April 2025 emerged as a notable month for Solana, showcasing significant price growth amidst positive technical signals and an increase in institutional interest.
Bullish Formation on SOL Chart
In mid-April, SOL charts displayed signals of a bullish trend. A falling wedge formation, combined with the classic cup and handle indicator, triggered a price surge for Solana.
Price Support at $130
According to data from analytics firm Glassnode, the level of $129.79 became a point of greater transaction volume with SOL. This may serve as support for prices in future markets.
Institutional Interest in Solana
Recently, Janover made investments into Solana, purchasing SOL worth approximately $20 million and receiving support worth half a billion dollars for managing stakes on Solana.
The outcomes of April 2025 indicate a strong recovery for Solana, which could precede further growth of this cryptocurrency and increased institutional adoption.
