Analyst Inmortal predicts Solana could repeat its past bullish pattern, potentially rising to $500.
Possible ETF approvals and bullish technical patterns suggest significant future growth for Solana.
In a recent post on X, Pseudonymous analyst Inmortal said that Solana (SOL) might be forming a bullish pattern. The cryptocurrency surged past $200 and now forms higher-low patterns on the two-day chart. Earlier this year, Solana briefly soared above $200.
Inmortal noted that this behavior is similar to the one observed in the second and third quarters of 2021. In that period, Solana rose from $24 to its all-time high of $259, which is more than 979% growth.
Inmortal pointed out that market trends are cyclical and may be experiencing a repeat of the past. ”Time is a flat circle,” he said, noting that another major price spike could be on the horizon. According to the analyst’s chart, Solana may possibly surge to a new all-time high of $500. The positive outlook stems from past trends

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