Solana (SOL) has seen a significant increase in April 2025, with its price rising from around $96 to over $134, representing a major recovery after previous declines.

Reasons for this increase:

The launch of the first spot ETF funds for Solana in Canada (the first of its kind in North America), which increased interest from financial institutions and boosted market confidence.

Current price of Solana (April 18, 2025):

Around $134.20

It is moving during the day between $132.32 and $135.82

Forecasts and analyses:

If Solana maintains support above the $130 level, it could reach resistances between $160 and $180 in the near term.

However, if support breaks between $125 and $127, it may see another decline.

Market confidence:

An increase in trading volume and long positions indicates growing confidence from investors.

The fear and greed index indicates "fear" at a level of 33, reflecting general caution in the market.

Conclusion: Although Solana's recent performance is encouraging, investors should remain cautious due to market volatility and the potential for a pullback if key support levels are broken.