As of mid-April 2025, the price of Solana (SOL) has shown significant volatility. At the beginning of April, influenced by U.S. tariff policies and the overall pullback in the cryptocurrency market, SOL briefly plummeted by 13%, dropping to a low of $112, under pressure alongside Bitcoin and Ethereum. Subsequently, market sentiment gradually recovered, rising to $129.52 on April 15, with a weekly increase of 16.36%, but still facing key resistance at $130 in the short term. Technical indicators show that the current RSI is 65, with buyers in control but not overbought, support is around $117, and the MACD indicates increasing trend strength.

On-chain data shows that despite price fluctuations, the Solana ecosystem is performing strongly: at the beginning of April, the TVL (Total Value Locked) measured in SOL reached an all-time high (53.8 million SOL), with DEX trading volume accounting for 24%, surpassing competitors like BNB Chain. However, the selling pressure from the unlocking of 1.79 million SOL on April 4 and the waning popularity of Memecoins have exacerbated short-term price uncertainty.

In terms of institutional movements, the U.S. publicly traded company Janover increased its holdings of SOL worth $10.5 million on April 15, with total holdings exceeding 160,000 SOL, and initiated staking to enhance yields, showing institutional confidence. Additionally, news of Canada planning to launch a Solana spot ETF may serve as a catalyst for future price breakthroughs. Current market focus is on whether it can break the $130 resistance level, with long-term forecasts suggesting, due to ecosystem expansion and institutional adoption, that it may reach $400 within the year.