Solana witnessed a power grab of 24.5 million SOL tokens at the $189 level, resulting in the buildup of support around that area.
Meanwhile, the cryptocurrency had a wonderful week with an 8.51% uptick over the last seven days, which resulted in testing the $205 level.
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.
Solana Price Support At $189 Strengthens Amid 24.5 Million Buys At That Level
According to a chart by Ali Martinez, bulls accumulated roughly 24.5 million SOL tokens around the $189 level.
Martinez explained the heavy accumulation signaled strong buying interest and created a psychological anchor for the market.
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.
What Solana price needs is to hold above the current support and soar past the $210–$220 resistance range.
However, intensifying selling pressure could force the price to slip back to retest the $150–$160 zone before any fresh rally began.
$SOL Price Is Heading For $400 Soon
Meanwhile, a large symmetrical triangle has formed on Solana’s chart, and is now approaching a critical point.
Expert analyst Azyra interpreted the setup as a signal for SOL gaining momentum and preparing for a stronger move upwards. In the analysis, the expert suggested a Solana price prediction of $400 based on the technical pattern.
The formation shows two converging trendlines, a strong upper resistance marked in blue and a lower support zone holding firm around $180 to $185.
According to the analyst, 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.
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.
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.
NASDAQ-Listed Solana Company Releases October SOL Holdings Report
Solana Company (NASDAQ: HSDT) released an update on its Solana (SOL) token and cash reserves as of October 29, 2025.
The firm reported holding more than 2.3 million SOL, marking an increase of about 1 million tokens since the beginning of the month.
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.
During October, Solana Company recorded an average gross staking yield of 7.03% APY, outperforming the top validators’ average by 36 basis points.
According to the company, its goal is to blend disciplined capital management with high on-chain performance.
The strategy, it said, is meant to ensure transparency while offering investors consistent and reliable returns within the fast-growing Solana ecosystem.
Source: https://www.thecoinrepublic.com/2025/10/29/solana-finds-strong-support-at-189-as-buyers-grab-24-5m-sol/
