XMR Takes Over from ZEC in Counter-Trend Rally: How Smart Money Is Playing It

Global stock and crypto markets posted broad weakness this week—but Monero (XMR), the veteran privacy coin, bucked the trend, rising 9.4% as of Wednesday, October 23. Notably, this rally wasn’t accompanied by any clear fundamental catalysts. Instead, a key technical signal may have driven the move: renowned trader and chart analyst Peter Brandt published an XMR technical outlook on Wednesday, stating, “XMR’s current price pattern closely resembles silver’s historical setup ahead of its major breakout—just before it surged to $125—suggesting Monero may be primed for a similarly powerful rally.”

So, beyond strengthening technicals, how are institutions and professional capital—aka “smart money”—positioning themselves ahead of a potential XMR “big move”? Here’s a breakdown: