ChainCatcher news, trader Eugene Ng Ah Sio posted on social media saying: "If this really is the start of a sustained rebound, I can't imagine SOL staying below $150 for long.
We've tested and held steady at the iron support area of $120 multiple times, another competing L1 chain has risen more than twice when SOL was low.
For me, this is the final confirmation signal that we are about to enter a bull market."