Peter Brandt likens Monero's (XMR) long-term chart to silver before its $125 run
In brief
- Peter Brandt compared Monero's long-term chart to silver's structure before its run to almost $125.
- Brandt gave no price target and didn't explicitly predict XMR would move like silver.
- Brandt's monthly chart shows a resistance trendline dating back to Monero's 2017-2018 bull run.
- XMR traded at about $575.89, up 90.3% over the past year, according to U.Today.
What Brandt posted
Brandt's post carried one caveat of his own. In his post on X, he set aside a single move from January 2026 and pointed to the broader shape of XMR's chart.
"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"
Brandt's monthly Monero chart, as U.Today described it, shows a multi-year resistance trendline running from Monero's late 2017 to early 2018 bull run. The line also appears to connect other tops (including the 2021 run), and U.Today said it has acted as resistance for almost a decade. Monero was trading near that level after recovering from its lows, the outlet reported.
The silver chart Brandt attached appears to show a similar long-term resistance structure, which silver broke through before rising sharply, U.Today said.
The silver comparison cuts both ways
Silver hit all-time highs of almost $125 per ounce earlier this year, according to U.Today. That's the run Brandt referenced. It didn't hold, though, and the rally was followed by a sharp correction of more than 50%.
U.Today also noted that a breakout wouldn't necessarily produce gains as large as silver's, since Monero's market isn't the same as a precious metal market.
Brandt pointed to a resemblance. He didn't call a breakout.
Where XMR stood
Monero was trading at about $575.89 when U.Today's article was written. Over the previous 24 hours it moved between $570.44 and $625.37, per market data cited by the outlet, and it had gained 90.3% over the past year. U.Today ranked it 13th among cryptocurrencies by market capitalization.
U.Today said Brandt's chart also put XMR above its 8-month and 18-month moving averages, which the outlet read as a sign that the general uptrend is still intact.
Frequently asked questions
Did Peter Brandt predict that Monero will break out like silver?
No. According to U.Today, Brandt didn't give a price target for XMR and didn't explicitly predict that it would move like silver. He said only that, except for a January 2026 move, XMR's chart structure reminded him of silver before its run to $125.
What chart pattern did Brandt point to on Monero?
U.Today said Brandt's monthly Monero chart shows a multi-year resistance trendline running from Monero's late 2017 to early 2018 bull run. The line appears to connect other tops, including the 2021 run, and has acted as resistance for almost a decade. Monero was trading near that level after recovering from its lows.
What happened to silver after its rally to almost $125?
According to U.Today, silver reached all-time highs of almost $125 per ounce earlier this year. That rally was followed by a sharp correction of more than 50%.
