Solana's price has surged 40% over 10 days, hitting around $133 from a low of $95 on April 7. The price is up 8% in the last 24 hours, with daily trading volume rising by 41% to $4.64 billion. Key factors for this surge include the launch of the first spot Solana ETFs in Canada, increased deposits and network activity on the Solana platform, and growing institutional interest. Notably, real estate fintech firm Janover acquired a substantial amount of SOL, showcasing confidence in Solana’s potential. Moreover, the total value locked (TVL) on Solana has increased by 12% to $7.08 billion. Solana has also broken out of a bullish falling wedge pattern, targeting a potential price of $200. A decisive close above the 50-day SMA is essential for sustaining momentum and overcoming resistance levels between $160 and $180. Overall, these developments reflect heightened investor optimism and support SOL's recovery trajectory from previous lows.

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