Momentum is building around Solana (SOL), with some market watchers suggesting it could soon surpass Ethereum (ETH) in performance if the crypto market heats up again.
One analyst, known as Inmortal Crypto, highlighted on X that SOL has already been showing stronger gains than ETH during April’s recovery phase.
Based on recent charts, SOL nearly doubled the percentage increase posted by Ethereum this month, hinting that Solana might be better positioned once bullish conditions return.
Looking closer at the data, Solana has climbed around 65% from its April lows, compared to Ethereum’s 33% rise. Inmortal argues that SOL’s ability to outperform ETH during periods of volatility could foreshadow bigger moves when broader momentum picks up.
His projections place SOL reaching around $330, especially if it manages to defend a key support zone near $100. Reflecting on this, he suggested that hindsight will make the opportunity seem glaringly obvious.
As for Ethereum, Inmortal pointed out that ETH’s price action around the $1,500 level could be setting the stage for a breakout — drawing parallels to patterns seen in late 2024. If history repeats itself, he hinted, many traders might soon regret hesitating at these levels.
Solana (SOL) has gone down by 6% in the past week and although the token has recovered in the past 24 hours, technical indicators favor a bearish outlook. Trading volumes have gone up by nearly 18% as bulls managed to reverse an early sell-off during the Asian session. However, meme coins, an important segment of […]
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