Prominent figures in the cryptocurrency world are closely monitoring Solana as it gears up for a stronger performance compared to Ethereum.
$149(SOL) as it gears up for a stronger performance compared to Ethereum (ETH)
1,808 in the near future. Recent data reveals that in April, Solana experienced an impressive 65% value increase, while Ethereum only managed a 33% gain. This significant disparity may serve as an important signal for traders and market participants.
Solana Maintains Robust Ascent
Chart analyses clearly indicate that Solana is gaining upward momentum from its recent lows. The surge observed throughout April is considered a movement that supports the overall market trend. The analyst emphasizes that short-term recoveries could signify larger trend changes on the horizon.
Solana vs Ethereum
According to the analyst, after testing a certain support level, Solana could potentially rise to 330 dollars. Currently trading around 151 dollars, this altcoin is expected to make larger jumps despite short-term volatility. Particularly with the impending bull market, there are strong indications that Solana may surpass Ethereum.
Short-term charts show clear recovery signals for SOL, paving the way for bolder moves from traders. However, caution is advised during this period.
Critical Threshold for Ethereum: $1,500
In the case of Ethereum, technical indicators suggest that the $1,500 level serves as a crucial support point. The analyst believes that Ethereum could initiate a new upward wave after gaining strength from this support. Nevertheless, it is crucial for traders to remain prepared for sudden fluctuations during this process.
Past chart formations indicate that after retesting the $1,500 mark, Ethereum is likely to gain significant momentum. Such turning points are often remembered as missed opportunities in hindsight. According to the analyst, many may look back at this chart with regret in the coming months.
Currently, ETH is priced at $1,791. Maintaining this level keeps the possibility of a broader rally alive. However, as with Solana, proper risk management should take precedence here.
