BlockBeats news, January 12, trader Eugene Ng Ah Sio posted on his personal channel stating, 'My trading plan remains unchanged, holding firmly and waiting for SOL to rise.'

Eugene previously said on the 8th, 'Re-accumulating SOL, during this rebound I've been looking for a key asset to actively participate in, and currently SOL shows the strongest relative strength among the three major cryptocurrencies. From a technical analysis perspective, SOL also presents one of the cleanest trading patterns, with potential to rally to $160 and even $200 in the short term, provided this market trend continues and Bitcoin has the potential to reach $100,000 in the future.

Believe that SOL is sufficiently 'contrarian'—it's hard for most people in the market to find solid reasons to go long right now, and that's often the best time to enter. By the time all the reasons are clearly laid out, the move may already be 50% complete. Right now, I just hope Bitcoin can hold at $90,000; this pullback is just the first washout before the next upward move.