Solana price forecast by Peter Brandt predicts potential increase to $500
Solana (SOL) Bullish Outlook as Investor Peter Brandt Predicts Potential Surge
In a recent tweet on May 25th, investor Peter Brandt expressed his belief that Solana could surpass $500 in the coming weeks, potentially doubling XRP's investment returns in the process. This bullish prediction stems from a combination of technical and on-chain indicators suggesting strong upward momentum and a potential breakout for SOL.
Brandt based his prediction on Solana's "cup and handle" pattern, which, if broken, could propel the price to $518 – a 195% increase from its current level. Meanwhile, XRP's price could reach $4.40, representing an 87% increase from its current price of $2.30 due to breaking out of an ascending triangle formation.
The MVRV (Market Value to Realized Value) on-chain analysis tool indicates additional potential for SOL. Prior to SOL's 2021 peak of $260, the MVRV ratio was above 3.5. At the time the price dropped to $200 in 2024, the ratio was 2.5. When SOL peaked at $295 in January 2025, the MVRV ratio was 2. The current MVRV value stands at 1.2, suggesting there is still room for local price upside. If MVRV reaches 2-2.5, it might indicate a new local peak, while values above 3.5 could signal a cyclical peak.
To further support the bullish outlook, the number of whale wallets – those holding 1,000 SOL or more – has steadily increased from 21,600 to 23,000 since March 2025, suggesting a potential accumulation trend. Nevertheless, the market remains uncertain, reflected in the 50-50 split on Polymarket between those believing Solana will reach a new all-time high in 2025 and those holding a more cautious view.
While Solana is showing strong signs of bullish momentum from both technical and on-chain indicators, investors are advised to remain cautious. The project's network growth, increased adoption in DeFi and enterprise use cases, and solid market demand are likely to drive sustained utility and confidence in the network. Many analysts predict that SOL could reach $270-$280 by late 2025, with the possibility of consolidation phases followed by further upward momentum into the $340-$370 range by year-end.
Technology plays a significant role in Brandt's prediction, as the "cup and handle" pattern he identified is a characteristic of block chain-based assets. His belief in Solana's potential surge in finance is further bolstered by on-chain indicators such as the MVRV ratio, suggesting room for local price upside. Moreover, the increase in whale wallets holding 1,000 SOL or more signifies potential accumulation and could indicate continued investing in Solana's technology.
