On April 18, 2025, the price of Solana ($SOL ) increased by 6.47% in the last 24 hours, trading in the range of $133.90. This increase was driven by several key factors that improved market sentiment towards SOL.

1. Launch of Solana ETF in Canada: The launch of the world's first spot Solana ETF on the Toronto Stock Exchange triggered a price surge of 7% on April 17, 2025. This move indicates a growing institutional interest in Solana and strengthens its position in the global crypto market.

2. Accumulation Activity by Major Investors: Despite concerns regarding the release of tokens by FTX, some major investors and institutions showed a high interest in SOL. If they absorb the supply released from FTX, selling pressure could be more manageable.

3. Positive Technical Indicators: Indicators such as the Sharpe Ratio rising to 1.32 and positive Chaikin Money Flow (CMF) indicate strong buying pressure, opening up opportunities for SOL to test the next resistance level at $171.42.