Eugene: Re-accumulate SOL, possibly up to $160 or even $200

BlockBeats News, January 8th, trader Eugene Ng Ah Sio posted on his personal channel, stating, "Rebuilding my position in SOL. During this rebound, I have been looking for an asset worth focusing on, and so far, SOL has shown the strongest relative strength among the top three mainstream coins.

From a technical analysis perspective, SOL also presents one of the cleanest trading patterns, with the potential to make a swing up to $160 or even $200. This is based on the condition that this trend can continue, and there is a chance for Bitcoin to move towards $100,000 in the future.

My experience tells me that price often leads, with logic and narrative following afterward. At this stage, I actually find SOL to be "counter-consensus"—it's hard for people in the market to find sufficient reasons to go long, which usually marks the best entry point. By the time all the reasons are laid out on the table, the market has often already moved 50%.

Now I just hope that Bitcoin can hold at $90,000; this retracement is just the first shakeout before the rise, followed by a new uptrend."