Monero Price Near Key Barrier as Peter Brandt Spots Silver Echo

TLDR Peter Brandt compared Monero’s long-term price pattern with silver before its rally toward $125. Monero faces a resistance line dating back to its 2017–2018 bull market. XMR traded near $575.89 after gaining approximately 90.3% over the previous year. Monero remained above its eight-month and 18-month moving averages on Brandt’s chart. Monero (XMR) has drawn fresh attention after veteran trader Peter Brandt compared its long-term price chart with silver before the metal’s January rally. He stopped short of predicting a similar surge for XMR. Brandt Spots a Familiar Pattern in Monero In an October 21 post on X, Brandt shared monthly charts of both assets. He said Monero’s structure reminded him of silver before its move toward $125 per ounce.

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