According to BlockBeats, on January 2, top trader Eugene Ng Ah Sio shared insights on the current trends in the cryptocurrency market. He noted that many tokens, excluding AI-related ones, are displaying a pattern characterized by a 30-40% pullback from their peak, followed by solid consolidation and support found on the daily trend line. These tokens are beginning to rise again.
Ng Ah Sio emphasized the importance of identifying projects that can sustain upward momentum through fundamental catalysts or improvements. He advised holding these projects with strong conviction.