Top trader Eugene: The market will continue to rise after the election, optimistic about Solana

BlockBeats news, on October 27, top trader Eugene Ng Ah Sio analyzed the current market situation on social media as follows:

1. Speculative long positions in October have been basically wiped out.

2. I believe that most people intend to avoid risks in the election about a week after November 5. This catalyst just brought the time forward by a few days (which is why I was on the defensive a few days ago.)

3. Considering everything that is happening on Solana today, SOL is undoubtedly the clear asset choice since the AI memecoins boom.

4. From a technical analysis perspective, SOL retested the 6-month resistance level and turned it into support after showing extreme relative strength, which is a buying point.

"Now that the positioning is clear and the price has risen sharply, we think we can continue the upward trend after the election."