Solana's price has surged 4.5% to $134.60 following the launch of North America's first spot Solana ETFs in Canada, attracting institutional interest. The price performance contrasts with the broader crypto market, as SOL rose over 4%, while the CoinDesk 20 increased by about 3%. Key support for SOL is established between $125-$127, successfully rebuffing several declines, while the $133.50-$133.60 range poses significant resistance. Over 32 million SOL has accumulated at $129.79, indicating a critical pivot point. Despite ongoing global economic tensions, Solana has regained dominant DEX activity, outpacing Ethereum with a weekly gain of 16%. Trading volumes peaked post-launch, and recent technical analysis indicates strong momentum, with the recent rally reclaiming the 61.8% Fibonacci retracement level. However, a sell-off saw prices dip significantly later in the trading session, leading to concerns about continued bearish momentum. Should it persist, SOL may retrace towards the support zone between $125 and $127.

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