Technical indicators for Solana are predominantly bullish, featuring 12 'buy' signals, 8 'neutral', and only 5 'sell' signals, suggesting a positive outlook for the cryptocurrency.

On April 16, 2025, Canada launched spot Solana ETFs following regulatory approval, which is expected to create new investment opportunities and boost market activity.

This move comes amid a surge in institutional investment in Solana, highlighted by a notable $10.5 million purchase from investor Janover, indicating growing confidence in the asset.

Currently, Solana's price stands at approximately $133, with a market cap of $62.1 billion and a daily trading volume of $3.7 billion, reflecting strong institutional interest.

Additionally, the long/short ratio for Solana futures on Binance is 2.5, indicating a clear preference for long holdings despite recent price fluctuations.

As of today, 72% of Binance traders are taking long positions on Solana, further reflecting a bullish sentiment among investors.

Solana continues to demonstrate its capabilities by processing 100 million daily transactions through 500,000 active wallets, reinforcing its status as a leading layer 1 blockchain in the decentralized finance landscape.

The recent dismissal of charges against Helium by the SEC has alleviated compliance concerns, contributing to a favorable regulatory climate for Solana.

Moreover, the TD sequential indicator recommends a weekly buy for Solana, indicating strong rebound potential amidst a backdrop of over 1,000 projects and high transaction activity.

Key resistance levels for Solana are identified at $135.45 and $139.46, while support is seen near $125.58, emphasizing the importance of maintaining a price above $130.