#SolanaSurge

Indicates a potential rise in the price of Solana (SOL) due to the launch of the Solana Exchange-Traded Fund (ETF) in Canada.

- *Impact of the ETF Launch*: The launch of the ETF led to a 7% increase in the price of Solana, targeting a level of $135. This rise is attributed to increased demand for Solana from institutional investors.

- *Technical Forecasts*: Technical forecasts suggest that Solana could reach $190, which is nearly a 40% increase from the current price, due to the formation of a bearish reversal pattern on the chart.

- *Reasons for the Rise*: The rise is attributed to ¹ ²:

- Increased demand for Solana from institutional investors due to the launch of the ETF.

- Technical improvements on the Solana platform, such as Coinbase's upgrade to its system for faster transaction processing.

- A decrease in the circulating supply of Solana due to increased locked deposits.