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Solana Joins Fidelity’s Retail Platform as $188 Support Draws Trader Focus
Solana’s price continues to hover near key levels as institutional access expands and new retail integrations arrive.
SOL
$200.31
was trading around $191.95 at 15:45 UTC on Oct. 25 after an earlier attempt to clear $195 lost momentum. Market participants are now closely watching whether Solana can maintain footing in the high-$180s and turn the $192–$195 area into a firm base of support.
Key Developments This Week
1. Fidelity Adds Solana to Retail Trading Platform
On Oct. 23, Fidelity made SOL available to U.S. brokerage customers, joining BTC, ETH, and LTC on the firm’s digital asset roster. While platform additions don’t directly impact short-term price action, they significantly widen Solana’s potential investor base by opening exposure through one of America’s largest retail brokerages.
2. Gemini Launches Solana Edition of Its Credit Card
On Oct. 20, Gemini unveiled a Solana-branded version of its Gemini Credit Card. The card offers up to 4% back in SOL for gas, EV charging, and rideshare purchases, 3% on dining, 2% on groceries, and 1% on all other spending. Select merchants can offer up to 10% back.
The card carries no annual fee, no crypto reward fees, and no foreign transaction charges. Gemini has also added an auto-staking feature, allowing users to automatically stake their SOL rewards. Yields are variable and not guaranteed.
3. Technical Perspective: $188 Emerges as Critical Support
Crypto analyst Ali Martinez highlighted $188 as Solana’s most important short-term support, referencing Glassnode’s Realized Price Distribution chart, which shows a large cluster of addresses with breakeven entries near that level. Such zones often act as psychological floors, as traders tend to reduce selling when prices remain above them.
Market and Technical Overview
According to CoinDesk Research’s technical model, Solana rose roughly 2.7% over the past 24 hours, with buyers defending $189.25 and sellers active near $195. The model identifies key levels as follows:
- Primary support: $189.25
- Secondary support: $186.00
- Resistance zone: $192.50–$195.49
Volume peaked at 09:00 UTC, reaching 786,000—around 47% above the 24-hour average of 534,000—when Solana failed to sustain a breakout beyond $195.16 and retreated to the $192 range.
On the hourly chart, SOL slipped from $193.73 to $192.53, with volume spikes at 14:10 UTC (39.9K) and 14:14 UTC (41.1K) confirming intraday volatility. In practical terms, $195 acted as a ceiling while $192.50 briefly broke before stabilization.
Outlook
With expanding access via Fidelity and Gemini, Solana’s ecosystem continues to attract mainstream interest even as price consolidates. Traders are now watching whether the $188–$192 range can hold as a launchpad for the next leg higher—or whether another test of support lies ahead.
