According to BlockBeats, trader Eugene Ng Ah Sio shared insights on his personal channel, noting a shift in market dynamics since his last update. He observed that, contrary to his expectations of a market downturn, a local bottom has naturally formed over the past two weeks. Bitcoin (BTC) has maintained its position at $110,000, while Solana (SOL) has established a higher low with support at $200.
Ng Ah Sio remarked that the charts now suggest a greater likelihood of an upward trend rather than a decline, although he remains skeptical about the potential to reach new highs. Despite his reservations, he has decided to reinvest in SOL, recognizing its status as a major cryptocurrency with strong momentum.
