Could Spot Solana ETFs Trigger a SOL Price Surge? Analysis of Bull Flag Potential.

The approval of spot Solana exchange-traded funds (ETFs) in the US could be a significant catalyst for SOL price, with traders anticipating a potential rally to levels unseen before. 20% gains over the past week have been fueled by investor optimism surrounding this possibility, as deadlines for SEC applications loom. This week’s SEC decision on nine spot Solana ETF applications has sparked anticipation amongst investors, with many optimistic about the potential for approval. Analysts predict a high likelihood of approvals, suggesting that SOL could break through the $300 mark if these come to fruition.