Key takeaways:
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Spot Solana ETF approval odds jump to 99.7% on Polymarket.
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A SOL price bull flag is in play on the daily chart, targeting $300.
Solana’s (SOL) price printed a bull flag pattern on the daily chart, a technical chart formation associated with strong bullish momentum following an upward breakout.
Could this technical setup, coupled with the likely approval of a spot Solana ETF in 2025, signal the start of a rally to new all-time highs?
SOL price bull flag targets $300
SOL price technicals show it could gain momentum if it breaks out of a bull flag pattern on the daily candle chart.
A bull flag pattern is a bullish setup that forms after the price consolidates inside a down-sloping range following a sharp price rise.
Bull flags typically resolve after the price breaks above the upper trendline and rises by as much as the previous uptrend’s height. This puts the upper target for SOL price at $303, or a 100% increase from…
