Solana (SOL) Eyes $300, But Only If This Critical Support Holds
Solana (SOL) is buying and selling under a key degree that many merchants are watching, because the $190 mark has change into a vital assist zone. If the asset stays underneath this degree, upward motion towards $240 or $300 might not materialize.
At press time, the value sits at round $185 after a 4% decline over the previous day.
$190 Remains a Key Level
Aside from as we speak’s nosedive, SOL has remained largely inside a buying and selling vary up to now week, between $180 and $210. Analyst Ali Martinez outlined the aforementioned key assist degree, which is presently being examined.
Solana $SOL should maintain $190 as assist to have an opportunity at rebounding to $240 and even $300. pic.twitter.com/av5IE99Zw9
— Ali (@ali_charts) October 30, 2025
Currently, Solana is transferring inside an ascending channel sample. The $190 degree aligns with the decrease space of this channel. Holding this level might assist a rebound, whereas a transfer under it will increase the prospect of a slide towards $170. A projected path on the chart outlines a attainable short-term dip under $190, adopted by a bounce.
Technical Outlook Shows Weakness
The Relative Strength Index (RSI) is at 42, pointing to slowing momentum. It stays underneath its common worth of 44, which displays continued stress on the value. RSI values under 50 usually recommend diminished shopping for curiosity.
Meanwhile, the MACD studying is exhibiting early adjustments. The MACD line is at -5, and the sign line is at -5. The histogram is barely optimistic at 0.5. This setup exhibits that the development could also be beginning to shift, however there isn’t a robust affirmation but from worth motion.
Futures Market Participation Grows
Open curiosity in Solana futures has reached $10.48 billion. This follows a bounce from latest lows close to $180. Although this degree is under previous highs that have been seen throughout worth rallies above $250, it exhibits that extra merchants are getting into the market.
Despite the rise, not all analysts are optimistic. Ted Pillows noted,
“Solana treasury firms are performing even worse than Ethereum treasury firms… I don’t see a manner for Solana to rally till treasury firms begin aggressive shopping for.”
This suggests restricted institutional demand in the meanwhile.
ETF Launches Draw New Attention
Solana noticed main exercise within the ETF house. As CryptoPotato reported, the Bitwise Solana Staking ETF (BSOL) recorded $56 million in buying and selling quantity on its first day. This was the very best day-one quantity amongst all 850 ETFs launched within the U.S. this yr.
Separately, a spot Solana ETF has gained regulatory approval in Hong Kong. These new funding merchandise are giving broader entry to Solana and will appeal to capital from conventional markets going ahead.
The submit Solana (SOL) Eyes $300, But Only If This Critical Support Holds appeared first on CryptoPotato.
