Monero ($XMR) recently made headlines, surging to a new all-time high of $611.01 on Monday. This marks the first time the privacy-focused asset has broken above the $600 mark. 🚀
Veteran trader Peter Brandt observed a striking resemblance between Monero's current breakout pattern and the chart formation silver exhibited decades before reaching its own all-time high. This comparison underscores the significance of XMR's recent market action.
The privacy-focused cryptocurrency successfully breached a long-standing resistance level, which it had encountered for years. This decisive breakthrough appears to have fueled its impressive rally. 📈
XMR displayed notable strength, surging nearly 21% in a single day and outperforming the broader market. Its weekly gains climbed to an impressive 43%. 💪
