Polymarket Predicts Solana ETF Approval as SOL Bulls Eye $500 Potential

News

  • Polymarket data shows an 89% probability for Solana ETF approval by December 31, 2025.
  • SOL hit a new high of $296, with bullish momentum supported by Grayscale’s ETF filing.
  • The price chart indicates support at $220, a target near $360, and potential growth to $500.

Polymarket recent update has weighed the probability of Solana ETF approval by the end of the year. The data reflects an 89% chance of approval as of January 26, 2025, with no percentage change recorded on that day. The chart indicates steady growth in the probability metric throughout January, increasing confidence in the approval process.

Polymarket 89% SOL ETF Approval

Tracking the movements, the trend begins with a lower probability in early January, followed by sharp upward spikes observed by January 4. The metric experiences brief fluctuations but stabilizes near mid-January, maintaining higher confidence levels. Key upward movements occur around January 16 and January 22, with visible increases in market sentiment.

Source: Polymarket

The reported trading volumes are approximately $44,802, demonstrating active participation and interest in this prediction market. The chart’s continuous upward trajectory implies consistent gains in confidence, with minimal interruptions in momentum. Probabilities oscillated briefly at certain points but sustained an overall positive trend.

The 89% probability recorded on January 26, 2025, marks this month’s highest confidence level reached. The chart demonstrates resilience and reflects market participants aligning their outlook toward approval by the stated timeframe.

Solana  $360 Target as ETF Approval Gains Momentum

$SOL continues to show strong performance, recently hitting a new high at $296. Grayscale’s filing for a Solana ETF with the NYSE adds bullish momentum to the market sentiment. Following a breakout above its descending trendline, Solana’s price maintained an upward trajectory, reaching a high near $280 before a slight retracement. 

Source: Lucky(X)

The chart indicates a potential target zone near $360, with support levels holding firm at $220. Previous resistance zones have turned into solid support, reinforcing the bullish structure. With higher highs and higher lows forming, SOL’s momentum suggests potential growth, and analysts anticipate a possible rise toward $500.
No abrupt Polymarket declines or bearish sentiments are observed throughout the reporting period. Instead, the trend maintains a steady upward momentum with periodic consolidation phases. The data provides a clear picture of market expectations tied to approving a Solana ETF by December 31, 2025.

The post Polymarket Predicts Solana ETF Approval as SOL Bulls Eye $500 Potential appeared first on Cryptonewsland.

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