Why SOL Could Be the Real Play Right Now—Sio's Contrarian Take

Crypto analyst Eugene Ng Ah Sio isn’t budging on his Solana conviction. According to recent updates, his position on SOL remains firm, with no intention to abandon the trade despite market noise. At $141.12, Solana is already making moves, but Sio’s technical framework suggests there’s more upside ahead—potentially reaching $160 to $200 if the current momentum persists.

The Technical Setup: Why SOL Stands Out

Among the major cryptocurrencies, Solana has demonstrated the strongest relative strength in this cycle. From a charting perspective, SOL offers one of the cleanest patterns Sio has identified, which is relatively rare in volatile markets. The reason? The pattern lacks the typical noise and false signals that plague most alt charts, making it a textbook setup for directional traders.

Sio’s thesis hinges on a simple but powerful observation: the best entry points often come when reasons to buy are hard to find. At this stage, retail and institutional players alike are struggling to construct a compelling bull case. But that’s precisely when contrarian positioning pays off. By the time everyone agrees on the narrative, the real move is already halfway done.

Bitcoin’s Role: The 90K Anchor

The broader market picture depends heavily on Bitcoin holding above $90,000. Sio views the current pullback as a necessary shakeout—the first test before a sustained upward trend resumes. With BTC trading at $91.77K, the support level remains intact. If Bitcoin can establish itself above $90K, it clears the path for SOL to run toward higher targets, potentially enabling Bitcoin itself to reach $100,000.

The Timing Question

Sio’s re-entry into SOL on January 8 signaled a shift from observation to conviction. His unchanged trading strategy as of January 12 reinforces that belief. The window for positioning ahead of a sustained rally may be narrower than many realize—but for those tracking the technicals like Sio, the setup still appears intact.