Fidelity Crypto Adds Solana as Analysts Target $500 Breakout

Fidelity Digital Assets has expanded its cryptocurrency lineup by adding Solana (SOL) trading and custody services across its ￰0￱ expansion includes retail, institutional, and wealth management channels, positioning Fidelity among the few major financial institutions offering multi-asset crypto ￰1￱ new addition extends accessibility for millions of users who already trade Bitcoin, Ethereum, and Litecoin through Fidelity Crypto and its institutional ￰2￱ 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 ￰3￱ move reflects Fidelity’s continued focus on broadening digital asset services for both individual and professional ￰4￱ 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 ￰5￱ users must open a Fidelity Brokerage account to gain access to crypto features, though the service is not yet available in all ￰6￱ enhancing accessibility, the update demonstrates Fidelity’s ongoing integration of blockchain technology into its long-term investment ￰7￱ 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 ￰8￱ 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 ￰9￱ token’s trading volume reached over $7 billion within 24 hours, indicating renewed investor ￰10￱ to analyst Daan Crypto Trades, Solana is consolidating between $170 and $200, maintaining a structure of lower highs and higher ￰11￱ compression pattern suggests that the market is finding balance before its next significant ￰12￱ emphasized that support near $170–$175 remains critical, while resistance between $195–$200 marks the short-term ceiling.