- Solana surges 6.37% in a day, trading at $133.18, with strong weekly momentum up 15.77%.
- Analysts warn of critical support near $120; a breakdown could signal a deeper correction.
- Launch of SOLQ, the world’s first Solana Staking ETF, marks a major step in mainstream crypto adoption.
Solana (SOL) is currently trading at $133.18, a 6.37% rise in the last 24 hours and a 15.77% gain over the past week. With its 24-hour trading volume soaring to $4.59 billion, up 35.64%, market participants are closely watching as Solana navigates a critical technical landscape.
Sellers have successfully guarded the 50-day simple moving average (SMA) at $130, attempting to drag the price below the $120 mark. A flat 20-day exponential moving average (EMA) and a relative strength index (RSI) near 50 suggest a balance between buyers and sellers.
If the price remains above the $120–$110 support level, a rally may drive SOL to the $153 mark. On the other hand, a drop below $110 may confirm the dominance of bears, leading to a price drop to $95.
Short-term traders observe a worrisome structure: after taking liquidity at the range highs, SOL now oscillates just below the value area high. Failing to quickly reclaim above that level, the coin can plunge into a range rotation, with the target levels around $120.
Solana Staking ETF (SOLQ) Launches on TSX
Meanwhile, 3iQ Corp launched the world’s first Solana Staking ETF (SOLQ) on the Toronto Stock Exchange (TSX) in 2025.
Backed by a $50 million lead investment from SkyBridge Capital and spearheaded by digital asset manager 3iQ, this fund offers investors a regulated, cost-efficient pathway to Solana exposure, without the complexities of wallet management or staking infrastructure.
SOLQ has a 0% management fee in its inaugural year, making it one of the most price-competitive crypto ETFs in the market right now. Staking rewards are also available to the investor, converting passive holdings of SOL to assets that generate yield. 3iQ’s chief executive, Pascal St-Jean, describes SOLQ as an expression of the firm’s mission to connect digital assets to institutional-quality products designed to benefit long-term savers.
SOL Price Predictions with Potential ROI
Looking ahead, Changelly’s April prediction sets Solana’s price at $124.07 to $136.98, with an average of $130.53. Larger 2025 outlooks project a range of $128.85 to $134.63, presenting a 7.2% to 9.1% potential return on investment (ROI).
As activity in the blockchain increases and Solana continues to establish real-world use in payment and NFT applications, the arrival of SOLQ indicates growing demand for low-cost, risk-managed exposure.
The ETF could prove instrumental in driving broader institutional interest, especially among those seeking yield from staking without direct crypto custody.
