Peter Brandt Reveals How Monero (XMR) Could Print a “God Candle” Like Silver

Monero (XMR) recently hit a new all-time high above $598, pushing its market capitalization past $10 billion for the first time, with analysts remaining bullish. Veteran trader Peter Brandt fueled optimism by comparing XMR's monthly chart price action to silver's historical quarterly chart breakout, where silver printed a powerful “god candle” after breaking a long-term resistance trendline. Brandt implied XMR could see a similar explosive move if it breaks its own trendline, though he offered no specific price target. Further supporting the bullish outlook, XMR dominance reached its highest level since 2023 while the price set an ATH, signaling potential capital rotation from other altcoins into Monero. Additionally, geopolitical events, such as Tether freezing funds linked to illicit finance and Iran using crypto to bypass sanctions, increase demand for privacy coins like Monero as a preferred, untraceable option.

(Source：BeInCrypto)