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SOL’s Potential Crash to $80
Veteran crypto analyst Peter Brandt has issued a bearish forecast for Solana (SOL), predicting a drastic price drop to around $80**—a **46.67% decline** from current levels. Brandt’s analysis hinges on Solana’s failure to breach key support levels, particularly **$129. If this support breaks, a completed "rectangle pattern" could trigger a downward spiral.
Key Points:
- Brandt’s chart identifies $204 as a new resistance level.
- Market volatility and investor sentiment remain critical factors.
- Community discussions debate whether the pattern is a rectangle or descending triangle, but both scenarios suggest similar downside risks.
👉 Why Solana’s price volatility matters for investors
Optimistic Counterview: A Rally to $208?
While Brandt warns of a drop, analyst ‘TraderXO’ offers a contrasting outlook:
- Short-term dip: SOL may retrace to $120.
- Long-term surge: A 38.67% rebound to $208 is possible if buying pressure resumes.
Why It Matters:
- TraderXO’s strategy involves buying at lower support levels, anticipating bullish momentum.
- This scenario requires SOL to overcome resistance and regain investor confidence.
FAQ Section
Q1: What’s driving Solana’s price volatility?
A: Market sentiment, technical patterns (e.g., rectangle formation), and macroeconomic factors influence SOL’s fluctuations.
Q2: Should investors sell SOL now?
A: Decisions should align with risk tolerance. Diversification and monitoring support/resistance levels are advised.
Q3: How reliable are these price predictions?
A: Forecasts are speculative. Always cross-reference multiple analyses and stay updated with real-time data.
Final Thoughts
Solana’s price trajectory remains highly contested:
- Bearish case: $80 if support breaks.
- Bullish case: $208 with a strategic rebound.