- According to a well watched analyst, Solana (SOL) might be following a same pattern that was seen three years prior to the smart contract platform’s all-time high.
After temporarily rising above $200 early this year, Solana looks to be printing a series of bullish higher-low setups on the two-day chart, according to pseudonymous analyst Inmortal, who has 214,700 followers on the social media platform X.
The analyst claims that shortly before Solana sparked a parabolic run from $24 to its all-time high of $259, an increase of nearly 979%, SOL flashed the same pattern in Q2 and Q3 of 2021.
Based on the trader’s chart, it appears that he believes SOL will rise to a new all-time high of almost $500. As of this writing, SOL is valued at $159.
The expert has a strong outlook on Beam (BEAM), an altcoin for gaming. The expert provides a graphic that indicates that, after bouncing back from $0.016 as support, BEAM will rise beyond $0.03.
BEAM’s trading price as of this writing is $0.0175.
Focusing on TokenFi (TOKEN), the native asset of the real world assets (RWA) protocol, the analyst believes that the altcoin is presently displaying a bullish setting following its recovery of support at $0.08.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
