Solana's native token, SOL, has surged to $230, marking a 20% increase from its recent low of $191 on September 25, driven by optimism over potential spot Solana ETF approvals in the US. The US Securities and Exchange Commission (SEC) is expected to decide on nine spot Solana ETF applications this week, with major firms like VanEck, Fidelity, and Grayscale awaiting decisions by October 10. Technical analysis suggests SOL could rally to between $290 and $345, supported by two bull flag patterns on its daily chart. A breakout above $233 could trigger a 25% rise to $290, while a larger pattern projects a 50% increase to $345. Analysts and market participants are optimistic, with Bloomberg analysts estimating a 100% approval probability for the ETFs, potentially unlocking significant institutional capital for Solana.