Solana Price Rises 4.5% Following Launch of First Spot ETFs in Canada

Global economic tensions are affecting the crypto market, with SOL performing relatively well. Key points include:

SOL price increased over 4% on Thursday, outperforming the CoinDesk 20 index, which rose around 3%.
The $125-$127 range is a critical support zone, while resistance is seen at $133.50-$133.60.
Over 32 million SOL (over 5% of total supply) accumulated at $129.79, marking it as an important pivot point.
Recent activity established a support zone between $125-127, with a recovery from the April 16 low of $123.64 to $135.57.
Canada launched the first spot Solana ETFs on April 16, increasing institutional interest.
SOL surpassed Ethereum in DEX activity with a 16% gain over seven days; TVL rose by 12% to $7.08 billion.
Volume analysis indicates strong accumulation during the April 16 afternoon surge, breaking the $130 resistance level.
A significant downward correction occurred, with SOL dropping from $134.11 to $130.81, a 2.5% decline.
Resistance around $133.50-$133.60 rejected several recovery attempts; a breakdown at $132.00 triggered liquidations.
Prices may continue toward the $125-127 support zone if bearish momentum continues.