential.