Oct 25, 2025
According to Yahoo Finance, Solana (SOL) was trading around $191.95 at 15:45 UTC on October 25, after a push toward $195 faded. Traders are watching whether the market can hold the high-$180s and convert the $192-$195 range into a base.
Crypto analyst Ali Martinez identified $188 as Solana’s most critical support level, referencing a Glassnode “realized price distribution” chart. A large supply cluster sits near $188, meaning many holders are close to break-even at that price; such zones often act like floors, where holding above them tends to reduce selling, while a break below can invite more supply.
On October 23, Fidelity added SOL for its U.S. brokerage customers, broadening access alongside bitcoin (BTC), ether (ETH), and litecoin (LTC). While such access changes do not decide the day’s trading, they expand the potential buyer funnel.
On October 20, Gemini announced a Solana edition of the Gemini Credit Card, which was originally launched in 2023. The Solana-branded card provides up to 4% back in SOL on gas, EV charging, and rideshare purchases up to a monthly cap, 3% back on dining, 2% on groceries, and 1% on other purchases, with select merchant offers that can reach 10 percent. The card has no annual fee, no fee to receive crypto rewards, and no foreign transaction fees. Gemini is also introducing an option to auto-stake Solana rewards directly, though staking APRs can change and are not guaranteed.
CoinDesk Research’s technical analysis data model shows SOL edged higher over the prior 24-hour session, gaining about $5.24, or approximately 2.7%. The model noted buyers defending $189.25 and sellers showing up near $195. The model’s map indicates primary support at $189.25, secondary support at $186, and resistance clustered around $195.49, with a nearer intraday shelf near $192.50.
The largest burst of trading volume hit at 09:00 UTC, when volume rose to 786,000—about 47% above the 24-hour average of 534,000—as the price rejected the $195.16 area and slipped into the $192s. On a 60-minute view, SOL fell from $193.73 to $192.53, with volume spikes at 14:10 UTC and 14:14 UTC helping to push through $192.50 and set fresh hourly lows. In this context, $195 behaved like a cap, and $192.50 briefly gave way before stabilizing.
For potential upside, if SOL closes above $195 and holds it, the next area to target is $200-$208. For the downside, if SOL falls below $192.50 and stays there, a retest of $189.25 is likely, with $186 as the next level; losing the $189-$188 zone would put $183 in view.
Over the same 24-hour window, the CoinDesk 5 Index rose from 1,929.11 to 1,958.10, an increase of about 1.5%, and held above 1,950 after a morning push.
Source: IndexBox Market Intelligence Platform
