Fidelity just put Solana on one of Wall Street’s biggest brokerage menus, but some traders see reasons for caution – here’s the Solana price prediction.
As of Oct. 23, Fidelity made Solana (SOL) available to clients across its crypto platforms.
Fidelity added Solana to its crypto lineup on October 23, 2025, expanding its list of supported assets to Bitcoin, Ethereum, and Litecoin.
Fidelity Digital Assets® now supports @solana for custody and trading.
Probably nothing.
SOL season.
— Teddy Fusaro (@teddyfuse) October 23, 2025
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Could Fidelity’s Support Push Solana Toward a More Stable Market Phase?
The company continues to promote its institutional standards, such as audited custody, insurance coverage, and controlled settlement mechanisms, as it develops trust among both professional and retail customers.
The time coincides with the increasing number of Solana in the tokenization and liquidity markets.
The rapid pace of transactions and a growing number of developers have kept the network in the spotlight, even as market analysts note that derivatives statistics indicate an increasing number of leveraged bets.
A few are still doubting the history of Solana network failures being one of the major risk factors.
In the meantime, it is evident that the introduction of SOL by Fidelity is yet another step towards mainstream recognition.
The relationship between investor confidence and the market, as well as the high adoption and volatility history of the project, will determine whether Solana can continue its recent rally.
The announcement saw Solana trade at close to $190 on Friday.
The initial new listing makes trading available to all Fidelity retail, IRA, wealth, and institutional platforms, putting SOL in the same bracket as the rest of the leading cryptocurrencies.
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Solana Price Prediction: Is Solana’s Price Consolidation a Sign of Strength or a Pause Before a Drop?
According to CoinGecko data, Solana was changing hands between $189 and $191 during the last 24 hours, with a market cap of approximately $104 billion. The price increased by about 5.5% following the listing.
CoinGlass reported an open interest of just below $9Bn and a daily futures volume of above $20 billion, reflecting a sharp increase in leveraged activity.
(Source: Coinglass)
Analysts said the surge indicated that traders were positioning themselves around the announcement rather than a sustained breakout.
Crypto analyst Daan Crypto noted that volatility has cooled since the sharp move on October 10, with the price now compressing between key support at $170–$175 and resistance near $195-$200.
For now, Solana’s short-term trend depends on whether it can hold above support or face renewed selling near the upper band.
According to Daan’s latest chart, Solana (SOL) continues to trade around its 200-day Moving Average (MA) and Exponential Moving Average (EMA), two indicators that often define long-term momentum.
$SOL Slowly moving along its Daily 200MA/EMA.
Lower highs and higher lows with price compressing. This is generally what you see after a big move like the 10th of October.
Volatility slowly comes down as the market finds an equilibrium. From there, you can look for the next… pic.twitter.com/KJmJDC613y
— Daan Crypto Trades (@DaanCrypto) October 23, 2025
The price pattern exhibits lower highs and higher lows, indicating compression as volatility subsides following earlier gains.
Recent candles suggest SOL is trying to steady near the $175–$180 zone, where the 200-day MA has repeatedly acted as a key support.
This range has held several times this month, marking a short-term base.
Daan highlighted that Solana “needs to hold on to that $170–$175 area as support,” noting that a breakdown below could trigger further downside pressure.
On the upside, resistance remains strong around $195–$200 near the 200-day EMA and the neckline of what appears to be a small double-bottom setup.
A clean break above this level could clear the way toward $210–$215, an area that previously saw heavy selling earlier in October.
Trading volumes have eased in recent sessions, matching Daan’s note that volatility is cooling as Solana’s price settles into balance.
At the moment, Solana is stuck in a neutral zone. Its long-term moving averages are flattening after months of steady gains, showing that momentum has paused.
The next key move, a break above $200 or a drop below $175, will likely set the tone for what comes next: a push toward new highs or a deeper pullback.
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