Peter Brant shared an interesting chart analysis, suggesting that Monero is showing a structure very similar to the long consolidation and sharp surge pattern that silver experienced. Silver had been stuck in a trading range for decades before nearly doubling to $84 an ounce recently, and the analysis indicates that Monero might be following a similar scenario.

Over the past seven years, Monero has mostly traded below its 2018 peak, remaining sidelined. Negative factors like exchange delistings and regulatory pressures persisted, but the recent situation is changing. It has risen over 57% in the past year and has recently broken through several previous resistance levels. Its all-time high was $578, surpassing the previous peak of $540.

The core of Brant’s analysis isn’t specific price targets but a shift in market sentiment. Like silver, Monero could gradually build momentum in silence, then suddenly break through all resistance and surge. This pattern depends on macroeconomic conditions, positioning, and market narrative aligning.

Could Monero now be approaching that moment? Interest in privacy coins is increasing, and expectations for protocol upgrades are growing. While regulatory uncertainty remains, the market is already moving. As privacy issues become more prominent, privacy-focused assets like Monero could be reevaluated. Looking at recent movements, it might not just be a rebound but the start of a new cycle.