Solana
“Time is a Flat Circle” – Analyst Sees Solana (SOL) Mirroring 2021 Price Action That Led to Nearly 980% Surge
One closely followed analyst believes that Solana (GROUND) could repeat a pattern seen three years ago, before the smart contract platform hit its all-time high.
Pseudonymous analyst Inmortal tells his 214,700 followers on social media platform X that Solana appears to be printing a series of bullish higher-lower patterns on the two-day chart after briefly surging above $200 earlier this year.
According to the analyst, SOL followed the same pattern during the second and third quarters of 2021, just before Solana triggered a parabolic surge from $24 to its all-time high of $259, an increase of over 979%.
“Time is a flat circle.
GROUND.”
Source: Immortal/X
Looking at the trader’s chart, he seems to predict that SOL will rally to a new all-time high around $500. At the time of writing, SOL is worth $159.
The analyst is also bullish on gaming altcoin Beam (BEAM). The analyst shares a chart suggesting that BEAM will break above $0.03 after reclaiming $0.016 as support.
“Shopping day.
BEAM.”
Source: Immortal/X
At the time of writing, BEAM is trading at $0.0175.
Turning to the native asset of real-world asset (RWA) protocol TokenFi (TOKEN), the analyst believes the altcoin is currently displaying a bullish setup after reclaiming support at $0.08.
“If they approve the ETH ETF this week, tokenization/RWA plays should fly, in my opinion.
TOKEN is one of my favorites.
> Price returns above key level
> Gap Configuration
> At the head of the sector. »
Source: Immortal/X
At the time of writing, TOKEN is worth $0.0816, up more than 13% on the day.
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