The Solana (SOL) cryptocurrency experienced a significant rise in April 2025, with its price increasing by more than 35% over the past ten days, recovering from a low of $97.18 to around $132.

This surge accelerated following the launch of the first spot exchange-traded fund (ETF) dedicated to Solana on the Toronto Stock Exchange, leading to a 7% increase.

This upward momentum is supported by strong technical indicators and a noticeable increase in trading activity, as 71.87% of leveraged positions are long positions, indicating optimism among traders.

The trading volume of Solana contracts also rose by 32%, surpassing $10 billion.

In terms of market capitalization, Solana briefly surpassed Binance Coin (BNB), reaching nearly $42 billion, ahead of Binance, which stood at $41.9 billion, but later fell back behind after BNB's market value rose to $104 billion, while Solana reached $95 billion.

Analysts expect Solana to face resistance between the $160 and $180 levels in the short term, while long-term forecasts suggest it could reach between $220 and $1000 by the end of 2025.

Currently, Solana is trading at around $133.95, an increase of 1.36% from the previous close.