TLDR
- Fidelity now supports Solana for U.S. retail trading alongside BTC and ETH.
- Gemini’s SOL card offers up to 4% crypto rewards and optional auto-staking.
- $188 is the key support where many holders sit near break-even levels.
- SOL price faces resistance at $195 with next upside target at $200–$208.
Solana (SOL) is now available to U.S. retail customers on Fidelity’s brokerage platform, placing it alongside Bitcoin, Ethereum, and Litecoin. This move increases access to the token as Gemini also rolled out a new Solana-branded credit card offering rewards in SOL. Meanwhile, traders are watching price levels closely, with $195 acting as resistance and $188 seen as a key support zone.
Fidelity Adds Solana to Its Retail Trading Platform
On October 23, Fidelity Digital Assets added Solana (SOL) to its retail brokerage offerings in the U.S. The platform now lists SOL alongside Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). This update makes Solana accessible to more retail investors who use Fidelity for cryptocurrency trading.
The addition comes as Fidelity continues to expand its digital asset services. While such listings do not directly affect short-term price moves, they increase the number of potential market participants who can buy and hold the asset through a regulated platform.
Gemini Launches Solana-Branded Credit Card with SOL Rewards
Gemini announced a Solana version of its Gemini Credit Card on October 20. The card offers up to 4% back in SOL on categories like EV charging, rideshares, and gas. It provides 3% on dining, 2% on groceries, and 1% on other purchases. Certain merchant promotions can give up to 10% back.
The card carries no annual fee, no foreign transaction fees, and no cost to receive crypto rewards. Gemini also introduced a feature that allows users to auto-stake their SOL rewards. The staking APR varies depending on network conditions, and rewards are not guaranteed.
$188 Identified as Critical Support, $195 as Key Resistance
Ali Martinez, a crypto analyst, marked $188 as a critical support level for SOL, based on Glassnode data. A histogram of realized price distribution shows a large supply cluster near $188, meaning many holders bought at this level. These clusters often act as floors, with traders less likely to sell below their break-even.
CoinDesk Research’s model shows key support around $189.25, with secondary support at $186. Resistance is focused around $195.49. The intraday pivot is near $192.50, where buyers and sellers often react. On October 25, SOL traded near $191.95, testing the $195 resistance earlier in the day.
Intraday Activity and Price Movement
SOL rose about 2.7% in the last 24-hour session before 15:45 UTC on October 25. It moved approximately $5.24 within that period. The strongest trading volume came at 09:00 UTC, when SOL rejected $195.16 and fell into the $192 range. Volume peaked at 786,000, which was 47% higher than the 24-hour average.
The 60-minute chart showed a drop from $193.73 to $192.53, with short bursts in volume just after 14:00 UTC. These spikes pushed SOL below $192.50 briefly before it found temporary stability. Traders are watching whether SOL can stay above the pivot or if it will revisit lower support levels.
What Traders Are Watching Next
If SOL manages to close above $195 and hold that level, the next resistance zone is seen between $200 and $208. A sustained break above could attract further buying interest.
If it falls below $192.50, it may test $189.25, with $186 as the next level. A move under the $188–$189 zone could open the door to a retest of $183.
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