Monero (CRYPTO: XMR) surged to a new all-time high of $579 Monday, rising over 20% in 24 hours as veteran trader Peter Brandt identified XMR forming a pattern similar to silver’s classic inverse head-and-shoulders that preceded a 150% rally.
The Silver Pattern Behind XMR’s Breakout
Brandt’s silver chart shows a multi-year base of consolidation before breaking through resistance and accelerating along an ascending trendline.
XMR Monthly Chart Dynamics By TradingView
Monero’s monthly chart shows a similar structure since its 2021-2022 peak around $450-$500.
After prolonged consolidation in the $150-$200 range through 2023-2024, XMR broke back above major resistance levels around $400 in late 2025 and early 2026.
If Monero mimics silver’s pattern, the current breakout above $400 could mark the beginning of …Full story available on Benzinga.com
