Solana Price Forecast: Is the Market Exaggerating Fidelity’s Expansion into Solana?
Fidelity recently added Solana to one of Wall Street’s major brokerage offerings, yet some traders are advising caution – here’s the outlook for Solana’s price.
As of October 23, Fidelity announced the availability of Solana (SOL) for clients on its crypto asset platforms.
On October 23, 2025, Fidelity incorporated Solana into its cryptocurrency collection, which already included Bitcoin, ETH, and Litecoin.
Fidelity Digital Assets® has now integrated @solana for custody and trading.
Probably nothing.
SOL season.
— Teddy Fusaro (@teddyfuse) October 23, 2025
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The firm emphasizes its institutional-grade offerings, including audited custody, insurance safety, and regulated settlement processes, as it aims to build confidence with both institutional and individual investors.
This timing aligns with the rising volume of Solana within the tokenization and available volume scenes.
The swift transaction speeds and an influx of developers have kept the spotlight on the protocol, although market analysts have observed a rise in derivatives data indicating more leveraged trades.
However, some remain skeptical due to the historical challenges of the Solana platform, which pose significant risks.
In the meantime, it is clear that Fidelity’s introduction of SOL marks another stride toward broader acceptance.
The dynamics of trader trust and crypto market sentiment, coupled with the project’s high adoption rate and volatile history, will influence whether Solana can sustain its recent upward momentum.
Following the announcement, Solana traded close to $190 on Friday.
This new listing allows all Fidelity retail, IRA, wealth management, and institutional platforms to trade SOL, placing it alongside other leading cryptocurrencies.
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Solana Price Forecast: Indicates Solana’s Price Stabilization a Signal of Resilience or a Precursor to a Decline?
As per CoinGecko data, Solana traded between $189 and $191 over the past 24 hours, boasting a market cap of about $104 billion. The price saw an increase of around 5.5% following its listing.
CoinGlass indicated an open interest slightly under $9 billion with a daily futures volume exceeding $20 billion, displaying a significant rise in leveraged trading activity.
Experts noted that the rise signified traders organizing themselves around the announcement rather than a prolonged upward movement.
Crypto expert Daan Crypto observed that volatility has eased since the rapid move on October 10, with prices now settling between critical base level at $170–$175 and price ceiling around $195-$200.
Currently, Solana’s immediate direction hinges on maintaining above the price floor or encountering renewed selling pressure near the upper threshold.
Daan’s latest chart analysis shows Solana (SOL) consistently trading near its 200-day Moving Average (MA) and Exponential Moving Average (EMA), metrics that frequently indicate long-term momentum.
$SOL Gradually tracking along its Daily 200MA/EMA.
Lower highs coupled with higher lows illustrate a price compression. This trend is generally observed after a significant movement like the one on October 10.
Falling volatility indicates the trading market is seeking balance. Subsequently, watch for the next… pic.twitter.com/KJmJDC613y
— Daan Crypto Trades (@DaanCrypto) October 23, 2025
The price behavior displays lower peaks and higher bottoms, reflecting compression as market fluctuation diminishes post earlier advances.
Recent price action indicates SOL is attempting to stabilize within the $175–$180 range, where the 200-day MA has consistently acted as vital price floor.
This level has successfully held multiple times this month, establishing a short-term foundation.
Daan emphasized that Solana “must maintain the $170–$175 range as support,” warning that a drop below could instigate more downward pressure.
On the upside, barrier level stays robust around $195–$200, close to the 200-day EMA and the neckline of a small potential double-bottom pattern.
A decisive breach above this point could pave the way for a move toward $210–$215, an area that previously experienced significant selling earlier in October.
Trading volumes have diminished in recent days, supporting Daan’s observation that price swings is receding as Solana’s price seeks equilibrium.
Currently, Solana is caught in a neutral area. Its long-term moving averages are leveling off after a period of consistent increases, indicating that momentum has temporarily stalled.
The next significant action, either a breakthrough beyond $200 or a drop below $175, will likely shape the future trajectory: new highs or a deeper retreat.
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The article Solana Price Projection: Is the Trading market Overreacting to Fidelity’s Expansion of Solana? first appeared on 99Bitcoins.
