Peter Brandt points out Monero's bullish scenario = similarities with the silver rally pattern

Renowned chart analyst Peter Brandt has expressed a bullish outlook on privacy coin Monero (XMR), based on the long-term price pattern similarities with precious metal silver. From a technical analysis perspective, Peter Brandt points out that Monero, which has undergone years of accumulation, may be approaching a significant breakout (突破 of resistance).

Monero’s Market Turning Point from a Technical Analysis Perspective

In a chart analysis released last week, Peter Brandt compares Monero’s multi-year price structure with decades of silver price formation. Silver has nearly doubled since October, remaining relatively flat for a long period until reaching $84 per ounce, and its recent upward pattern closely resembles Monero’s current price movements.

He states that the key common element is not timing but rather “patience.” Both assets have experienced prolonged periods of stagnation, gradually reaching new highs, then suddenly surging past all resistance levels—this pattern suggests a potential rise for Monero.

In technical analysis, “resistance” refers to a price level where buying interest tends to sell off or take profits, causing the upward movement to stall. Monero has traded below its 2018 peak for most of the past seven years but recently hit an all-time high exceeding $578, well above the previous high of $540.

Market Behavior Patterns Derived from Silver Comparison

Peter Brandt’s comparison with silver is more about analyzing market behavior patterns than predicting specific price targets. Silver repeatedly misled traders for years through false rallies and slow recoveries until macroeconomic conditions, positioning, and narratives aligned, leading to a sudden surge.

Similarly, Monero may be following this path. Since late 2024, Monero’s price has steadily increased, recovering levels that previously acted as resistance. The token is approaching its highest levels since the last major cycle, and according to Peter Brandt’s analysis, this stage corresponds to the “eve of a breakout” that silver took decades to achieve.

Privacy Token Revival Amid Regulatory Pressures

Monero has long faced headwinds—delisting from exchanges, regulatory pressures, and limited interest from speculators—making it somewhat sidelined from mainstream markets. However, as regulatory environments gradually shift, increased attention to privacy and expectations for upcoming protocol upgrades are fueling renewed demand.

According to CoinDesk data, XMR has risen 33% this year, expanding on last year’s 124% rally. Despite ongoing regulatory uncertainties, the market’s perception of privacy coins is changing, indicating a shift in sentiment.

The Next Steps Suggested by Peter Brandt

Peter Brandt’s analysis suggests that Monero is not just experiencing a short-term rally but is on the verge of a long-term structural shift. From the perspective that Monero’s recent surge follows the same path as silver’s decades-long patience and eventual big rise, interest in Monero’s future movements is likely to increase significantly. Whether this market pattern will unfold as predicted depends on multiple factors, including changes in the regulatory environment, institutional investor participation, and societal interest in privacy protection.