Solana Joins Fidelity’s Retail Platform as Traders Eye $188 Support Amid $195 Test
Solana (SOL) traded around $191.95 on Oct. 25, easing after an early attempt to break above $195. Market participants are watching whether the token can defend the $188–$190 zone and convert the $192–$195 band into a new base of support.
Expanding Market Access
Fidelity has added Solana to its retail brokerage platform in the U.S., joining Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). The move broadens retail access to SOL and signals growing institutional confidence in the network’s momentum.
Meanwhile, Gemini introduced a Solana-branded version of its Gemini Credit Card, offering up to 4% cashback in SOL for gas, EV charging, and rideshares, 3% on dining, and 2% on groceries. The card features no annual or foreign transaction fees and now allows users to auto-stake rewards for additional yield.
Market Structure and Key Levels
Analyst Ali Martinez flagged $188 as a crucial support area, citing Glassnode’s realized price distribution data showing heavy accumulation near that level — a zone where many holders are near break-even. Historically, such regions act as floors, as traders hesitate to sell below their cost basis.
CoinDesk Research’s technical model identifies primary support at $189.25 and secondary at $186, with resistance forming near $192.50–$195.49. Trading volume spiked 47% above the 24-hour average, as price rejected the $195 ceiling and briefly dipped toward $192 before stabilizing.
Outlook
The addition to Fidelity’s retail lineup and Gemini’s Solana credit card rollout strengthen SOL’s market visibility and accessibility. For now, price action suggests a balance between profit-taking and accumulation, with the $188 support level remaining pivotal for near-term sentiment.
