Chinese Crypto Trader Shares Altcoin with the “Cleanest” Technical Outlook!

Crypto trader Eugene Ng Ah Sio has offered a noteworthy assessment of Solana ($SOL), the native token of the Solana ecosystem. According to Eugene, $SOL is one of the major crypto assets closest to breaking out of the horizontal consolidation process that has lasted for the past three months.

In a post on his personal channel, the analyst stated that $SOL has the “cleanest” technical outlook among major cryptocurrencies. Eugene noted that $SOL exhibits a stronger relative performance compared to Ethereum and Hyperliquid, and he believes it could be the first major asset to break its current three-month trading range.

According to the analyst, if the $SOL price strongly surpasses the $96 level, the next major resistance zone is at $120. If this scenario occurs, it is estimated that there could be an additional upside potential of approximately 25% from current levels.

Eugene also stated that he would continue to hold positions and had already allocated his portfolio in advance, aiming to profit from a potential upward breakout in the market if Bitcoin did not fall below the $80,000 level.

*This is not investment advice.