Solana

<p>In the latest X post, veteran trader Peter Brandt shared a trader’s perspective on Solana and Ethereum. He noted that both are poised for upside breakouts to join Bitcoin; however, he specifically pointed out Solana and urged the users to notice SOL breaking out into new highs.&nbsp;</p>   
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   https://twitter.com/PeterLBrandt/status/1854489357266108616 
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<h2 class="wp-block-heading" id="h-brandt-finds-solana-more-promising">Brandt Finds Solana More Promising</h2>   
<p>He mentioned that Solana is breaking out into new highs while Ethereum is “chewing” into overhead resistance. The chart showed that SOL is on the verge of breaking the resistance at $200 and soaring beyond its current all-time high (ATH) of $260.</p>   
<p>Solana has cleared critical resistance zones and is in the process of setting new highs. Solana is trading well above its 8-week SMA. Staying above this average shows strong bullish momentum for Solana and any pullbacks could find support at this level.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-eth-struggling-to-break-resistance-level">ETH Struggling To Break Resistance Level</h2>   
<p>The Ethereum chart on the other hand showed that ETH is still struggling to break above the $2,800 resistance level. The chart also reveals that Ethereum encounters selling pressure as it moves towards higher levels.&nbsp;</p>   
<p>Ethereum’s price remains above the 8-week Simple Moving Average (SMA) which suggests upside momentum. However, ETH still faces multiple resistance zones to achieve new highs.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-brandt-prefers-sol">Brandt Prefers SOL</h2>   
<p>Brandt shared “I always favor new highs and prefer SOL.” He also noted that he prefers Solana over Ethereum.</p>   
<p>Solana and Ethereum continue to fight to cement their positions in DeFi. In the last 24 hours, Ethereum is number 1 among all networks in terms of DEX volume. It witnessed a trading volume of $2.94 billion during this period while Solana is behind with a trading volume of $2.53 billion.&nbsp;</p>   
<p>However, Solana still leads Ethereum in 7-day trading volume, with $13.61 billion traded during this period while Ethereum’s volume stands $10.99 billion.</p>

Peter Brandt Claims ETH, SOL Poised For Breakouts, Favours Solana For Its New Highs

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