Solana (SOL) Eyes $300, But Only If This Critical Support Holds

Solana trades under $190 help as RSI weakens, open curiosity rises, and ETFs drive new curiosity. Analysts watch $300 goal intently.

Solana (SOL) is buying and selling under a key degree that many merchants are watching, because the $190 mark has turn out to be a essential help zone. If the asset stays underneath this degree, upward motion towards $240 or $300 might not materialize.

At press time, the worth sits at round $185 after a 4% decline over the previous day.

$190 Stays a Key Stage

Other than right this moment’s nosedive, SOL has remained largely inside a buying and selling vary previously week, between $180 and $210. Analyst Ali Martinez outlined the aforementioned key help degree, which is presently being examined.

Solana $SOL should maintain $190 as help to have an opportunity at rebounding to $240 and even $300. pic.twitter.com/av5IE99Zw9

— Ali (@ali_charts) October 30, 2025

At the moment, Solana is transferring inside an ascending channel sample. The $190 degree aligns with the decrease space of this channel. Holding this level might help a rebound, whereas a transfer under it will increase the possibility 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 Exhibits Weak point

The Relative Power Index (RSI) is at 42, pointing to slowing momentum. It stays underneath its common worth of 44, which displays continued stress on the worth. RSI values under 50 typically counsel lowered shopping for curiosity.

In the meantime, the MACD studying is exhibiting early adjustments. The MACD line is at -5, and the sign line is at -5. The histogram is barely constructive at 0.5. This setup reveals that the pattern could also be beginning to shift, however there isn’t any sturdy affirmation but from worth motion.

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Futures Market Participation Grows

Open curiosity in Solana futures has reached $10.48 billion. This follows a bounce from latest lows close to $180. Though this degree is under previous highs that have been seen throughout worth rallies above $250, it reveals that extra merchants are coming into the market.

Regardless of 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 approach for Solana to rally till treasury firms begin aggressive shopping for.”

This means restricted institutional demand in the meanwhile.

ETF Launches Draw New Consideration

Solana noticed main exercise within the ETF area. As CryptoPotato reported, the Bitwise Solana Staking ETF (BSOL) recorded $56 million in buying and selling quantity on its first day. This was the best day-one quantity amongst all 850 ETFs launched within the U.S. this 12 months.

Individually, 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.