TLDR
- Peter Brandt compared Monero’s long-term price pattern with silver before its rally toward $125.
- Monero faces a resistance line dating back to its 2017–2018 bull market.
- XMR traded near $575.89 after gaining approximately 90.3% over the previous year.
- Monero remained above its eight-month and 18-month moving averages on Brandt’s chart.
Monero (XMR) has drawn fresh attention after veteran trader Peter Brandt compared its long-term price chart with silver before the metal’s January rally. He stopped short of predicting a similar surge for XMR.
Brandt Spots a Familiar Pattern in Monero
In an October 21 post on X, Brandt shared monthly charts of both assets. He said Monero’s structure reminded him of silver before its move toward $125 per ounce.
With the exception of the Jan 2026 OOL movement, the chart structure in $XMR reminds me of Silver prior to its run to $125 $SI_F pic.twitter.com/VE0VXH5YE9
— The Factor Report (@PeterLBrandt) October 21, 2026
The trader excluded an unusual move in January 2026 from his comparison. His observation focused on chart shapes rather than demand, supply, or any change to Monero’s underlying network.
Silver reached roughly $121.6 in late January, then fell sharply. The metal has since lost more than half its peak value, showing how quickly gains can reverse. Meanwhile, Zcash’s recent price correction has kept another privacy-focused cryptocurrency in focus.
XMR Approaches Longstanding Price Barrier
Brandt’s monthly Monero chart shows a downward resistance line stretching back to the 2017-2018 rally. Later peaks, including the 2021 high, sit near that line. Repeated tests have not yet produced a clear lasting break.
XMR recently moved closer to this barrier after recovering from earlier lows. The asset remained above its eight-month and 18-month moving averages on Brandt’s chart, a sign that prices have held above their longer-term averages.
Other privacy tokens have faced changing prices and development plans. A recent Zcash market report described a rebound and an upgrade aimed at reducing block times from 75 seconds to 25 seconds. Neither development establishes where Monero trades next.
Monero traded near $575.89 at the time of the supplied market snapshot. XMR ranged from $570.44 to $625.37 over the previous 24 hours and had gained roughly 90.3% over 12 months. It ranked 13th by market capitalization.
The wider crypto market has shown uneven activity. US spot funds recorded renewed Bitcoin ETF inflows on October 19, even as other assets faced selling pressure. Those fund flows do not directly measure demand for Monero.
