Solana (SOL) May Mirror 2021’s Explosive Growth, Analyst Forecasts 980% Rally
A popular analyst predicts Solana (SOL) may be mirroring its 2021 price pattern. Which led to a significant rally. Inmortal, sharing insights with his 214,700 followers on X, notes that Solana is showing bullish higher-low setups on the two-day chart after briefly surpassing $200 earlier this year.
He draws parallels to Q2 and Q3 of 2021 when SOL soared from $24 to an all-time high of $259. Marking a 979% increase. Currently, SOL is valued at $159, and Inmortal anticipates a potential surge to around $500.
In addition to Solana, the analyst expresses optimism for gaming altcoin Beam (BEAM) and TokenFi (TOKEN). He expects BEAM to rise above $0.03 after reclaiming $0.016 as support, with its current price at $0.0175. For TOKEN, he highlights a bullish setup after it regained support at $0.08, noting the altcoin’s potential surge if an ETH ETF is approved. TOKEN is currently trading at $0.0816, reflecting a 13% increase for the day.
Clever Robot News Desk 18th July 2024
