Eugene Ng Ah Sio, a trader, said in a social media post: "If this is really the start of a sustained rally, I can't imagine SOL going below $150 for a long time. We have been tested and stable many times at the $120 iron support zone, and another competing L1 chain is up more than 2x when SOL is low. For me, this is the last confirmation that we are about to have a bull market."