🔥 Can SOL leverage 10 million new investors to soar? 🔥

💥 Active on-chain: Solana records ~10.2 million new wallets, indicating that the ecosystem is still expanding, with retail money continuing to participate. This is often a supportive factor for prices during a correction.

⭐️ Short-term resistance: The Solana spot ETF recorded negative cash flow for the first time (-2.2 million USD) after nearly 2 weeks, reflecting cautious sentiment from institutional capital.

👑Technical: SOL is holding support at 115 USD, within a descending wedge pattern (upward tendency).

✨ Bull case: Break above 123 USD → target 132 – 136 USD

✨ Bear case: Drop below 115 USD → may retreat to 110 USD, upward trend invalidated

🛡 Conclusion: The influx of new users is a positive foundation, but to create a clear upward momentum, SOL needs cash flow returning to the ETF and a decisive break above 123 USD. Currently, it remains in an accumulation phase – waiting for confirmation.