SOL Price Bull Flag Targets $300 as Solana ETF Approval Odds Reach Nearly 100%
The Solana ETF approval odds have surged to 99.7%, sparking renewed optimism among traders and analysts. At the same time, the SOL price has formed a classic bull flag pattern on its daily chart. This technical setup often precedes explosive moves if the price breaks above resistance.
Currently trading around $154, SOL could rise to $303 if the pattern plays out fully. That would mark a 100% upside from current levels. Moreover, with ETF approval appearing increasingly likely, investor confidence is growing rapidly.
Technical Outlook: Bull Flag Points to Strong Momentum
A bull flag typically forms after a sharp rally, followed by a period of consolidation. In SOL’s case, this pattern suggests the recent uptrend may resume with force. Analysts note that a breakout above $165 could trigger a fast move toward $300.
Additionally, the daily RSI has moved into neutral territory, rising from 31 to 53 since June 22. This indicates strengthening buying pressure and improved market sentiment. Therefore, technical indicators are aligning for a possible bullish continuation.
ETF Momentum Builds as SEC Decision Nears
According to Polymarket data, the chance of Solana ETF approval before year-end now stands at nearly 99.7%. This reflects high expectations in the market. Bloomberg analyst James Seyffart estimates the odds at 95%, citing increased engagement between the SEC and major asset managers.
Several firms, including VanEck, Grayscale, and Bitwise, have already filed applications. Although the SEC delayed Fidelity’s decision, experts view this as part of the standard review process rather than a sign of rejection.
Analysts Turn Bullish on SOL’s Long-Term Prospects
CryptoBits, a popular market analyst, recently stated that “Solana’s inevitability continues to grow” due to rising inflows across its ecosystem. He set future targets at $200, $300, and potentially even $500.
Similarly, Alek Carter highlighted SOL snapping a long-term downtrend and showing stronger on-chain activity. As a result, many now believe the path is clear for further gains—both technically and fundamentally.
How ETF Approval Could Supercharge SOL’s Growth
A spot Solana ETF would bring institutional legitimacy and broader adoption. It would allow traditional investors to gain exposure without directly holding crypto. Hence, this could lead to significant inflows and sustained demand for SOL.
Moreover, ETF-backed products tend to increase liquidity and reduce volatility. Thus, they provide a more stable environment for long-term investment. With such support looming, Solana appears well-positioned for a major price rally in the second half of 2025.
Final Thoughts: Is $300 Just the Beginning?
With both technical and fundamental signals turning positive, the Solana ETF approval odds near 100% serve as a catalyst for growth. If history repeats itself like with Bitcoin and Ethereum ETF approvals, SOL could see unprecedented momentum.
Therefore, while $300 looks like a realistic short-to-medium term target, some analysts believe the sky may be the limit. Meanwhile, traders and investors should closely monitor key resistance levels and ETF-related news for timely opportunities.
