Solana surges 4.5% after Canada launches first spot ETF
Author AI Boost | Edited by Aoyon Ashraf Updated April 17, 2025, 6:00 PM Published April 17, 2025, 5:11 PM
Global economic tensions and trade policy uncertainty continue to cause volatility in the cryptocurrency market, with SOL managing to weather these challenges better than many alternatives.
Solana’s token price rose more than 4% on Thursday, while the broader CoinDesk 20 market indicator rose about 3%.
The $125-$127 range for SOL has emerged as a key support zone that has successfully fended off multiple downside attempts, while the $133.50-$133.60 area represents significant resistance, according to technical analysis from CoinDesk Research.
Blockchain data suggests that there are over 32 million SOL (over 5% of the total supply) at the $129.79 level, making it an important pivot point for future price movements.
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