#SolanaSurge Reasons for the Recent Rise of Solana

1. Launch of the First Instant ETF Funds for Solana in Canada:

Canada has approved the first instant ETF fund for Solana, giving investors the opportunity to own Solana directly with staking profits of 6–8% annually. This has attracted significant interest from institutions.

2. Massive Inflow of Funds to the Solana Network:

In the past month, over $120 million has entered the Solana network, with a rise in staking deposits of 2 million SOL (approximately $270 million).

3. Positive Technical Indicators:

Chart analysis shows the formation of a technical pattern known as "inverse head and shoulders," indicating a potential price increase of 40% to reach $190.

Current Price:

Approximately $134.4 for Solana.

Conclusion:

Solana is experiencing a strong surge thanks to ETF news, increased confidence in the network, and positive technical indicators. However, as usual, caution is required as the market is volatile.