Solana, a top competitor to Ethereum, could be in for a major drop, according to seasoned trader Peter Brandt.
Brandt, who has over 700,000 followers on X (formerly Twitter), says Solana is currently trading near a key support level. If this level breaks, he believes the price could plummet over 43% to around $80.
But not everyone is bearish on Solana.
Another crypto trader, known as Inmortal, is predicting a massive breakout for Solana. He believes the price could soar to $350 by the summer of 2025.
While Brandt sees potential for a Solana crash, he’s also bullish on Bitcoin.
He believes Bitcoin is forming a “cup-and-handle” pattern, which is often seen as a bullish signal. This pattern suggests that Bitcoin could be preparing for a new all-time high.
It’s important to remember that these are just predictions.
The crypto market is volatile and unpredictable. It’s always best to do your own research before making any investment decisions.
