Trader Eugene: Re-entering Long on SOL, with support at $200

By: theblockbeats.news|2026/03/28 15:23:08

BlockBeats News, September 8th, trader Eugene Ng Ah Sio stated on his personal channel, "Since my last post, I have been away from the screen most of the time. I originally expected the market to either oscillate from the high of the range or fall."

However, over the past two weeks, I was pleasantly surprised to see a naturally formed local bottom: BTC is still holding steady at $110,000, and SOL has also formed a higher low, with support at $200.

Setting aside previous biases, the chart seems to suggest that the likelihood of an upward movement is greater than a downward one, but I still remain skeptical about whether we can break through to a new high.

Considering SOL is still a major currency and has the strongest momentum, I am once again risking capital."

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

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