Solana

Strong

Million

Coin

<p>Solana witnessed a power grab of 24.5 million SOL tokens at the $189 level, resulting in the buildup of support around that area.</p>
<p>Meanwhile, the cryptocurrency had a wonderful week with an 8.51% uptick over the last seven days, which resulted in testing the $205 level.</p>
<p>At press time, SOL was trading at $201. The gains are further enhanced by a 16% surge in trading volume in the past day, indicating growing investor interest and retail activity.</p>
<h2 class="wp-block-heading" id="h-solana-price-support-at-189-strengthens-amid-24-5-million-buys-at-that-level"><strong>Solana Price Support At $189 Strengthens Amid 24.5 Million Buys At That Level</strong></h2>
<p><a href="https://x.com/ali_charts/status/1983374984178455038" target="_blank" rel="noopener noreferrer nofollow">According to a chart by Ali Martinez,</a> bulls accumulated roughly 24.5 million SOL tokens around the $189 level.</p>
<p>Martinez explained the heavy accumulation signaled strong buying interest and created a psychological anchor for the market.</p>
<p>Whenever large volumes of tokens build up around a single price zone, it often signals that big investors are positioning themselves for the next major move.</p>
<p>What Solana price needs is to hold above the current support and soar past the $210–$220 resistance range.</p>
<p>However, intensifying selling pressure could force the price to slip back to retest the $150–$160 zone before any fresh rally began.</p>
<div class="wp-block-image">
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  <img loading="lazy" width="680" height="383" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/10/image-846.png" alt="">
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   Source: Glassnode
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<h2 class="wp-block-heading" id="h-sol-price-is-heading-for-400-soon"><strong>$SOL Price Is Heading For $400 Soon</strong></h2>
<p>Meanwhile, a large symmetrical triangle has formed on Solana’s chart, and is now approaching a critical point.</p>
<p>Expert analyst Azyra interpreted the setup as a signal for <a href="https://www.thecoinrepublic.com/2025/10/29/first-solana-spot-etf-kicks-off-to-a-healthy-dose-of-liquidity-on-day-1/" rel="noopener noreferrer nofollow">SOL gaining momentum</a> and preparing for a stronger move upwards. In the analysis, the expert suggested a Solana price prediction of $400 based on the technical pattern.</p>
<p>The formation shows two converging trendlines, a strong upper resistance marked in blue and a lower support zone holding firm around $180 to $185.</p>
<p><a href="https://x.com/ali_charts/status/1983374984178455038" target="_blank" rel="noopener noreferrer nofollow">According to the analyst</a>, the structure highlights a long period of consolidation where any dip to the support levels attracts fresh buying pressure that prevents the price from sliding further.</p>
<p>Azyra believes Solana (SOL) could push past the $210–$220 resistance range if it sustains the current support level. Testing this range could activate a price rally to $300 and $418.</p>
<p>However, he cautioned that the outlook would shift if selling pressure begins to rise and Solana could retreat to retest the $150–$160 area before finding its footing again.</p>
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  <img loading="lazy" width="679" height="319" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/10/image-845.png" alt="">
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   SOL price analysis by Azyra
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<h2 class="wp-block-heading" id="h-nasdaq-listed-solana-company-releases-october-sol-holdings-report"><strong>NASDAQ-Listed Solana Company Releases October SOL Holdings Report</strong></h2>
<p>Solana Company (NASDAQ: HSDT) released an update on its Solana (SOL) token and cash reserves as of October 29, 2025.</p>
<p>The firm reported holding more than 2.3 million SOL, marking an increase of about 1 million tokens since the beginning of the month.</p>
<p>In addition, the company holds over $15 million in cash and stablecoins, funds it plans to deploy strategically as part of its expanding digital asset strategy.</p>
<p>During October, Solana Company recorded an average gross staking yield of 7.03% APY, outperforming the top validators’ average by 36 basis points.</p>
<p>According to the company, its goal is to blend disciplined capital management with high on-chain performance.</p>
<p>The strategy, it said, is meant to ensure transparency while offering investors consistent and reliable returns within the fast-growing Solana ecosystem.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/10/29/solana-finds-strong-support-at-189-as-buyers-grab-24-5m-sol/" rel="noopener noreferrer nofollow">Solana Finds Strong Support at $189 as Buyers Grab 24.5M SOL</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Solana Finds Strong Support at $189 as Buyers Grab 24.5M SOL

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