Solana (SOL) Eyes $300, But Only If This Critical Support Holds

Solana (SOL) is trading below a key level that many traders are watching, as the $190 mark has become a critical support ￰0￱ the asset remains under this level, upward movement toward $240 or $300 may not ￰1￱ press time, the price sits at around $185 after a 4% decline over the past day. $190 Remains a Key Level Aside from today’s 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 ￰2￱ $SOL must hold $190 as support to have a chance at rebounding to $240 or even $300. pic. twitter.

com/av5IE99Zw9 — Ali (@ali_charts) October 30, 2025 Currently, Solana is moving within an ascending channel ￰3￱ $190 level aligns with the lower area of this ￰4￱ 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 ￰5￱ Outlook Shows Weakness The Relative Strength Index (RSI) is at 42, pointing to slowing ￰6￱ remains under its average value of 44, which reflects continued pressure on the ￰7￱ values below 50 generally suggest reduced buying interest.) recorded $56 million in trading volume on its first ￰8￱ was the highest day-one volume among all 850 ETFs launched in the ￰9￱ year.

Separately, a spot Solana ETF has gained regulatory approval in Hong ￰10￱ new investment products are giving broader access to Solana and may attract capital from traditional markets going forward.