Seasoned trader Peter Brandt believes Solana (SOL) could double in value against its rival Ethereum (ETH).
Key Resistance Level
Brandt’s analysis shows that SOL/ETH is approaching a critical resistance level. If the pair breaks through this level, Solana could surge by 100% against Ethereum.
Potential Target
Brandt predicts that SOL/ETH could reach 0.11009 ETH ($377.72) if it overcomes the resistance at 0.055 ETH ($188.70).
Preference for Solana and Bitcoin
Based on technical analysis, Brandt prefers holding Solana and Bitcoin (BTC) over Ethereum. He notes that Ethereum has broken a key support level against Bitcoin (ETH/BTC).
ETH/BTC Analysis
Brandt suggests that ETH/BTC has breached the support level of 0.05 BTC ($3,485). At the time of writing, ETH/BTC is trading at 0.04931 BTC ($3,424).
