How high could SOL price go if a spot Solana ETF is approved?

Traders are optimistic about Solana's native token, SOL, following a potential spot Solana ETF approval in the US. SOL has risen 20% to $230 from a low of $191, amidst expectations of SEC decisions on multiple ETF applications by firms like Fidelity and Grayscale soon. Analysts believe this could propel SOL past $300. Technical patterns indicate SOL could rally to targets of $290 to $345, supported by two bull flag formations on the daily chart. A breakout above key resistance levels suggests strong buying momentum, attracting institutional capital and broader adoption. Ultimately, the approval of these ETFs could mark a significant turning point for SOL, with significant increases predicted if the current bullish trends continue. Investors are advised to conduct their own research before making decisions.

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