Key takeaways:
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Spot Solana ETF approval odds soar to 99.7% on Polymarket.
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A SOL value bull flag is in play on the day by day chart, focusing on $300.
Solana’s (SOL) value 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 probably approval of a spot Solana ETF in 2025, sign the beginning of a rally to new all-time highs?
SOL value bull flag targets $300
SOL value technicals present it might achieve 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 varieties after the worth consolidates inside a down-sloping vary following a pointy value rise.
Bull flags sometimes resolve after the worth breaks above the higher trendline and rises by as a lot because the earlier uptrend’s peak. This places the higher goal for SOL value at $303, or a 100% improve from present costs.
The day by day RSI is shifting above the midline, rising to 53 on Wednesday from near-oversold circumstances at 31 on June 22, indicating rising bullish momentum.
Associated: SOL futures funding price 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 shifting averages.
A number of analysts argue that SOL’s development 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,” mentioned crypto analyst CryptoBits in a July 9 put up on X, including:
“My targets are sitting at $200, $300 after which uncharted territory at $500.”
A latest X evaluation by well-liked market analyst Alek Carter means that robust fundamentals and SOL snapping its multimonth downtrend put it on a path to $300.
$SOL trying finest chart i’ve ever seen.
SOL hitting arduous basically too and that is simply broke the downtrend and the reason being immense utility.
And each motion is pointing us in the direction of just one factor.
SOL pump is coming and targets is 280$-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 Change Fee approving a spot Solana exchange-traded fund (ETF) in 2025 jumped to 99.7% on July 2, in accordance with Polymarket knowledge.
The chances 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 autos.
Bloomberg senior ETF analyst James Seyffart mentioned he expects a “wave of latest ETFs within the second half of 2025,” inserting the Solana ETF approval odds at 95%.
Listed below are mine and @EricBalchunas‘ most up-to-date odds on spot crypto ETF approvals by the tip of 2025. We count on a wave of latest ETFs on this second half of 2025. pic.twitter.com/H3pxJhqMy3
— James Seyffart (@JSeyff) June 30, 2025
Though the SEC delayed its determination on Constancy Investments’ spot Solana software, Seyffart mentioned that the delay was anticipated and that “interactions between the SEC and issuers must be seen positively.”
Approval of spot Solana ETFs might unlock institutional capital, amplifying demand for SOL and doubtlessly driving costs increased, with some analysts predicting targets as excessive as $1,300.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.
