$SOL

The hashtag #SolanaSurge is trending due to Solana's (SOL) impressive rally, with its price climbing over 36% from recent lows to approximately $180. This surge has captured the attention of both retail and institutional investors, signaling renewed confidence in the Solana ecosystem.

The approval of spot Solana ETFs in Canada has been a major factor, with firms like Purpose Investments and 3iQ offering these ETFs that include staking rewards, enhancing Solana’s institutional appeal. Additionally, Helium’s full integration with Solana is reshaping the telecommunications industry, providing faster and more secure connectivity.

Prediction markets are also showing strong bullish sentiment, with 96% of users predicting SOL would rise above $120 by April 18. Solana has seen significant liquidity inflows, over $120 million from competing blockchains, signaling renewed investor confidence.

Solana’s current price is around $180, with resistance levels around $135.50 and potential support at $128.00. While the momentum remains strong, short-term volatility could lead to minor corrections, but the long-term outlook for Solana remains optimistic with continued ecosystem expansion and adoption.