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.”
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.”
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.”
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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