Last updated April 19, 2025
Solana, outstanding cryptocurrency, increased this week by 4.5%, exceeding the efficiency of other digital assets. According to market data, this increase coincides with the introduction by Canada first place in the Solana Exchange Funding (ETFS) Stock Exchange, which means significant development on the cryptocurrency market in North America.
The launch of these ETFs by leading Canadian companies, such as 3IQ, goal, Evolve and the CI on April 16, increased institutional interest in Solanie, positioning Canada as a leader in this sector. This initiative reflects the growing influence of Canada on the global cryptocurrency ecosystem, especially in the field of decentralized exchanges (DEX), in which Solana has recently overtook Ethereum, 16% growth within seven days.
Market analysis indicates that Solana has found solid support in the price range of USD 125–120, showing resistance to inheritance pressure among global economic uncertainty and changing trade policy. The total value blocked in Solana increased by 12% to 7.08 billion dollars, with significant accumulation observed during the afternoon height of April 16, in which over 3 million pieces were traded when the price broke the resistance level of USD 130.
However, the cryptocurrency experienced variability in the last commercial hours, and the Solana price has dropped from USD 134.11 to USD 130.81, which is a PLN 2.5%decrease. The sale intensified between 14: 03-14: 07, and the volume of trading reached over 92,000 in one minute. The range from USD 133.50 to USD 133.60 was a significant barrier, rejecting many recovery attempts, and a failure at the support level of USD 132.00 led to cascading liquidation. Despite this, the price increased beyond the level of 78.6% fibonacci. Analysts suggest that further bear’s rush could see Solana visiting the support zone worth USD 125-12.
