$SOL **Solana (SOL) Next Move Analysis**

As of mid-April 2025, SOL trades near **$130–$132**, with technicals and fundamentals shaping its trajectory:

**Key Levels & Technicals**

- **Immediate Resistance**: $135–$137 (50-day EMA at $136.25)[4]. A breakout here could target **$145–$150**[4].

- **Support**: $120–$124 (critical floor)[5], with $116 as a last defense[4].

- **Momentum**: RSI above 50 signals bullish sentiment, but EMAs (100-day at $154.69, 200-day at $165.20) loom as major hurdles[4].

**Catalysts**

- **ETF Impact**: Canada’s pioneering Solana ETFs (launched April 16) may boost institutional demand[^previous knowledge].

- **Staking Yields**: ETFs’ staking mechanisms could attract yield-focused investors[^previous knowledge].

- **FTX Repayments**: $800M repayments starting May 30 risk short-term sell pressure[7].

**Expert Predictions**

- **Short-Term**: Neutral-bullish, with April targets at **$145–$150** if $137 breaks[4].

- **2025 Outlook**: Ranges from **$124–$515** (average **$515**)[5], driven by network upgrades and ETF approvals[5][8].

- **Bear Case**: Failure to hold $120 risks a drop to **$110–$116**[4][7].

**Next Move Likelihood**

- **Bullish Scenario** (60%): Break above $137 triggers a rally toward $150, aligning with Canada’s ETF momentum.

- **Bearish Scenario** (40): FTX-linked sell-offs or rejection at $135 could retest $120 support[7][4].