bullish

Spiral

Monero

Resistance

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<a href="https://yellow.com/asset/xmr" rel="noopener noreferrer nofollow">Monero</a> surged past $600 for the first time on Monday to <a href="https://yellow.com/news/monero-smashes-past-dollar598-to-hit-first-ever-dollar10b-market-cap" rel="noopener noreferrer nofollow">reach a new all-time high</a> of $611.01, prompting veteran trader Peter Brandt to compare the privacy coin's breakout pattern to silver's multi-decade chart setup that preceded its own run to record prices.
<h2 id="what-happened-xmr-breaks-multi-year-resistance">What Happened: XMR Breaks Multi-Year Resistance</h2>
The privacy-focused cryptocurrency <a href="https://www.newsbtc.com/news/monero-xmr-hits-new-610-all-time-high-veteran-trader-shares-silver-like-setup/" rel="noopener noreferrer nofollow">outperformed</a> the broader market with a nearly 21% single-day gain, extending its weekly advance to 43%.
Renewed interest in privacy tokens has driven liquidity toward the project, pushing its market capitalization to $10 billion for the first time.
Brandt <a href="https://x.com/PeterLBrandt/status/2010502545777828029" rel="noopener noreferrer nofollow">posted</a> on X that Monero's current structure mirrors silver's historical pattern, in which the metal spent years accumulating below an ascending resistance trendline before finally breaking through during its Q4 2025 rally. Silver's breakout carried it from a 2011 peak near $49.83 to a recent high of $86.23.
Monero has traced a similar ascending trendline since its 2017 high and retested that resistance in 2021 before pulling back. The cryptocurrency has now broken above that level.
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<h2 id="why-it-matters-price-discovery-or-correction-ahead">Why It Matters: Price Discovery Or Correction Ahead</h2>
Market observer TraderSZ outlined three potential targets if momentum holds: $685 as an initial level, with extended projections between $790 and $900 representing gains of 50% to 80% from the breakout zone.
Other analysts note the structure remains bullish with buyers stepping in and no clear signs of distribution yet.
“Monero is rallying because it offers something most crypto assets don’t: default, non-optional financial privacy in a world moving rapidly toward surveillance," Vikrant Sharma, Founder and CEO of Cake Wallet said.
According to him, as governments expand AML, KYC, and on-chain monitoring, Monero’s technology is being validated. Regulatory pressure and exchange delistings have reduced speculative access, but they’ve intensified conviction among users who genuinely need censorship-resistant money.
"The recent price action suggests markets are beginning to value privacy itself as a scarce and strategic financial property," Sharma concluded.
However, skeptics warn that a multi-year rising wedge pattern dating to 2017 could signal a 50% decline toward $300 if Monero fails to <a href="https://yellow.com/news/monero-reclaims-privacy-coin-lead-as-zcash-team-resignation-triggers-15-drop" rel="noopener noreferrer nofollow">hold its breakout level as support</a>.
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Monero Hits $610 All-Time High As Peter Brandt Sees Silver-Style Breakout Pattern

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