At the beginning of the new year, the crypto market has soared in popularity. The price of Solana (SOL) has once again exceeded $200 after two weeks, becoming the focus of the market. Investors are increasingly expecting the approval of the spot SOL ETF. Coupled with the help of the "January effect", multiple positive factors have pushed Solana to new heights. So, if the SOL ETF is approved in 2025, how high can the price of Solana rise?

SOL ETF Approval: A Once-in-a-Lifetime Catalyst

According to Polymarket data, the probability of SOL ETF being approved in 2025 is as high as 75%, and this news has made the market full of expectations. The potential influx of institutional funds will inject strong momentum into Solana's price.

Why is the SOL ETF so important?

The approval of the spot ETF not only means that Solana has been recognized by more traditional financial markets, but also will attract massive institutional capital. This can be seen from the spot ETFs of Bitcoin and Ethereum, which have brought billions of dollars of capital inflows to the market since their launch.

As the current SEC Chairman Gary Gensler is about to leave office, the outside world is optimistic about the new candidate Paul Atkins. This candidate, who is known for supporting cryptocurrencies, may clear the way for the approval of the SOL ETF. Once approved, SOL is expected to usher in explosive growth and start a new round of bull market.

Technical analysis: The road to 1,000 yuan is being paved

Bullish Pennant: Bullish signal for SOL

From the technical chart, SOL has formed a typical symmetrical triangle pattern since March 2024, which is a common bullish continuation signal. At the end of 2024, SOL has broken through this pattern and completed the retracement test, which laid the foundation for the rebound in 2025.

Price target: $1,290?

By measuring the height of the pennant pattern and extrapolating from the key support level of $126, SOL's potential target price is $1,290, which is a 923% increase from the current price. This prediction is based on the assumption that SOL continues to attract capital inflows and that SOL does not fall below key support.

However, if SOL fails to hold the $126 support, the bullish scenario may be invalidated and investors should be wary of a potential deeper pullback.

Multiple favorable factors boost: Is SOL ready?

In addition to the potential approval of ETFs, the "January effect" also provided support for SOL. Data shows that in January every year, the influx of funds brought by investors returning to the market after the holidays usually drives financial assets to rise.

At the same time, with the continuous development of DeFi and blockchain ecology, Solana's unique positioning in speed and cost advantages has also made it a popular choice for institutional investors.

Conclusion: Solana’s future depends on this move

The approval of the SOL ETF is not only another milestone in the crypto market, but it is also likely to be a key boost for Solana to move towards the $1,000 era. As the market enters 2025, the price trend of SOL will become an important indicator for observing the dynamics of the entire crypto industry.

Insight into the market rhythm is the beginning of controlling wealth! Follow Lao Tan closely, plan ahead, and let the next peak belong to your account! Follow Lao Tan and never let the opportunity slip away!
#sol #比特币走势观察 #xrp #PEPE‏ #SHIB $SOL $XRP $XLM