Don’t focus only on ZEC! Monero (XMR) may be gearing up for a major move
Renowned trader Peter Brandt shared a chart this morning, pointing out:
XMR’s monthly chart pattern looks highly similar to silver’s before its surge to $125—after a long consolidation, it repeatedly tested key resistance at 500–600, while the moving averages turned bullish, potentially setting the stage for a similar breakout.
I think the main reasons to be bullish on Monero are:
1. Strong technical structure:
Overhead supply has been largely absorbed. Brandt says it’s his favorite chart among altcoins, with a structure similar to silver’s before its major bull run.
2. Genuine demand for privacy:
It’s anonymous by default, and ransomware operators and hackers favor XMR. Recent on-chain money-laundering incidents have further highlighted its irreplaceable value.
3. Independent resilience:
It often strengthens against the trend within the privacy sector. In 2026, it set an ATH near $800, and after a pullback around $580, it remains in an uptrend.
4. Relative advantages:
Compared with ZEC and others, XMR offers more thorough privacy. Delisting pressure remains, but its real-world use cases are more compelling.
$XMR Price analysis:
In the short term, watch support at 570–580 and resistance at 600–630. A decisive breakout could open the way to the previous high and beyond.
The long-term structure is bullish, but be mindful of regulatory and volatility risks.
Renowned trader Peter Brandt shared a chart this morning, pointing out:
XMR’s monthly chart pattern looks highly similar to silver’s before its surge to $125—after a long consolidation, it repeatedly tested key resistance at 500–600, while the moving averages turned bullish, potentially setting the stage for a similar breakout.
I think the main reasons to be bullish on Monero are:
1. Strong technical structure:
Overhead supply has been largely absorbed. Brandt says it’s his favorite chart among altcoins, with a structure similar to silver’s before its major bull run.
2. Genuine demand for privacy:
It’s anonymous by default, and ransomware operators and hackers favor XMR. Recent on-chain money-laundering incidents have further highlighted its irreplaceable value.
3. Independent resilience:
It often strengthens against the trend within the privacy sector. In 2026, it set an ATH near $800, and after a pullback around $580, it remains in an uptrend.
4. Relative advantages:
Compared with ZEC and others, XMR offers more thorough privacy. Delisting pressure remains, but its real-world use cases are more compelling.
$XMR Price analysis:
In the short term, watch support at 570–580 and resistance at 600–630. A decisive breakout could open the way to the previous high and beyond.
The long-term structure is bullish, but be mindful of regulatory and volatility risks.
