Solana (SOL) has recently shown strong recovery gains, reclaiming $150 and outperforming Ethereum (ETH) by 30-140% in the long run. Renowned trader Peter Brandt expects this trend to continue, citing the Cup and Handle pattern as a bullish indicator for SOL. His chart suggests that the SOL/ETH ratio could potentially rally by 90% to 245% from its current level of 0.08.
Brandt’s projection is backed up by a report that Galaxy Digital swapped $105 million worth of ETH for SOL on Binance. This investor shift from ETH to SOL among large players may further validate Brandt’s prediction of SOL’s outperformance against ETH in the future. The ongoing market recovery for SOL is supported by organic spot demand and an increase in Open Interest, indicating strong interest from both spot and derivative traders.
If SOL continues to break key resistance levels, such as $160, and maintains bullish momentum, it could see further price appreciation in the near future. However, failure to break above RSI neutral levels could lead to a retest of $136, making traders cautious about the sustainability of SOL’s current rally. With the potential for SOL to outshine ETH by a significant margin, investors may be keeping a close eye on this cryptocurrency for future growth opportunities.
