Monero (XMR) is leading the cryptocurrency market’s recovery by breaking through a major resistance level and surpassing $600 for the first time. A prominent trader has suggested that the cryptocurrency is following a pattern similar to silver’s historic breakout and could be poised for a significant rally into uncharted price territory.
Monero surged to new highs on Monday, outperforming the broader market with a gain of nearly 21% toward its new all-time high of $611.01. The privacy-focused coin has been at the forefront of the market’s year-start rally, climbing 43% over the past week. This surge is driven by renewed interest in privacy tokens and capital flowing into the project, which has pushed its market capitalization above $10 billion for the first time.
In light of this performance, veteran trader Peter Brandt drew a comparison between Monero’s long-term chart and that of silver, implying the cryptocurrency might be on the verge of a major breakout. In a social media post, Brandt likened Monero’s current move to silver’s historical breakout, which led to a massive run to new highs.
Silver experienced a multi-decade setup where its price consolidated below and retested a long-term ascending resistance trendline. This resistance was established at its 2011 peak, when it reached a high near $49.83 before correcting. In its late 2025 rally, silver finally broke above this key level, nearly doubling in price to reach a new high around $86.23.
Similarly, Monero has been forming its own multi-year ascending trendline on the monthly chart since its 2017 high. In 2021, the cryptocurrency retested this area, also setting a slightly higher all-time high before pulling back. Now, having broken above this ascending resistance, XMR could potentially follow a path similar to silver’s recent breakout into price discovery.
Could XMR See a 50% Move Up or Down Next?
Market observer TraderSZ recently shared an optimistic outlook for Monero, suggesting that once it solidifies its crucial resistance level as support, it could target three main price levels. According to the analysis, the initial breakout could propel the price to around $685, a rally of more than 30% from the resistance zone. Further momentum could lead to gains of 50% to 80%, targeting the $790 and $900 levels, mirroring the progression seen in silver’s recent price discovery phase.
Analyst 0xMarioNawfal also highlighted Monero’s strong performance, noting that the price “continues to trend aggressively higher, breaking through previous resistance levels with strong momentum and minimal pullback.” He views the structure as bullish, with consistent buyer interest and no clear signs of distribution yet. While he anticipates potential volatility, he believes the trend will remain intact as long as the price holds above recent breakout levels.
However, analyst Ali Martinez presented a more cautious forecast, warning that a significant correction could be imminent. His analysis points to a multi-year rising wedge pattern that Monero has been forming since 2017, with the price oscillating between the pattern’s boundaries. Based on this, XMR could potentially fail to turn the macro resistance into support and instead begin a long-term decline of around 50%, targeting the $300 area where the pattern’s lower boundary currently lies.
As of this writing, Monero is trading at $597, reflecting a 47.5% increase on the monthly chart.
Frequently Asked Questions
Of course Here is a list of FAQs about Moneros new record high and the silver comparison designed to be helpful for both beginners and more experienced users
Beginner General Questions
Q1 What is Monero
A Monero is a cryptocurrency focused on privacy security and untraceability Unlike Bitcoin where transactions are public Monero uses advanced cryptography to hide sender receiver and transaction amount details by default
Q2 Why did Moneros price just hit a new high of 610
A Price surges are driven by a combination of factors including increased demand for privacyfocused assets broader cryptocurrency market trends specific exchange listings and technical analysis patterns that attract traders
Q3 What does the pattern similar to silver mean
A An experienced trader observed that Moneros longterm price chart and market behavior resemble silvers Like silver Monero is seen as a potential store of value and a more private utilitarian alternative to Bitcoin
Q4 Is Monero being compared to silver a good thing
A It can be The comparison frames Monero not just as a tech project but as a potential digital commodity with inherent value due to its unique privacy features potentially attracting investors looking for an alternative asset
Q5 Is it too late to buy Monero after this new high
A This is not financial advice Cryptocurrency prices are volatile A new high can signal strong momentum but it also means the asset is at an elevated price Always do your own research and never invest more than you can afford to lose
Intermediate Market Questions
Q6 How is Monero different from Bitcoin
A The key difference is privacy Bitcoin transactions are pseudonymous and traceable on a public ledger Monero transactions are opaque and untraceable Monero also has a different mining algorithm designed to be more decentralized
Q7 What are the main benefits of using Monero
A The primary benefits are
Financial Privacy Your transaction history and balances are yours alone