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

Odaily News Trader Eugene Ng Ah Sio analyzed the current market situation on social media as follows: 1. Speculative long positions in October have been largely wiped out. 2. I believe most people intend to avoid risk in the election about a week after November 5. This catalyst just moved 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 craze. 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 buy point. Now that the positioning is clear and the price has risen sharply, we think we can continue the upward trend after the election.