According to BlockBeats, on August 25, top trader Eugene Ng Ah Sio shared his insights on social media, predicting that the market will find new support levels in the coming days. He anticipates some consolidation and retesting of certain levels before quality altcoins begin to rise again. Ng's current watchlist includes SUI, SEI, ENA, ZRO, STX, IO, and CHR.
Ng explained that in the current environment, the term 'quality' is broadly defined. It essentially refers to assets with good catalysts, strong fundamentals, or clean price charts without any pending token unlocks, while also demonstrating historical relative strength. He mentioned that he is currently holding a substantial position but is waiting for the previously mentioned retest levels before increasing his holdings further.
