Analyst Says This Top-10 Altcoin Is Flashing Clear Signs It Will Outperform Ethereum When the Bull Run Resumes
A popular crypto trader believes one top-10 altcoin will likely outperform Ethereum ( ETH ) once the crypto market takes off on a bull run again.
Pseudonymous analyst Inmortal Crypto tells his 232,000 followers on the social media platform X that Solana ( SOL ) is already outperforming ETH in the latest market bounce this month, signaling the trend will likely continue.
“SOL outperforming ETH in this bounce. Obvious clues as to which out-performer will be when the bull run resumes.”
Source: Inmortal Crypto/X
Looking at his four-hour charts comparing the performance of SOL to ETH during the month of April, the analyst shows SOL surged from its April low to high by about 65%, while ETH surged this month from its low to high by about 33%.
Next up, the analyst suggests that SOL will soon soar to around $330 after retesting a key support level at around $100.
“In retrospect, it will seem so obvious.”
Source: Inmortal Crypto/X
The analyst also says that ETH is on the verge of a breakout after retesting the $1,500 level, likely repeating a similar late 2024 pattern.
“ETH: In a few months, many will look back to this chart with regret.”
Source: Inmortal Crypto/X
Solana is trading for $151 at time of writing, down nearly 1% in the last 24 hours.
Meanwhile, ETH is trading for $1,791 at time of writing, up 1% on the day.
Follow us on X , Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Bitget Spot Margin Announcement on Suspension of MAVIA/USDT, BADGER/USDT, BAN/USDT, PONKE/USDT, FLOCK/USDT Margin Trading Services
