Solana Price Forecast: $345 Possible as Spot ETF Approval Nears

The Solana price has rebounded by 20% in just two weeks, driven by optimism surrounding the potential approval of a spot Solana exchange-traded fund (ETF) in the United States. Technical analysis suggests that this could propel SOL prices towards the $345 mark, with an upside potential of up to 25%-50%. This bullish sentiment is fueled by anticipation surrounding key deadlines for ETF filings by VanEck, Canary, Fidelity, Grayscale, and Franklin Templeton this week. Analysts believe a strong likelihood of approval based on increased regulatory clarity and leadership changes at the SEC.