<ul data-eligibleForWebStory="true"><li>Solana's native token, SOL, surged 9.5% to $157, driven by increased trading volume.</li><li>Speculation on a Solana spot ETF approval in the US boosted SOL's rally.</li><li>Polymarket's odds for Solana ETF approval reached 91%, with several asset managers filing for ETFs.</li><li>Institutional interest surged, with Invesco and Galaxy Digital planning a Solana ETF Trust in Delaware.</li><li>Solana futures open interest hit a two-year high at 45.87 million SOL, signaling strong institutional participation.</li><li>The OI, totaling $6.86 billion, indicates leveraged bets on SOL's price trajectory.</li><li>SOL's bull flag formation on the daily chart suggests a potential price target of $315.</li><li>Analysts predict that ETF approvals could drive SOL to new all-time highs, potentially hitting $1,300.</li><li>The SOL/USD pair needs to surpass the 50-day SMA at $161 for a sustained recovery.</li><li>The daily RSI rose to 50, reflecting increasing bullish momentum.</li></ul>

Why is Solana (SOL) price up today?

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