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According to a recent social media post by prominent trader Eugene Ng Ah Sio, COINOTAG news reported on September 20 that this may signal the onset of a sustained rebound in the crypto market. Ng Ah Sio expressed confidence that SOL wouldn’t stay below $150 for much longer. He highlighted the multiple tests of the iron support area around $120, where stability was consistently maintained. Additionally, he pointed out that another competing Layer 1 chain experienced a significant surge, doubling in value when SOL was at its lowest. For Ng Ah Sio, this event serves as the final confirmation of an imminent bull market.
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