solarium was trading around $191.95 at 15:45 UTC on October 25, after a push towards $195 faded, with traders watching to see if the market can hold the highs of $180 and turn $192 to $195 into a base.
Highlights of the week’s Solana news
Earlier today, crypto analyst Ali Martinez rated Solana’s most critical support at $188 and shared a “realized price distribution” chart from Glassnode – a histogram of where large amounts of SOL last changed hands.
Because a large supply group sits near $188, many holders are close to breakeven there; These zones often act as floors (staying above them tends to reduce sales, while breakouts can generate more supply).
On October 23, Fidelity added SOL for US brokerage clients, expanding access alongside bitcoin. ether and . Access changes don’t decide the tape of the day, but they expand the potential purchase funnel.
On October 20, Gemini announced a Solana edition of the Gemini credit card, launching in 2023.
The Solana brand design offers up to 4% SOL back on gas, electric vehicle charging and ride sharing up to a monthly limit, 3% on dining, 2% on groceries and 1% on other purchases, with offers from select merchants that can reach 10 percent.
The Gemini credit card has no annual fee, no fee for receiving crypto rewards, and no foreign transaction fees. Gemini is also introducing an option to auto-stake Solana rewards directly; Betting APRs may change and are not guaranteed.
Session summary
CoinDesk Research’s technical analysis data model shows that SOL rose during the previous 24-hour session, trading around $5.24 (about 2.7%), with buyers defending $189.25 and sellers appearing near $195. The model map: primary support at $189.25, secondary support at $186, and resistance clustered around $195.49, with an intraday platform closer to $192.50.
Intraday volume and context
The largest explosion occurred at 09:00 UTC, when volume increased to 786,000, approximately 47% above the 24-hour average (534,000), when the price rejected the $195.16 area and fell to $192.
On the 60-minute view, SOL fell from $193.73 to $192.53, with spikes at 14:10 UTC (around 39.9K) and 14:14 UTC (around 41.1K) helping it break above $192.50 and set new hourly lows. In simple terms: $195 acted as a limit; $192.50 dipped briefly before stabilizing.
What to see next
- Upside: If SOL closes above $195 (UTC) and holds it, the next area to target is between $200 and $208.
- Downside: If SOL falls below $192.50 and stays there, it is likely to retest $189.25, followed by $186; losing the $189 to $188 zone would put $183 in sight.
CoinDesk 5 Index Snapshot (UTC)
In the same window, the CoinDesk 5 index rose from 1,929.11 to 1,958.10 (approximately +1.5%), holding above 1,950 after a morning boost.
Last reading of the 24-hour and one-month chart
At 15:45-15:46 on October 25, SOL was worth $191.95 (+0.53% over the period). On the 24-hour chart, $191 to $192 acted as an intraday buy zone, while $195 limited bounces.
On the one-month chart, SOL has recovered from the mid-October low near $175, but remains below the early October highs around $236, keeping the focus on recovering between $200 and $208 and then retesting the peak from earlier in the month.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.
