“SOL lands on Fidelity’s retail trading platform, Gemini launches the Solana edition of its credit card, and $188 emerges as the key support level to watch.”, — write: www.coindesk.com
Highlights of the week’s Solana newsEarlier today, crypto analyst Ali Martinez called $188 Solana’s most critical support and shared a Glassnode “realized price distribution” chart — a histogram of where large amounts of SOL last changed hands.
Glassnode Chart for Solana (SOL) Showing UTXO Realized Price Distribution (Glassnode)
Because a big supply cluster sits near $188, many holders are close to break-even there; such zones often act like floors (holding above them tends to reduce selling, while breaks can invite more supply).
On Oct. 23, Fidelity has added SOL for US brokerage customers, broadening access alongside bitcoin BTC$111,667.29ether ETH$3,959.36and LTC$96.85. Access changes don’t decide the day’s tape, but they expand the potential buyer funnel.
On Oct. 20, Gemini announced a Solana edition of the Gemini Credit Card, which was launched in 2023.
The Solana-branded design provides 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 percent.
The Gemini Credit 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; staking APRs can change and are not guaranteed.
Session overview CoinDesk Research’s technical analysis data model shows SOL edged higher over the prior 24-hour session, traveling about $5.24 (around 2.7%), with buyers defending $189.25 and sellers showing up near $195. The model’s map: primary support $189.25, secondary $186, and resistance clustered around $195.49, with a nearer intraday shelf near $192.50.
Volume and intraday contextThe largest burst hit at 09:00 UTC, when volume rose to 786,000 — about 47% above the 24-hour average (534,000) — as the price rejected the $195.16 area and slipped into the $192s.
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 to push through $192.50 and set fresh hourly lows. In plain English: $195 behaved like a cap; $192.50 briefly gave way before stabilizing.
What to watch next
- Upside: If SOL closes above $195 (UTC) and holds it, the next area to target is $200–$208.
- 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%), holding above 1,950 after a morning push.
Latest 24-hour and one-month chart reading As of 15:45–15:46 on Oct. 25, SOL was $191.95 (+0.53% over the period). On the 24-hour chart, $191–$192 acted as an intraday buy zone while $195 capped rebounds.
24-Hour SOL-USD Price Chart (CoinDesk Data)
On the one-month chart, SOL has rebounded from mid-October’s low near $175 but remains below early-October highs around $236, keeping focus on reclaiming $200–$208 and then retesting the early-month peak.
One-Month SOL-USD Price Chart (CoinDesk Data)
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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