Solana Joins Fidelity’s Retail Platform as Traders Eye $188 Support
Solana (SOL) traded near $191.95 on Oct. 25 after an earlier push toward $195 lost momentum, with markets now focused on whether the token can sustain support in the high-$180s and establish a new base around $192–$195.
Institutional and Retail Adoption Gains
Fidelity added SOL to its U.S. retail brokerage platform on Oct. 23, expanding access alongside bitcoin (BTC), ether (ETH), and litecoin (LTC). The move marks another step in Solana’s mainstream adoption and could broaden its investor base ahead of year-end positioning.
Earlier in the week, Gemini unveiled a Solana-branded edition of its Gemini Credit Card, offering up to 4% back in SOL on select categories such as gas, EV charging, and rideshare, 3% on dining, and 2% on groceries. The card includes no annual or foreign transaction fees and introduces an auto-staking feature for SOL rewards.
Key Technical Levels
According to analyst Ali Martinez, $188 remains Solana’s most important near-term support level, based on a Glassnode realized price distribution showing significant historical accumulation around that zone. Sustaining above it could reinforce market stability, while a breakdown may invite more selling.
CoinDesk Research’s technical model identifies primary support at $189.25 and secondary at $186, with resistance clustered around $192.50–$195.49. Trading volume spiked 47% above average as the token rejected the $195 area, suggesting active participation but lingering resistance pressure.
Market Context
Despite intraday volatility, Solana continues to demonstrate resilience. Its integrations across traditional finance and DeFi platforms — from Fidelity’s retail rollout to Gemini’s credit card rewards — highlight growing cross-market adoption. For now, all eyes remain on whether $188 can anchor the next leg of Solana’s advance.
