According to BlockBeats, on September 20, top trader Eugene Ng Ah Sio posted on social media, “If this is really the beginning of a sustained rebound, I can’t imagine SOL staying below $150 for a long time.

We have the iron support zone of $120 which has been tested multiple times and held steady, with another competing L1 chain rising more than 2x while SOL was at lows.

To me, this is the final confirmation that we are about to enter a bull market.”