#SECETFApproval Bullish chart of SOL price points to $300 as odds of approval for a Solana ETF reach 99.7%.

SOL price analysts believe in the altcoin's potential to rally to new all-time highs, as a spot Solana ETF is likely to be approved this year.

Key points:

Odds of approval for a spot Solana ETF jump to 99.7% on Polymarket.

Bullish flag for SOL price is at play on the daily chart, pointing to $300.

Solana SOL price €132.04 formed a bullish flag pattern on the daily chart, a technical chart formation associated with strong bullish momentum following an upward breakout.

Could this technical setup, along with the likely approval of a spot Solana ETF in 2025, signal the start of a rally towards new all-time highs?

Bullish flag for SOL price points to $300

Technical aspects of SOL price show that it could gain momentum if it breaks a bullish flag pattern on the daily candlestick chart.

A bullish flag pattern is a bullish setup that forms after the price consolidates within a descending range following a strong price increase.

Bullish flags typically resolve after the price breaks above the upper trend line and rises as much as the height of the previous bullish trend. This sets the upper target for SOL price at $303, or a 100% increase from current prices.