solana Traded around $191.95 at 15:45 UTC on October 25 After the push towards $195 waned, traders looked to see if the market could sustain highs near $180 and convert to $192-$195 as a base.
Solana News Highlights of the Week
Earlier today, crypto analyst Ali Martinez called $188 Solana’s most important support and shared a Glassnode “actual price distribution” chart – a histogram of where large amounts of SOL last changed hands.
Because a large supply group sits near $188, many holders are near break-even there as well; Such areas often act like floors (putting above them reduces selling, while breaks can invite more supply).
On October 23, Fidelity added SOL to US brokerage clients, broadening access to Bitcoin as well ether And Reach changes don’t decide the tape of the day, but they do expand the potential buyer funnel.
On October 20, Gemini announced a Solana version of the Gemini Credit Card, to be launched in 2023.
The Solana-branded design offers SOL discounts of up to 4% on gas, EV charging and rideshare up to a monthly limit, 3% on dining, 2% on groceries and 1% on other purchases, with select merchant offers that can reach up to 10 percent.
The Gemini Credit Card has no annual fee, no fees to earn crypto rewards and no foreign transaction fees. Gemini is also offering the option to directly auto-stake Solana rewards; Staking APRs are subject to change and are not guaranteed.
session overview
Technical analysis data models from CoinDesk Research show that SOL is up over the last 24-hour session, traveling up $5.24 (about 2.7%), with buyers defending $189.25 and sellers looking to close $195. Map of the model: Primary support at $189.25, secondary support at $186, and resistance gathered around $195.49, intraday shelf near $192.50.
Volume and Intraday References
The biggest explosion occurred at 09:00 UTC, when volume increased to 786,000 – about 47% more than the 24-hour average (534,000) – as the price rejected the $195.16 area and slipped to $192.
On the 60-minute view, SOL fell from $193.73 to $192.53, spikes at 14:10 UTC (about 39.9K) and 14:14 UTC (about 41.1K) helped it reach $192.50 and set new hourly lows. In plain English: $195 behaves like a hat; There was a brief drop before settling at $192.50.
what to look forward to
- Upside: If SOL closes and holds above $195 (UTC), the next target area is $200-$208.
- Downside: If SOL drops below $192.50 and holds there, a retest of $189.25 is possible, followed by $186; A loss of the $189-$188 area would see $183.
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%), following a morning push above 1,950.
Read the latest 24 hour and one month charts
As of 15:45–15:46 on October 25, SOL was $191.95 (+0.53% over the period). On the 24-hour chart, $191-$192 served as an intraday buy zone, while $195 limited the rebound.
On a one-month chart, SOL has bounced back from mid-October lows of $175, but remains below early October highs around $236, looking to reclaim $200-$208 and then retest early-month peaks.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information see CoinDesk’s full AI policy.