A closely followed analyst thinks Solana (SOL) may be repeating a pattern witnessed three years ago before the smart contract platform surged to its all-time high.

Pseudonymous analyst Inmortal tells his 214,700 followers on the social media platform X that Solana appears to be printing a series of bullish higher-low setups on the two-day chart after briefly soaring above $200 earlier this year.

According to the analyst, SOL flashed the same pattern in Q2 to Q3 of 2021, just before Solana ignited a parabolic surge from $24 to its all-time high of $259, an over 979% increase.

“Time is a flat circle.

SOL.”

Source: Inmortal/X

Looking at the trader’s chart, he seems to predict that SOL will rally toward a fresh record-high at around $500. At 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 surge above $0.03 after recovering $0.016 as support.

“Shopping day.

BEAM.”

Source: Inmortal/X

At time of writing, BEAM Is trading at $0.0175.

Turning to the native asset of the real world assets (RWA) protocol TokenFi (TOKEN), the analyst thinks that the altcoin is currently flashing a bullish setup after reclaiming support at $0.08.

“If they approve ETH ETF this week, tokenization/RWA plays should fly, in my opinion.

TOKEN is one of my favorites.

> Price back above key level
> Deviation setup
> Leading the sector.”

Source: Inmortal/X

At time of writing, TOKEN is worth $0.0816, up over 13% on the day.

Generated Image: Midjourney