SOL Steadies Around $190 as Anticipation Builds for Solana’s Major Announcement Tomorrow
Solana (SOL) is currently stabilizing around $190, creating anticipation among investors for a forthcoming major announcement on October 20, 2025. The excitement stems from a recent teaser posted on the project’s official X account, which showcased glowing cards accompanied by a payment chime. This has led to speculation regarding a possible Solana-branded debit or credit card, potentially transforming the project’s role in blockchain payments.
Solana’s Accumulation Phase
According to CryptoPulse, Solana has established a key accumulation zone between $175 and $200. The daily trading chart indicates strong buying activity, with the asset frequently bouncing back from lower wicks near $182. This behavior highlights a robust support level, drawing in numerous buyers.
- Key support zone: $175 – $200
- Strong demand indicated by consistent rebounds near $182
- Potential breakout target: $270–$280
Institutional interest is rising, bolstered by ETF approvals that contribute to Solana’s bullish trajectory. The growing attention from major funds positions Solana as a formidable competitor to Ethereum, thanks to its expanding developer community and lower transaction costs. This ongoing trend reinforces long-term confidence in the network.
Market Sentiment and Short-term Forecast
While the overall sentiment appears positive, expert Crypto Tony warns of a potential short-term dip. He predicts that SOL might fall to the $155–$160 range in the coming weeks after testing resistance at $192.
- Short-term correction could occur, allowing for reaccumulation
- Previous accumulation zones could present buying opportunities
Corrections are typical during sustained uptrends and may facilitate a momentum reset before the next upward movement. As of now, Solana is trading at $189.91, reflecting a 2.64% daily increase and a 4.58% improvement over the past week. The current market capitalization exceeds $103 billion, showcasing continued investor participation in the asset.
