Peter Brandt Flags Solana (SOL) Breakout Pattern Eyeing 106% Upside

Peter Brandt Maps a 106% Solana (SOL) Breakout

Veteran technical analyst Peter Brandt has identified a bullish consolidation structure on the Solana (SOL) chart and argues the asset may be coiling for an impulsive advance that lifts its price by more than 106% from current accumulation levels. The geometry he describes is an ascending triangle — a formation in which price prints progressively higher lows beneath a fixed resistance line, a pattern traders read as buyers stepping in at ever-better prices while overhead supply is absorbed. In Brandt’s reading, Solana’s price floors are rising in a graduated sequence and buying pressure remains coherent, signaling that an extended accumulation phase is close to completion. The projected payoff, however, hinges on confirmation rather than hope: the setup requires a weekly candlestick close above the nearby resistance zone, and only a confirmed weekly close would validate the launch signal and open the path toward the 106% rally. As long as the key support areas hold, the bullish scenario stays intact; a loss of those floors would void it. Brandt also flags the wider market as a variable — Bitcoin’s trajectory and aggregate liquidity can trigger abrupt corrections that interrupt even well-formed structures. The fundamental backdrop he cites matches what we see on-chain: decentralized exchange activity on the network keeps expanding, tokenization of real-world assets is accelerating, and institutional partnerships continue to land. Solana the proof-of-history smart-contract network has been building a measurable usage case to match — our own coverage shows Solana DEXs logged 208 million weekly trades, overtaking the NYSE, a scale of activity that supports the accumulation thesis rather than contradicts it.

Multicoin’s Kyle Samani Predicts the Flip

Multicoin Capital co-founder Kyle Samani expects Solana to overtake Ethereum within the current market cycle. In a recent interview, Samani argued that crypto companies that need to ship products and run operations on-chain get more functionality out of Solana and find it easier to concentrate their operations on a single network, which he called the most feature-complete among major chains. As those firms revisit their defaults, he expects a gradual shift that chips away at Ethereum’s long-standing role as the first-choice smart-contract platform. The arithmetic of the flip is steep: SOL’s market capitalization stands at roughly $58 billion against about $293 billion for Ether, a gap the smaller asset must close through outsized growth. Momentum currently favors it — over the past month SOL gained about 34% while ETH advanced about 30% — though the thinner market-cap base makes SOL’s swings sharper, and the past year still shows SOL down roughly 59% versus a 45% decline for ETH. Samani’s skepticism extends to Ethereum’s tokenomics: he described ETH as a $300 billion to $400 billion asset whose value-capture mechanism is questionable and whose network is not growing, asking why investors would hold it at current valuations when cheaper opportunities exist. In his view, Ethereum keeps its lead mainly through the stablecoin ecosystem, including ETH-collateralized stablecoin lending. He went as far as saying that “almost nobody actually uses Ethereum.” The conviction is not new — he entered crypto through Ethereum in 2016, co-founded Multicoin in 2017 and participated in Solana’s early funding round, effectively an ICO-era bet that became the fund’s core long-term position. He stepped down as managing partner in February after a decade and in September joined the US board of the trading platform Backpack. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

On-Chain Fees Test the Flip Thesis

The two calls converge on the same thesis from different directions: a veteran chartist sees an accumulating structure on the Solana chart, and an early venture backer sees a network winning enterprise defaults. On-chain fee data gives the argument some fuel — Solana generated roughly $23 million in fees over the past 30 days, ranking fourth among major blockchains, while Ethereum produced about $12.6 million, ranking sixth. A single month of fees does not settle the debate, since fee structures and use cases differ across networks, but for COINOTAG the actionable marker is technical: a confirmed weekly close above resistance is what turns Brandt’s 106% target from a setup into a trend. Until that print, both calls remain forecasts — and, in an altcoin market this fluid, ones worth stress-testing against Bitcoin’s next move.