Fidelity Digital Assets has expanded its cryptocurrency lineup by adding Solana (SOL) trading and custody services across its platforms. The expansion includes retail, institutional, and wealth management channels, positioning Fidelity among the few major financial institutions offering multi-asset crypto exposure. The new addition extends accessibility for millions of users who already trade Bitcoin, Ethereum, and Litecoin through Fidelity Crypto and its institutional platform.
Solana Trading Now Live Across Fidelity Platforms
Fidelity’s Solana support went live on Thursday across several products, including Fidelity Crypto for retail and IRAs, Fidelity Crypto for Wealth Managers, and the firm’s institutional trading suite. The move reflects Fidelity’s continued focus on broadening digital asset services for both individual and professional investors.
The firm’s retail platform, launched in March 2023, allows users to trade major cryptocurrencies with zero commission. However, the platform applies a spread of up to 1% per trade. New users must open a Fidelity Brokerage account to gain access to crypto features, though the service is not yet available in all states.
Besides enhancing accessibility, the update demonstrates Fidelity’s ongoing integration of blockchain technology into its long-term investment framework. The company’s early history in crypto ranging from Bitcoin mining to extensive digital asset research has established it as a pioneer among traditional asset managers entering decentralized finance.
Solana Price Action and Technical Outlook
Following the announcement, Solana recorded a 5.15% daily gain, trading at around $191 with a market capitalization exceeding $104 billion. The token’s trading volume reached over $7 billion within 24 hours, indicating renewed investor interest.
According to analyst Daan Crypto Trades, Solana is consolidating between $170 and $200, maintaining a structure of lower highs and higher lows. The compression pattern suggests that the market is finding balance before its next significant move. Daan emphasized that support near $170–$175 remains critical, while resistance between $195–$200 marks the short-term ceiling.
Source: X
Moreover, analyst AltcoinGordon highlighted that Solana’s weekly chart continues to form an ascending triangle a structure that has historically preceded major breakouts. The long-term resistance zone near $320–$340 remains the key level to watch. Sustained strength above this range could confirm a breakout toward $500.
Source: https://coinpaper.com/11858/fidelity-crypto-adds-solana-as-analysts-target-500-breakout
