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Monero Climbs 9.4% This Week as Global Stock and Crypto Markets Weaken

Trader Peter Brandt compared Monero’s chart pattern with silver’s before a sharp move to $125, but no major positive catalyst was apparent.

By Enna Lee
Published
An unmarked dark coin rises beside a silver bar on stone steps / TokenPost.ai
An unmarked dark coin rises beside a silver bar on stone steps / TokenPost.ai

Monero (XMR) advanced 9.4% over the week as global stock and crypto markets struggled, with a chart comparison by trader and analyst Peter Brandt emerging as a possible catalyst for the privacy coin’s gains.

Brandt said Wednesday that Monero’s chart pattern resembled silver’s before the metal’s sharp rise to $125. The comparison may have helped fuel XMR’s advance, though no major positive catalyst was apparent.

A Monero wallet exited before a 12% rally.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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