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Crypto

Veteran trader Peter Brandt says Monero mirrors silver\'s pre-surge pattern

Monero (XMR) is hovering near a long-term resistance line, and veteran trader Peter Brandt compared its chart to silver just before a sharp surge. Brandt posted long-term charts of Monero and silver side by side on X and suggested Monero could break a key resistance level, without giving a price target. He said the structure resembles silver before it rose to $125 an ounce, while adding that precious metals and crypto markets are different.

Crypto

Monero builds momentum, eyes $600 after breaking $558 resistance

Monero (XMR) has moved above the $558 resistance level and is eyeing $600. XMR rose about 4 percent over 24 hours and is now trading above $592, with attention on whether the rebound is short-lived or leads to further gains. The rally began in August after XMR broke $410. A THORChain upgrade expanded swap routes, while exchange supply fell as investors moved holdings to private wallets. Signs of overheating and EU delisting pressure through 2027 remain risks.

Crypto

Bitcoin rebounds to $82,000, holds up as $1 trillion vanishes from AI, chip stocks

Cryptocurrency markets rebounded after a brief threat of breaking below $80,000, with bitcoin showing resilience. At 8 a.m. on Oct. 16, Coin360 data showed bitcoin at $82,331, up 0.83 percent, with a 59.63 percent market share. Ether and XRP also rose. Zcash posted the biggest gain among major altcoins, while OKB fell. Bitcoin had dipped to $79,950 on Oct. 15.