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Trader Peter Brandt sees Monero chart resembling silver's surge, hinting at a possible major breakout.

Analyst Insights
21 Oct 2026
UToday
View Source
Bullish
Trader Peter Brandt sees Monero chart resembling silver's surge, hinting at a possible major breakout.

Veteran trader Peter Brandt has identified a striking similarity between Monero's long-term price chart and the chart of silver before its explosive rally to nearly $125 earlier this year. Brandt points out that Monero is approaching a multi-year resistance trendline that has capped its price since its 2017-2018 bull run, similar to silver's previous resistance. While Brandt does not predict a specific price target or guarantee a similar move, his analysis suggests Monero could be poised for a significant breakout. However, he also warns that silver's sharp rise was followed by a steep correction, implying that any parabolic move in Monero could be volatile. Currently, Monero is up over 90% in the past year and trading near $575, maintaining an overall uptrend above key moving averages.

Monero (XMR) is trading at Rp1.934.530 on Pluang, showing a 2.41% increase in the last day. As of Oct 21, 2026 15:31 WIB, its market cap stands at Rp35,12 trillion with a 24-hour trading volume of Rp937,45 million.

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