Solana Price Prediction: SOL Soars 5% As Solana ETF Approval Odds Surge to 99.7% on Polymarket

The Solana price has soared 5% in the last 24 hours to trade at $157 on a 48% pump in the daily trading volume to $4.88 billion.

Solana Price Jumps as ETF Approval Odds Hit 99.7%

With the recent jump, the SOL price has increased more than 7% over the longer-term weekly time frame. This surge in SOL price comes as approval odds for a spot Solana ETF soar to 99.7%, according to Polymarket data. As of Wednesday, the probability remains high at 99%, reflecting strong investor optimism about Solana’s entry into traditional financial markets.

This spike in confidence follows multiple ETF filings by leading asset managers like VanEck, Grayscale, 21Shares, Bitwise, and Canary Capital, a clear sign of growing institutional interest in regulated Solana investment products.

Bloomberg ETF expert James Seyffart predicts a “wave of new ETFs in the second half of 2025” and puts Solana’s ETF approval odds at 95%.

He added that the SEC’s recent delay in ruling on Fidelity’s spot Solana ETF was expected and should be seen as a routine part of the approval process. If approved, spot Solana ETFs could trigger major institutional capital inflows, driving increased demand for SOL.

Solana Price Set for Breakout as Chart Turns Bullish

The Solana daily chart shows strong signs of a breakout on the daily chart, gaining over 7% this week and now trading around $157. The price has been rising steadily after bouncing from the $120 level in June, forming a clear parabolic curve, a bullish pattern that signals growing momentum.

SOL has been forming higher lows and pushing upward, creating a rounded bottom formation, often a sign that a big move is coming.

The next key level to watch is $175, marked as the neckline resistance on the chart. If Solana breaks above this level, it could trigger a strong rally. The chart shows a target zone between $250 and $275, labeled as buy-side liquidity, where a lot of traders might be looking to sell or take profits.

On the downside, the sell-side liquidity area near $100–$125 has already been cleared, meaning selling pressure from that zone is mostly gone. This clears the way for a potential upside move.

Solana Builds Momentum as RSI Stays Bullish

The RSI (Relative Strength Index) is currently at 56.94, not too high, so there’s still room for the price to climb before hitting overbought conditions.

This bullish technical setup comes at the same time as rising optimism around a spot Solana ETF. According to Polymarket, there’s now a 99.7% chance of approval by 2025. If that happens, it could bring big institutional money into Solana, pushing prices even higher.

In short, Solana’s chart looks strong. If the price breaks above $175 with good volume, it could quickly rally toward the $250–$275 range. With both the chart and fundamentals lining up, traders are watching closely for a breakout.