Solana is currently trading at $127.40, down by a minor 1.95%. The coin is moving with high activity, with a volume of $3.34B in the last 24 hours, an increase of 3.09%. Although recent performance is down, seven-day performance continues on an uptrending trajectory with an 18.85% rise from last week.
Crypto experts are expecting Solana to consolidate in the short term in the range of $120 to $130. The coin’s Relative Strength Index (RSI) is at 42.5, which is coming close to oversold levels, which means that there is likely to be a rebound. The MACD value of -2.3 reflects bearish momentum with supports coming in at $120, $110, and $90. The price might resist at $130, $145, and its former all-time high (ATH) of $160.
Looking at Solana’s performance over the last 12 months, the coin has seen a significant uptrend from $85 to its ATH of $160 in December 2024. As for the long-term outlook, Solana’s strong ecosystem growth, especially in decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming, positions it for potential gains if current trends persist.
Expected ROI for Solana in April 2025: 6.4%
Changelly predictors have projected Solana’s price in April of 2025. The minimum price will be at $129.41, with the price ceiling at $142.79, with an average price of approximately $136.10. That would be a return on investment of 6.4%. For 2025, the price will range from $128.66 to $137.47, with an average of about $146.27, providing a return on investment of 2.5%.
3iQ launches Solana staking ETF on TSX
In another important development, Canadian asset manager 3iQ brought to market the first-ever Solana staking ETF, which listed on the Toronto Stock Exchange. The new ETF, which lists with ticker symbol SOLQ, provides exposure to Solana’s Proof-of-Stake rewards without requiring investors to build out their own staking infrastructure.
Teaming up with Figment, a leader in the Solana ecosystem, 3iQ offers staking solutions of institutional quality to individual and institutional investors. This action positions Canada in the lead in bridging blockchain technologies with mainstream finance.
Moreover, with regulatory approvals, the SOLQ ETF represents a watershed moment in the mainstream adoption of blockchain-backed investment products. The launch makes Solana highly competitive in the fast-growing market for digital asset investment, which can bring in fresh investments from both individuals as well as institutional investors.
