Experienced trader Peter Brandt cautioned that Solana 
$219 (SOL), a major competitor of Ethereum 
$3,216, may face significant correction risks. He noted that if Solana loses the support level near its trading range’s lower boundary, it could drop more than 43% from its current value.
Brandt’s Warning
Brandt, who has hundreds of thousands of followers on the X platform, stated that if the support level of approximately $129 breaks, a large rectangle formation could complete, potentially driving the price down to around $80. This assessment invites investors to closely monitor Solana’s critical support levels.
“Observation on SOL. At a support area. If the support (around $129) breaks, a large rectangle completes, and the price may drop to around $80.”
Inmortal’s Optimistic Forecast
Conversely, fellow crypto trader Inmortal believes Solana is gearing up for a major breakout. In a recent market analysis shared on the X platform, he indicated that SOL could break through its descending resistance line, consolidating to reach approximately $350 by the summer of 2025.
“Solana is about to take off.”
According to Inmortal’s analysis, Solana may experience significant value increases in the near future. However, it first needs to overcome hurdles at $188 and $210.
Brandt also shared a scenario where Bitcoin 
$89,739 could reach new all-time highs. He suggested that Bitcoin might be forming a large cup-and-handle pattern since late 2020, typically indicating a consolidation after a sharp rise before breaking through a significant resistance level.
As of the time of writing, Bitcoin was trading at approximately $63,029, up about 3% in the last 24 hours. Experts believe that these potential movements in both Solana and Bitcoin could significantly impact the cryptocurrency market, emphasizing the need for investors to closely monitor market developments and manage their risks.
