Key takeaways:
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Spot Solana ETF approval odds soar to 99.7% on Polymarket.
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A SOL worth bull flag is in play on the day by day chart, concentrating on $300.
Solana’s (SOL) worth printed a bull flag sample on the day by day chart, a technical chart formation related to robust bullish momentum following an upward breakout.
May this technical setup, coupled with the possible approval of a spot Solana ETF in 2025, sign the beginning of a rally to new all-time highs?
SOL worth bull flag targets $300
SOL worth technicals present it may acquire momentum if it breaks out of a bull flag sample on the day by day candle chart.
A bull flag sample is a bullish setup that kinds after the worth consolidates inside a down-sloping vary following a pointy worth rise.
Bull flags sometimes resolve after the worth breaks above the higher trendline and rises by as a lot because the earlier uptrend’s top. This places the higher goal for SOL worth at $303, or a 100% enhance from present costs.
The day by day RSI is transferring above the midline, rising to 53 on Wednesday from near-oversold situations at 31 on June 22, indicating rising bullish momentum.
Associated: SOL futures funding charge turns unfavorable: Is $180 the following cease?
To make sure a sustained restoration, the SOL/USD pair should first overcome the resistance between $155 and $165, that are additionally the 50-day and 200-day easy transferring averages.
A number of analysts argue that SOL’s progress to $300 is inevitable, citing rising community flows, rising spot Solana ETF approval odds, and bullish onchain metrics.
“Solana’s inevitability continues to develop as fund inflows from different chains are rising each week and month,” stated crypto analyst CryptoBits in a July 9 publish on X, including:
“My targets are sitting at $200, $300 after which uncharted territory at $500.”
A current X evaluation by fashionable market analyst Alek Carter means that robust fundamentals and SOL snapping its multimonth downtrend put it on a path to $300.
$SOL wanting finest chart i’ve ever seen.
SOL hitting exhausting essentially too and that is simply broke the downtrend and the reason being immense utility.
And each motion is pointing us in the direction of just one factor.
SOL pump is coming and targets is 280$-300$.
What’s your plans shopping for… pic.twitter.com/VyZUqZJeb4
— Alek (@Alek_Carter) June 30, 2025
Solana ETF approval odds soar to 99.7%
The probability of the US Securities and Trade Fee approving a spot Solana exchange-traded fund (ETF) in 2025 jumped to 99.7% on July 2, in line with Polymarket information.
The percentages at the moment stand at 99% on the time of writing on Wednesday, signaling investor confidence in Solana’s future in conventional monetary markets.
A number of spot Solana ETF purposes from asset administration giants like VanEck, Grayscale, 21Shares, Bitwise and Canary Capital sign sturdy demand for regulated SOL funding automobiles.
Bloomberg senior ETF analyst James Seyffart stated he expects a “wave of recent ETFs within the second half of 2025,” putting the Solana ETF approval odds at 95%.
Listed here are mine and @EricBalchunas‘ most up-to-date odds on spot crypto ETF approvals by the top of 2025. We anticipate a wave of recent ETFs on this second half of 2025. pic.twitter.com/H3pxJhqMy3
— James Seyffart (@JSeyff) June 30, 2025
Though the SEC delayed its choice on Constancy Investments’ spot Solana software, Seyffart stated that the delay was anticipated and that “interactions between the SEC and issuers ought to be seen positively.”
Approval of spot Solana ETFs may unlock institutional capital, amplifying demand for SOL and doubtlessly driving costs greater, with some analysts predicting targets as excessive as $1,300.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice.
