Peter Brandt Warns Solana Could Crash

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. A 14-week rectangle Solana's underwhelming price performance Advertisement Veteran commodity trader Peter Brandt, who frequently riles up the cryptocurrency community with his controversial takes, has now taken aim at Solana (SOL). According to the prominent chartist, the altcoin has formed an ominously bearish pattern that could result in an extremely painful 50% correction from the current levels. With that being said, Brandt has stressed that he merely presents possibilities instead of making predictions. HOT Stories Peter Brandt Warns Solana Could Crash Is Hyperliquid Worth All the Recent Hype? A 14-week rectangle According to Brandt, Solana has now formed a 14-week rectangle that could spell trouble for the bulls. Advertisement If this horizontal channel happens to resolve as a continuation pattern with a downside breakout, it will validate a massive head and shoulders (H&S) top. The Factor Report™️ does NOT make predictions We present possibilities The weekly chart of $SOL now presents a 14-week rectangle If it is a continuation rectangle with downside BO, then the 43.70 target from the massive H&S top will be confirmed pic.twitter.com/bT8rhhtLeC — The Factor Report (@PeterLBrandt) May 16, 2026 The downside target for Solanas would be $43.70 if the aforementioned bearish pattern ends up playing out. Advertisement Solana's underwhelming price performance Solana reached its local high near the $260 mark in October. Since then, it has experienced an extremely severe bearish breakdown. The token broke through multiple support levels to bottom out near $130 by early December. Through December and early January 2026, the token attempted to pull off an unlikely relief rally that peaked near the $150 level. However, SOL failed to sustain upward momentum. Then, in February, SOL experienced a painful capitulation in tandem with the broader cryptocurrency market. You Might Also Like Wed, 04/08/2026 - 12:09 Solana on the Verge of Reclaiming $90 as SOL Price Jumps 8% By Godfrey Benjamin SOL crashed the price through the critical $100 psychological support, and the token ended up bottoming out near the $70 mark. After the February plunge, SOL has been trapped in the aforementioned 14-week rectangle formation that has been described by Brandt. It has repeatedly bounced off a support floor in the low $70s and faced heavy rejection at a resistance ceiling just below $100. Solana is changing hands at $86.97, CoinGecko data show.s After a failed attempt to break out above the mid-$90s in early May, the "Ethereum killer" has now settled back into the middle of this dangerous continuation zone. If Solana fails to hold the baseline support of this 14-week rectangle, Brandt's uber-bearish target could come into play. #Solana News #Solana Price Prediction #Solana ETF