Market analysis shows BTC and SOL have upward potential
Source: CoinWorld
Time: 2025-09-08 16:41:41
Trader Eugene Ng Ah Sio shared his insights on his personal channel, pointing out that market dynamics have changed since the last update. He observed that contrary to his expectations of a downturn in the market, the market naturally formed a local bottom in the past two weeks. Bitcoin (BTC) remained at $110,000, while Solana (SOL) hit a higher low at $200 support.
Ng Ah Sio said the chart shows that the current uptrend is more likely than the downtrend, although he remains skeptical about the possibility of a new high. Despite his reservations, he decided to reinvest SOL as he recognized its status as a mainstream cryptocurrency and its strong momentum.