$SOL #CanadaSOLETFLaunch

Solana (SOL) Update – April 17, 2025

Price & Market Position

Current Price: $131.48–$132.13 (24h +4.10%)

Market Cap: $68.26B | Rank: #5

Off ATH: Down 55% from $295.90

Recent Surge: +36% from recent lows, driven by DEX and DeFi growth

Technical Outlook

Short-Term Target: $147.97 by May 16

50-day SMA: $132.33 | RSI: 51.5 (Neutral)

Bullish Signal: Weekly engulfing pattern, targets at $160–$300 if resistance breaks

Network & Ecosystem

DEX Volume: $15.8B (surpassing Ethereum)

TVL: $6.9B | Active Addresses: +8%

Key Projects: Jupiter, Magic Eden, Pyth Network

Catalysts & Risks

ETF Buzz: Potential Solana spot ETF in 2025

Macro Tailwinds: Bitcoin above $84K, regulatory ease

Caution: Fear & Greed Index at 29 (Fear), market still volatile

Long-Term Outlook

Mid-2025 Target: $200–$300+

2030 Potential: $1,000+ with sustained growth and adoption

Summary

Solana is showing strong momentum with rising DEX dominance and bullish technicals. While short-term risks remain, ETF potential and ecosystem strength make it a top altcoin to watch.

More Info: CoinGecko #solana