The post SOL Price Toward $300 Next? Solana ETF Approval Chances Near 100%. appeared on BitcoinEthereumNews.com.

Key takeaways: Spot Solana ETF approval odds jump to 99.7% on Polymarket. A SOL price bull flag is in play on the daily chart, targeting $300. Solana’s (SOL) price printed a bull flag pattern on the daily chart, a technical chart formation associated with strong bullish momentum following an upward breakout. Could this technical setup, coupled with the likely approval of a spot Solana ETF in 2025, signal the start of a rally to new all-time highs?  SOL price bull flag targets $300 SOL price technicals show it could gain momentum if it breaks out of a bull flag pattern on the daily candle chart.  A bull flag pattern is a bullish setup that forms after the price consolidates inside a down-sloping range following a sharp price rise. Bull flags typically resolve after the price breaks above the upper trendline and rises by as much as the previous uptrend’s height. This puts the upper target for SOL price at $303, or a 100% increase from current prices. SOL/USD daily chart. Source: Cointelegraph/TradingView The daily RSI is moving above the midline, rising to 53 on Wednesday from near-oversold conditions at 31 on June 22, indicating increasing bullish momentum. Related: SOL futures funding rate turns negative: Is $180 the next stop? To ensure a sustained recovery, the SOL/USD pair must first overcome the resistance between $155 and $165, which are also the 50-day and 200-day simple moving averages. Several analysts argue that SOL’s growth to $300 is inevitable, citing increasing network flows, rising spot Solana ETF approval odds, and bullish onchain metrics.  “Solana’s inevitability continues to grow as fund inflows from other chains are growing every week and month,” said crypto analyst CryptoBits in a Wednesday post on X, adding: “My targets are sitting at $200, $300 and then uncharted territory at $500.”…

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Filed under: News - @ July 9, 2025 10:29 pm