Is $SOL brewing the next round of explosion? Key support becomes the dividing line between bulls and bears!

In the past 48 hours, Solana surged from $95.26 to $121, completing a nearly 30% rebound, followed by a slight cooldown, and is currently stabilizing around $114.

The focus for bulls and bears is locked on the $112 support level.

Current trends show clear signals of strong accumulation, especially since the recent short-term pullback did not break the crucial $112 level, indicating that buying pressure remains solid. Once this support holds, it could become a 'springboard' for the next push towards $130 or even the previous highs.

On-chain data supports a continued influx of capital.

Daily active addresses increased by over 15%.

Net inflow of stablecoins on-chain has doubled.

SOL is not only a representative of high-performance public chains but also the preferred migration destination for those affected by high gas fees on Ethereum. Especially amid the resurgence of on-chain applications (NFTs, DePIN, GameFi), SOL exhibits structural advantages.

If the $112 support is lost, it may test the $106-$108 range in the short term to find the next layer of support.