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Trader Eugene: SOL is expected to break through the three-month consolidation range first, with a target of $120.
ME News Report, May 11 (UTC+8), trader Eugene posted on his personal channel that SOL is currently showing relatively strong performance among mainstream cryptocurrencies, performing more steadily than ETH and HYPE, and is seen as the most likely to break out of the three-month consolidation range first. Analysis indicates that if SOL effectively breaks through the key resistance level of $96, the next target range could be around $120, with a potential upside of about 25%. At the same time, he also believes that as long as BTC does not fall below $80, market risk appetite is still expected to be maintained, and funds can be allocated in advance for breakout opportunities. (Source: ChainCatcher)