Key Takeaways:
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Spot Solana ETF The odds of approval jump at 99.7% in the polymarket.
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A Sol Price flag plays on the sunny chart, targeting $ 300.
Solana’s (Sol) The price is printed by a bull flag pattern on the sun -day chart, a technical chart forming associated with the strong bullish momentum following an upward breakout.
Can this technical setup, in conjunction with the likely approval of a Solana ETF area in 2025, signal the start of a rally to new all-time highs?
SOL BULL FLAG SOL PRICE TARGE $ 300
Sol technical prices show that it can get momentum if it breaks from a bull flag pattern in the day -to -day candle chart.
A Bull flag The pattern is a bullish setup that forms after the price combined within a down-sloping range following a sharp price increase.
Toro flags are usually resolved after the price breaks above the upper trend and increases as much as the height of the previous uptrend. It puts the upper target for the SOL price to $ 303, or an increase of 100% from current prices.
The sun -day RSI was moving above the midline, rising to 53 on Wednesday from nearby oversold conditions on 31 on June 22, indicating a bullish momentum increase.
Related: Sol Futures funding rate has been negative: Is $ 180 to the next stop?
To ensure a prolonged recovery, Sol/USD must first be overcome resistance between $ 155 and $ 165which is also the 50-day and 200-day simple moving averages.
Many analysts have already argued that Sol’s growth at $ 300 Inevitably, the network flow increases, The increasing area of approval of Solana ETFand bullish Onchain scale.
“The inevitable Solana continues to grow as funds from other chains grow every week and months,” Says Crypto analyst cryptobits in a post of July 9 on X, adding:
“My targets are sitting at $ 200, $ 300 and then unspecified territory at $ 500.”
A recent X review by popular market analyst Alek Carter suggests The powerful basis and the Sol of this multimonth downtrend put it on a path to $ 300.
$ Sol Looking for the best chart I’ve ever seen.
Sol is also starting in the beginning and it only broke the downtrend and the cause was a very large utility.
And every action points us toward just one thing.
Sol Pump will come and the targets will be 280 $ -300 $.
What are your purchase plans … pic.twitter.com/vyzuqzjeb4
– Alek (@alek_carter) June 30, 2025
Solana ETF approved jumps at 99.7%
The possibility of US Securities and Exchange Commission to approve a Spot solana exchange-traded fund (ETF) in 2025 jumped at 99.7% on July 2, according to Polymarket Data.
The odds are currently standing at 99% at the time of writing on Wednesday, which signed the investor’s confidence in Solana’s future in the traditional financial market.
Multiple Applications of Solana ETF from giant asset management such as Vaneck, Grayscale21shares, bitwise and Canary Capital The signal of stable demand for Sol’s regulated investment vehicles.
Bloomberg Senior Etf Analyst James Seyffart Says He expects a “wave of new ETFs in the second half of 2025,” putting the odds of approval of Solana ETF at 95%.
Here is mine and @Ericbalchunas‘The latest odds in the Crypto ETF spot approved by the end of 2025. We look forward to a wave of new ETFs in the second half of 2025. pic.twitter.com/h3pxjhqmy3
– James Seyffart (@jseyff) June 30, 2025
Although the SEC has delayed its decision In Fidelity Investments’ Spot Solana Application, Seyffart Says that the delay is expected and that the “interaction between the SEC and the gives must be viewed positively.”
Approval of Spot Solana ETF can unlock institutional capital, strengthen demand for Sol and potentially higher driving priceswith some analysts Predicting targets as high as $ 1,300.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
