Solana Surges Amid Market Optimism and Institutional Backing
Solana (SOL) has experienced a remarkable surge, climbing nearly 40% in just ten days, rebounding from $97 to around $134 as of April 18, 2025. This bullish momentum is fueled by increased network activity, surging memecoin trading, and positive investor sentiment. Technical analysts highlight a potential 40% upside, with targets near $190, based on an inverse head and shoulders pattern. Additionally, the launch of Canada’s first spot Solana ETFs has attracted institutional interest, strengthening market confidence. Solana’s total value locked (TVL) has soared to $6.9 billion, placing it second among all blockchains. As DEX volumes surpass Ethereum’s layer-2 networks, Solana continues to solidify its position as a top contender in the crypto space.
