Acccording to Peter Brandt, SOL could be ready for an massive rally after consolidating over 6 months above $120.
emerged as one of the top outliers during this market cycle. It jumped from a low of $8 after the FTX implosion to a high of $210 in March 2024. That’s an over 2000% gain.According to renowned technical chart analyst Peter Brandt, SOL’s six-month price consolidation was a great set-up for an upside advance. He“Looks like $SOL $SOLUSD held support at $120. This could become a rectangle capable of launching a sizable advance.
Besides, Solana’s infrastructure is primed for a massive overhaul, as the Firedancer, its second validator client, has hit testnet and could soon reach the Mainnet. Apart from enhanced processing, this would make the network more decentralized by reducing a single point of failure based on a single validator client.
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