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Home»ALTCOIN NEWS»‘Time is a flat circle’ – Analyst sees Solana (SOL) leading the nearly 980% rally, reflecting 2021 price action
ALTCOIN NEWS

‘Time is a flat circle’ – Analyst sees Solana (SOL) leading the nearly 980% rally, reflecting 2021 price action

By Crypto FlexsJuly 17, 20242 Mins Read
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‘Time is a flat circle’ – Analyst sees Solana (SOL) leading the nearly 980% rally, reflecting 2021 price action
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A prominent analyst believes Solana (SOL) could be repeating a pattern we saw three years ago, before the smart contract platform hit an all-time high.

Anonymous analyst Inmortal told his 214,700 followers on social media platform X that Solana appears to be printing a series of bullish uptrend-down patterns on its two-day chart after briefly breaking $200 earlier this year.

According to the analyst, SOL followed the same pattern in Q2-Q3 2021, when Solana soared from $24 to an all-time high of $259, a gain of over 979%.

“Time is a flat circle.

brush.”

Source: Inmortal/X

Looking at the trader’s chart, he seems to be predicting that SOL will rally towards a new all-time high of around $500. At the time of writing, SOL is valued at $159.

The analyst is also bullish on gaming altcoin Beam (BEAM). The analyst shares a chart suggesting that BEAM will surge above $0.03 after recovering support at $0.016.

Shopping day.

beam.”

video
Source: Inmortal/X

At the time of writing, BEAM was trading at $0.0175.

Looking at the underlying asset of TokenFi (TOKEN), a real-world asset (RWA) protocol, the analyst believes that the altcoin is currently in a bullish phase after recovering support at $0.08.

“I think if an ETH ETF gets approved this week, the tokenization/RWA play will be successful.

TOKEN is one of my favorite apps.

> Price rises back above key levels
> Set deviation
> is leading the field.”

video
Source: Inmortal/X

At the time of writing this article, TOKEN was valued at $0.0816, up more than 13% from the previous day.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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