Experienced trader and analyst Peter Brandt attracted attention with his recent post about Solana (SOL).
In his social media post dated April 5, Peter Brandt included an analysis of Solana. Focusing on the Solana/Ethereum chart, Brandt said that if this area is surpassed, a 2x increase could be expected.
As the resistance level, the analyst identified the 0.55 area in the SOL/ETH pair, stating that this area represents significant supply, and emphasized that Solana could double against Ethereum if this liquidity line is absorbed.
Explicitly exposing his FUD posts about Ethereum, the experienced figure expressed that he does not actually have a bearish view on Ethereum:
The SOL/ETH chart stands at great resistance. Resistance = supply. If this supply line is absorbed, then SOL has the potential to double its value against ETH. By the way, in case you haven’t noticed, I enjoy spreading FUD about ETH. Actually, I don’t have as bearish a view as my FUD indicates.
