🟢 Solana Weekly Market Recap
📈 Price Overview
As of April 19, 2025, Solana (SOL) is trading at approximately $139.50, reflecting a 3.58% increase amid market consolidation. This marks a significant recovery from last week’s low of $95.26, representing a 36% surge .  
Analysts suggest that SOL could potentially reach $200 before experiencing a major correction, indicating a short-term bullish trend . 
🔍 Technical Analysis
Recent price action shows SOL bouncing off critical support levels, with a notable reaction after sweeping trendline liquidity. If the price manages to break the current daily structure to the upside, it may signal the beginning of a new bullish leg . 
However, caution is advised as the market sentiment remains mixed, with a Fear & Greed Index score of 32, indicating fear . 
🏛️ Regulatory Developments
In a significant development, Canada launched the world’s first spot Solana ETF, boosting institutional interest and network activity. The ETF offers direct exposure to Solana along with attractive staking rewards, potentially increasing demand for SOL . 
📊 Market Outlook
Looking ahead, projections for April 2025 estimate that SOL could trade between $138.16 and $156.28, with an average expected value around $148.33 . Long-term forecasts suggest a potential rise to $520 by the end of 2025, contingent on favorable market conditions .
