Solana traded around $191.95 at 15:45 UTC on October 25, after a push towards $195 faded, with traders looking to see if the market can hold the high $180s and convert $192-$195 into a base.
Highlights of this week’s Solana news
Earlier today, cryptoanalyst Ali Martinez called $188 Solana’s most critical support and shared a Glassnode chart of “realized price distribution” — a histogram of how much SOL last changed hands.
Because a major supply cluster is near $188, many holders are close to break-even there; such zones often act as floors (holding above them tends to reduce sales, while breaks can invite more supply).
On October 23, Fidelity added SOL to US brokerage clients, expanding access alongside bitcoin ether and . Access changes don’t determine today’s bond, but they do widen the potential buyer funnel.
On October 20, Gemini announced a Solana edition of the Gemini credit card, launching in 2023.
The Solana-branded design offers up to 4% back in SOL on gas, EV charging and rideshare up to a monthly cap, 3% on dining, 2% on groceries and 1% on other purchases, with select merchant offers that can reach 10%.
The Gemini Credit Card has no annual fee, no fee to receive crypto rewards and no foreign transaction fees. Gemini also introduces an option to auto-deposit Solana rewards directly; quoted APR is subject to change and is not guaranteed.
Session overview
CoinDesk Research’s technical analysis data model shows that SOL rose higher from the previous 24-hour session, rising around $5.24 (about 2.7%), with buyers defending $189.25 and sellers emerging near $195. The chart of the model: primary support $189.25, secondary $186 and resistance gathered around $195.49, with a closer intraday shelf near $192.50.
Volume and intraday context
The biggest eruption hit at 09:00 UTC, where volume rose to 786,000 – about 47% above the 24-hour average (534,000) – as the price rejected the $195.16 area and slid into the $192s.
On the 60-minute view, SOL fell from $193.73 to $192.53, with peaks at 14:10 UTC (around 39.9K) and 14:14 UTC (approx. In plain English: $195 acted like a cap; $192.50 gave way shortly before stabilizing.
What to see next
- Upside: If SOL closes above $195 (UTC) and holds, the next area to target is $200-$208.
- The downside: If SOL falls below $192.50 and stays there, a retest of $189.25 is likely, with $186 next; losing the $189-$188 zone would put $183 in view.
CoinDesk 5 Index snapshot (UTC)
Over the same window, the CoinDesk 5 Index rose from 1,929.11 to 1,958.10 (about +1.5%) and held above 1,950 after a morning push.
Latest 24-hour and one-month chart read
From 15:45-15:46 on October 25, SOL was $191.95 (+0.53% for the period). On the 24-hour chart, $191-$192 acted as an intraday buy zone, while $195 capped rebounds.
On the one-month chart, SOL has rebounded from mid-October lows near $175, but remains below the early-October peak around $236, with the focus remaining on recovering $200-$208 and then retesting the early-month top.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
