According to Odaily Planet Daily, well-known trader Eugene Ng Ah Sio posted on the X platform that if this is the beginning of a sustained rebound, he can't imagine SOL staying below $150 for a long time.
He pointed out that SOL’s iron bottom support level of $120 has been tested many times and remained stable, and another competing L1 chain rose more than 2 times when SOL was at a low level.
He believes this is the final confirmation signal of an impending bull market.
