Solana News: Solana ETF Approval Could Send SOL Price to $345, Analysts Say

Key TakeawaysSOL price has rebounded 20% in two weeks amid optimism over a potential spot Solana ETF approval.Technical analysis shows two bull flag patterns targeting $290 to $345, signaling potential 25%–50% upside.ETF approval could trigger billions in institutional inflows, accelerating Solana’s path toward the $300–$350 range.Solana Price Jumps Ahead of Key ETF DecisionSolana’s native token (SOL) traded near $230 on Tuesday, up 20% from its late-September low of $191, as traders bet on imminent approval of spot Solana exchange-traded funds (ETFs) in the United States.The U.S. SEC faces crucial ETF deadlines this week, with filings from VanEck, Canary, Fidelity, Grayscale, and Franklin Templeton set for review by Friday, while Bitwise and 21Shares face final decisions by Oct. 16.Crypto analyst Lark Davis called this a “big week for Solana,” adding that the “final deadline for spot $SOL ETF approval is just days away.”Bloomberg ETF analysts Eric Balchunas and James Seyffart now estimate a 100% probability of approval, citing increased regulatory clarity and leadership changes at the SEC.On Polymarket, bettors place the odds of a 2025 spot Solana ETF approval above 99%, while institutional investors prepare for what could become Solana’s most significant regulatory milestone.Institutional Capital Poised to Flow Into SolanaIf approved, the ETFs could unlock billions in institutional demand, similar to the wave that followed Bitcoin and Ethereum ETF approvals.Analyst HODL Gentleman said an approval would “open a new chapter of institutional adoption” for Solana, establishing it as a core multi-chain asset in ETF portfolios.The REX-Osprey Solana Staking ETF (SSK) — launched July 2 with $33 million in first-day volume — already demonstrates early institutional appetite for Solana-based products.SOL Price Patterns Target $290–$345From a technical perspective, Solana’s price structure remains firmly bullish. The daily chart shows two bull flag formations — a pattern that often precedes strong continuation rallies.The smaller flag, formed since Sept. 25, suggests a breakout above $233 could lift SOL to $290, a 25% gain from current levels.The larger flag, in play since August, points toward an extended rally toward $345, representing nearly 50% upside.Analyst NekoZ confirmed similar targets using an ascending parallel channel, projecting SOL to $346 in the next leg of its rally.Momentum indicators also back the bullish setup: both the RSI and moving averages trend upward, suggesting buyers remain in control and that a breakout above $260 could confirm a sustained uptrend.With spot ETF approvals imminent, institutional liquidity rising, and technical charts flashing bullish continuation patterns, Solana could soon challenge the $300–$345 range — or higher — if regulatory decisions align with market expectations.If ETF approval is delayed, short-term corrections are possible, but the broader Q4 2025 outlook for SOL remains strongly bullish.