Solana ($SOL) is showing resilience in a volatile crypto market, trading around $133 as of April 18, 2025. After a 13-month low near $95, SOL has climbed 36%, driven by institutional interest and network activity. The launch of Canada’s first spot Solana ETF and a 30% surge in deposits on Sanctum signal growing adoption. However, technicals suggest caution: SOL faces resistance at $140, with bearish divergence on lower time frames. On-chain data from Glassnode indicates strong support at $130, but macroeconomic pressures and FTX repayments could cap gains. Traders await a breakout above $160 for bullish confirmation.
