One analyst who is closely watched believes that Solana’s (SOL) may be repeating a pattern witnessed three years ago before the smart contract platform surged to its all-time high.
Inmortal, a pseudonymous analyst on social media platform X tells his 214.700 followers that Solana is printing a bullish series of higher-lower setups on the 2-day chart. This comes after the stock briefly soared above $200 in the early part of this year.
Analysts claim that SOL displayed the same pattern from Q2 through Q3 2021. This was just prior to Solana exploding to a record high $259 after a surge of over 979 percent.
Time is flat.
SOL.”
According to the chart of a trader, SOL should rally up towards $500. SOL’s current value is $159 at the time of this writing.
Beam, a gaming altcoin (also known as Beam), is also favored by the analyst.BEAM). The chart shared by the analyst suggests that BEAM is likely to surge over $0.03 following a $0.016 recovery as a support.
“Shopping day.
BEAM.”
BEAM is currently trading for $0.0175 at the time this article was written.
Analysts believe that TokenFi TOKEN (the native asset for the RWA protocol) is now showing a positive setup, after the altcoin regained support at $0.08.
If they approve an ETH ETF in the next few days, I think tokenization/RWA will be successful.
TOKEN has always been one of my favorites.
> Price back above key level
> Deviation setup
> Leading the sector.”
TOKEN’s value is $0.0816 at the time this article was written, an increase of over 13% in one day.
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