Svmuu News: Trader Eugene posted that due to the failure of Bitcoin's price trend to sustain its strength, he has stopped out of his previously long SOL trade and stated that he will step aside for a period of time.
Previously, Eugene had indicated that among major assets, SOL demonstrated stronger relative strength compared to ETH and HYPE, and he believed it was the most likely to break out of the three-month consolidation range first. He pointed out at the time that if SOL effectively breaks above $96, the next key resistance level will be around $120, corresponding to an upside potential of approximately 25%.