Bitcoin's recent rise has increased activity in the cryptocurrency market, driven by news about upcoming spot Ethereum ETFs. This has led to various speculations and analysis in the crypto community. In particular, a well-known analyst noted that a promising trend has been identified in Solana's (SOL) performance, reminiscent of the big gains three years ago.
Solana's Future: A Pattern to Follow
Famous crypto analyst Inmortal shared predictions about Solana's price movements on the social media platform X. After a significant decline earlier this year, Solana briefly managed to surpass $200 and form consecutive higher lows on its two-day charts. This pattern is similar to the period in 2021, when SOL rose from $ 24 to $ 259 and experienced an increase of more than 979%.
Inmortal also focused on Beam (BEAM), a gaming-focused crypto asset. The analyst presented a chart that suggests that if Beam maintains the $0.016 support level, it could surpass $0.03. Currently, BEAM's price has increased by 5.32% in the last 24 hours to $0.01801, which is in line with the analyst's predictions. Solana could reach a new high of $500 if it maintains the bullish momentum. Beam's price has the potential to surpass $0.03 if it maintains the critical support level.
TokenFI is also showing bullish trends, surpassing $0.08. These forecasts can offer a strategic advantage to investors who want to make well-informed decisions in a volatile market.
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I EXPLAIN IN DETAIL.
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