$SOL Solana has shown impressive performance in April 2025, with its price rising over 20% in the past week, currently trading above $130. This growth is driven by several key developments within its ecosystem and the broader market.

A major contributor to Solana’s momentum is the significant inflow of liquidity from other blockchains, including Ethereum and Arbitrum. More than $120 million has migrated to Solana, signaling strong investor confidence and growing adoption.

Additionally, the recent launch of Canada’s first Solana spot ETF has amplified institutional interest. This move is seen as a pivotal step in increasing exposure and mainstream acceptance of Solana.

From a technical standpoint, the token has been consolidating between $120 and $130. Analysts are watching the $143 resistance level closely, with a breakout above that potentially leading to a push toward the $160–$180 range.

Solana also continues to strengthen its position in decentralized finance. It has absorbed over 60% of Ethereum’s recent outflows to alternative networks, underlining its growing importance in the DeFi space.

With favorable technical signals and increasing institutional support, Solana is well-positioned for continued growth in the coming months.