#SolanaSurge Solana (SOL) has surged significantly, with its price climbing

- *Launch of Solana ETFs in Canada*: The introduction of spot Solana ETFs in Canada has boosted demand and liquidity, providing traditional investors with regulated exposure to SOL.

- *Growth in Solana Network Deposits*: Solana's network activity has increased, with a 30% rise in deposits on Sanctum, a liquid staking application, and 15% growth on Jito and Jupiter.

- *Institutional Adoption*: Companies like Janover, a real estate fintech firm, have doubled their Solana holdings, reflecting confidence in Solana's long-term value.

Additionally, Solana's technicals indicate a potential target of $200, representing a 50% increase from the current price. However, to sustain the recovery, SOL needs to hold above the 50-day simple moving average of $130 and overcome resistance between $160 and $180