Solana Outperforms Ethereum by 32% in April, Analyst Predicts 120% Gain

A prominent cryptocurrency trader has identified a top-10 altcoin that is showing clear signs of outperforming Ethereum (ETH) when the next bull run resumes. The pseudonymous analyst, Inmortal Crypto, shared his insights with his 232,000 followers on the social media platform X, highlighting Solana (SOL) as the altcoin likely to lead the market.

According to Inmortal Crypto, Solana has already demonstrated superior performance compared to Ethereum during the recent market bounce in April. The analyst's four-hour charts reveal that SOL surged by approximately 65% from its April low to high, while ETH saw a more modest increase of about 33% during the same period. This performance gap suggests that SOL could continue to outperform ETH as the market enters a new bullish phase.

The analyst further predicts that SOL will soon reach around $330 after retesting a key support level at approximately $100. This forecast is based on the altcoin's recent price movements and its potential to repeat past patterns. Inmortal Crypto also notes that ETH is on the brink of a breakout after retesting the $1,500 level, a pattern similar to the one observed in late 2024.

At the time of writing, Solana is trading at $151, reflecting a slight decline of nearly 1% in the last 24 hours. Meanwhile, ETH is trading at $1,791, up 1% on the day. These price movements align with the analyst's observations and predictions, providing a basis for his bullish outlook on SOL.

The analyst's insights are based on technical analysis and historical price patterns, offering a perspective on the potential performance of SOL relative to ETH. However, it is important to note that these predictions are speculative and should be considered with caution. Investors are advised to conduct their own research and due diligence before making any investment decisions.