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Crypto analyst, Peter Brandt sees the possibility of Solana (SOL) soaring against Ethereum (ETH) if it breaks a critical resistance level. It is this fact that has led many crypto investors to reflect on this trend.
In a recent post, X Brandt highlighted that SOL was encountering resistance on the SOL/ETH chart. This indicates that sellers are more interested in this point because it is proving difficult to breach. On the other hand, if the buyers intervene and buy all the available SOL relative to ETH, the cost of one SOL could grow by two times its present price.
Brandt had doubts concerning Ethereum earlier on and therefore, he called it a “junk coin,” however, he emphasized that he wouldn’t be against a leveraged long position on ETH if the technicals would look positive.
As per the writing time SOL is trading at a price is $ 179.01 with an increased Percentage of 2.3% within the past 24 hours.
Also read:Bitcoin Surges 3,230% on Average After Halving Events
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