TLDR
- Peter Brandt says SOL’s rectangle may extend bearish pressure if weekly support breaks below range.
- The $43.70 target comes from a larger head-and-shoulders structure visible on the weekly chart now.
- Brandt said his report presents possibilities, not firm predictions about Solana’s next weekly market move.
- SOL remains inside the 14-week rectangle, so traders are watching for a weekly close breakdown.
- A move back above $105 to $110 may weaken the bearish chart case for SOL.
Veteran trader Peter Brandt has raised fresh concern over Solana’s weekly chart setup. His latest SOL view focuses on a 14-week rectangle after a larger bearish pattern. He said the chart presents a possible path, not a confirmed forecast.
Brandt wrote that The Factor Report “does NOT make predictions” and “present possibilities.” He added that SOL may confirm a lower target if price breaks down. The key level on his chart sits near $43.70.
Brandt’s chart shows SOL trading below a former breakdown zone. The area sits near the $105 to $110 range on the weekly chart. That level appears to act as the neckline of a large head-and-shoulders pattern.
The structure formed across 2024 and 2025, according to the shared chart. SOL then moved below the neckline and failed to reclaim it with strength. Since then, price has moved sideways inside a 14-week range.
Brandt described this range as a possible rectangle pattern. In chart terms, a rectangle can mark a pause before the next move. However, the direction stays open while price remains inside the range.
Break Below Range May Confirm $43.70 Target
Brandt linked the lower target to the large head-and-shoulders pattern. The measured target shown on the chart sits around $43.70. He said the target could be confirmed only after a downside break.
His post stated, “If it is a continuation rectangle with downside BO, then the 43.70 target will be confirmed.” The word “if” matters because SOL has not broken below the rectangle yet. Therefore, the bearish case still needs a clear weekly signal.
A weekly close below rectangle support would give bears more control. However, a move back above $105 to $110 could weaken the setup. Traders are now watching both areas as key chart levels.
Crypto Community Reacts to Brandt’s SOL Warning
The post drew a strong reaction from crypto users. One user said, “43.70 is just a probability not a confirmed target.” The user also argued that charts should not treat targets as guaranteed outcomes.
Brandt pushed back and repeated that he was not making a firm call. He said his work presents possible market paths through chart patterns. His response also pointed to his long trading career.
The exchange gained attention because SOL remains one of the largest crypto assets. Many traders track Solana price action for market direction and risk. For now, the chart remains undecided until SOL leaves the 14-week rectangle.
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