#SECETFApproval 'Bullish' chart of SOL price points to 300 dollars as the chances of approval for a Solana ETF reach 99.7%.

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

Key points:

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

Bullish flag for SOL price is at stake on the daily chart, targeting 300 dollars.

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

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

Bullish flag for SOL price targets 300 dollars.

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 trendline and rises as much as the height of the previous bullish trend. This places the upper target for SOL price at 303 dollars, or a 100% increase from current prices.

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