{"id":56081,"date":"2025-10-31T20:18:55","date_gmt":"2025-10-31T20:18:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56081"},"modified":"2025-10-31T20:18:55","modified_gmt":"2025-10-31T20:18:55","slug":"solana-sol-eyes-300-but-only-if-this-critical-support-holds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56081","title":{"rendered":"Solana (SOL) Eyes $300, But Only If This Critical Support Holds"},"content":{"rendered":"<div>\n<p>Solana (SOL) is trading below a key level that many traders are watching, as the $190 mark has become a critical support zone. If the asset remains under this level, upward movement toward $240 or $300 may not materialize.<\/p>\n<p>At press time, the price sits at around $185 after a 4% decline over the past day.<\/p>\n<h2>$190 Remains a Key Level<\/h2>\n<p>Aside from today\u2019s nosedive, SOL has remained mostly within a trading range in the past week, between $180 and $210. Analyst Ali Martinez outlined the aforementioned key support level, which is currently being tested.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Solana <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a> must hold $190 as support to have a chance at rebounding to $240 or even $300. <a href=\"https:\/\/t.co\/av5IE99Zw9\">pic.twitter.com\/av5IE99Zw9<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1983987772579786921?ref_src=twsrc%5Etfw\">October 30, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Currently, Solana is moving within an ascending channel pattern. The $190 level aligns with the lower area of this channel. Holding this point could support a rebound, while a move below it increases the chance of a slide toward $170. A projected path on the chart outlines a possible short-term dip below $190, followed by a bounce.<\/p>\n<h2>Technical Outlook Shows Weakness<\/h2>\n<p>The Relative Strength Index (RSI) is at 42, pointing to slowing momentum. It remains under its average value of 44, which reflects continued pressure on the price. RSI values below 50 generally suggest reduced buying interest.<\/p>\n<figure id=\"attachment_1418268\" aria-describedby=\"caption-attachment-1418268\" style=\"width: 2433px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-1418268\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20.png\" alt=\"Solana (SOL) price chart\" width=\"2433\" height=\"1195\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20.png 2433w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-300x147.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-1024x503.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-768x377.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-1536x754.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-2048x1006.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-90x44.png 90w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-150x74.png 150w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-2000x982.png 2000w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-1600x786.png 1600w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-1400x688.png 1400w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-1200x589.png 1200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-1000x491.png 1000w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-900x442.png 900w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-800x393.png 800w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-700x344.png 700w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-600x295.png 600w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-500x246.png 500w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-400x196.png 400w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-200x98.png 200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/SOLUSDT_2025-10-31_10-08-20-100x49.png 100w\" sizes=\"(max-width: 2433px) 100vw, 2433px\"><\/a><figcaption id=\"caption-attachment-1418268\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>Meanwhile, the MACD reading is showing early changes. The MACD line is at -5, and the signal line is at -5. The histogram is slightly positive at 0.5. This setup shows that the trend may be starting to shift, but there is no strong confirmation yet from price action.<\/p>\n<h2>Futures Market Participation Grows<\/h2>\n<p>Open interest in Solana futures has reached $10.48 billion. This follows a bounce from recent lows near $180. Although this level is below past highs that were seen during price rallies above $250, it shows that more traders are entering the market.<\/p>\n<figure id=\"attachment_1418267\" aria-describedby=\"caption-attachment-1418267\" style=\"width: 2460px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1418267\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49.png\" alt=\"Solana (SOL) open interest\" width=\"2460\" height=\"1036\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49.png 2460w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-300x126.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-1024x431.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-768x323.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-1536x647.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-2048x862.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-90x38.png 90w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-150x63.png 150w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-2000x842.png 2000w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-1600x674.png 1600w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-1400x590.png 1400w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-1200x505.png 1200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-1000x421.png 1000w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-900x379.png 900w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-800x337.png 800w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-700x295.png 700w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-600x253.png 600w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-500x211.png 500w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-400x168.png 400w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-200x84.png 200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-at-10.23.49-100x42.png 100w\" sizes=\"auto, (max-width: 2460px) 100vw, 2460px\"><\/a><figcaption id=\"caption-attachment-1418267\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p>Despite the increase, not all analysts are optimistic. Ted Pillows <a href=\"https:\/\/x.com\/TedPillows\/status\/1983880062639231136\">noted<\/a>,<\/p>\n<blockquote>\n<p>\u201cSolana treasury companies are performing even worse than Ethereum treasury companies\u2026 I don\u2019t see a way for Solana to rally until treasury companies start aggressive buying.\u201d<\/p>\n<\/blockquote>\n<p>This suggests limited institutional demand at the moment.<\/p>\n<h2>ETF Launches Draw New Attention<\/h2>\n<p>Solana saw major activity in the ETF space. As CryptoPotato <a href=\"https:\/\/cryptopotato.com\/bsol-etf-crushes-xrp-debut-with-record-56m-first-day-volume\/\">reported<\/a>, the Bitwise Solana Staking ETF (BSOL) recorded $56 million in trading volume on its first day. This was the highest day-one volume among all 850 ETFs launched in the U.S. this year.<\/p>\n<p>Separately, a spot Solana ETF has <a href=\"https:\/\/cryptopotato.com\/spot-solana-sol-etf-gets-regulatory-green-light-in-hong-kong\/\">gained<\/a> regulatory approval in Hong Kong. These new investment products are giving broader access to Solana and may attract capital from traditional markets going forward.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/solana-sol-eyes-300-but-only-if-this-critical-support-holds\/\">Solana (SOL) Eyes $300, But Only If This Critical Support Holds<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana (SOL) is trading below a key level that many traders are watching, as the $190 mark has become a critical support zone. If the asset remains under this level, upward movement toward $240 or $300 may not materialize. At press time, the price sits at around $185 after a 4% decline over the past [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-56081","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56081"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56081\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}