#SolanaSurge

Solana $SOL

has seen a noticeable increase in April 2025, where its price rose from around $96 to over $134, representing a significant recovery after previous declines.

Reasons for this increase:

The launch of the first spot ETF funds for Solana in Canada (the first of its kind in North America), which increased interest from financial institutions and boosted market confidence.

Current price of Solana (April 18, 2025):

Approximately $134.20

It moves during the day between $132.32 and $135.82

Forecasts and analyses:

If Solana maintains support above the $130 level, it could reach resistances between $160 and $180 in the near term.

However, if it breaks support between $125 and $127, it may witness another decline.

Market confidence:

An increase in trading volume and long positions indicates growing confidence from investors.

The fear and greed index indicates "fear" at a level of 33, which shows general caution in the market.

Conclusion: Although Solana's recent performance is encouraging, investors should remain cautious due to market volatility and the possibility of a pullback if key support levels are broken.