$SOL Solana (SOL) has shown notable resilience in April 2025, recovering from a mid-month low of approximately $116 to trade around $147.78 as of April 30 . This upward movement is supported by strong technical indicators, with SOL breaking above its 50-day EMA and approaching the 100 EMA, suggesting potential for further gains .
Institutional interest has also bolstered Solana's momentum. ARK Invest's recent $5.2 million investment in a Solana ETF underscores growing confidence in the asset . Additionally, the network's achievement of 400 billion transactions highlights its scalability and adoption .
However, challenges remain. The impending $800 million FTX estate repayment, with a significant portion in SOL, could introduce selling pressure
