Peter Brandt Flags 14-Week SOL Rectangle, Sees Possible 50% Drop to $43.70

Veteran trader Peter Brandt says Solana (SOL) has formed a 14-week rectangle that could break down and extend a bearish setup. He argues a downside breakout could confirm a large head-and-shoulders top, implying a $43.70 target—about a 50% drawdown from current levels. SOL was trading at $86.97 at the time of writing.