Solana was trading around $191.95 as of 3:45 p.m. UTC on Oct. 25, after the push toward $195 faded, with traders watching to see if the market can hold the $180 high and convert $192 to $195 into a base.
Solana News Highlights of the Week
Earlier today, crypto analyst Ali Martinez called out 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.
Given that a large supply cluster sits near $188, many holders there are close to break-even; these areas often act as floors (staying above them tends to reduce sales, while breaks can encourage more supply).
On October 23, Fidelity added SOL for US brokerage clients, expanding access alongside Bitcoin. ether And . Access changes don’t decide the band of the day, but they do expand the funnel of potential buyers.
On October 20, Gemini announced a Solana edition of the Gemini credit card, launching in 2023.
The Solana brand design offers up to 4% back in SOL on gas, electric vehicle charging and ridesharing up to a monthly cap, 3% on dining, 2% on groceries and 1% on other purchases, with select merchant offers up to 10%.
The Gemini credit card has no annual fees, no fees for receiving crypto rewards, and no foreign transaction fees. Gemini also introduces an option to automatically stake Solana rewards directly; Staking APRs are subject to change and are not guaranteed.
Session Overview
CoinDesk Research’s technical analysis data model shows that SOL rose slightly over the previous 24-hour session, traveling around $5.24 (around 2.7%), with buyers defending $189.25 and sellers coming in near $195. The pattern map: primary support at $189.25, secondary at $186, and resistance clustered around $195.49, with an intraday plateau closer to $192.50.
Intraday Volume and Context
The biggest burst occurred at 09:00 UTC, when volume reached 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 rose from $193.73 to $192.53, with peaks at 2:10 p.m. UTC (around 39.9K) and 2:14 p.m. UTC (around 41.1K) helping to break through $192.50 and set new hourly lows. In short: $195 behaved like a ceiling; $192.50 briefly gave way before stabilizing.
What to watch next
- On the upside: If SOL closes above $195 (UTC) and holds there, the next zone to target is $200 to $208.
- Downside: If SOL falls below $192.50 and stays there, a retest of $189.25 is likely, followed by $186; losing the $189-$188 zone would put $183 in sight.
CoinDesk 5 Index Snapshot (UTC)
During 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 surge.
Last reading of 24 hour and 1 month charts
From 3:45 p.m. to 3:46 p.m. on October 25, SOL was $191.95 (+0.53% over the period). On the 24-hour chart, $191 to $192 served as an intraday buying zone while $195 capped rebounds.
On the one-month chart, SOL has rebounded from the mid-October low near $175 but remains below early October highs around $236, remaining focused on recovering from $200 to $208 and then retesting the high from earlier in the month.
Disclaimer: Portions 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 Comprehensive AI Policy.
