Time
14:55
Trader Eugene: SOL may break out of its three-month consolidation range first, targeting $120.
May 11, 2026
CoinFeed News
CoinFeed reported on May 11th that trader "Dove" Eugene stated on his personal channel that SOL is currently showing relative strength among mainstream crypto assets, exhibiting more stable performance compared to ETH and HYPE, and is considered the most likely mainstream token to break out of its three-month consolidation range first. The analysis indicates that if SOL effectively breaks through the key resistance level of $96, the next target range may be around $120, with a potential upside of approximately 25%. He also believes that as long as BTC does not fall below $80,000, market risk appetite is likely to remain, and funds can be positioned in advance for a breakout.