Solana found strong support at 189 USD after 24.5 million SOL were accumulated.

Solana has just witnessed a strong buying wave with 24.5 million SOL tokens accumulated at a price of 189 USD, forming a solid support base around this area and reinforcing confidence for the upcoming bullish trend.

In the past week, SOL has taken investors on a rollercoaster ride as it tested the 205 USD threshold. However, SOL then dropped below 190 USD and is currently trading at 196 USD.

SOL price chart | Source: CoinphotonAccording to expert analysis by Ali Martinez, strong buying power has helped investors accumulate around 24.5 million SOL around the price level of $189. Martinez noted that this large-scale accumulation not only reflects market confidence but also creates an important psychological support point, helping SOL price remain stable.

Typically, when a large amount of tokens is purchased at a certain price level, it is a sign that major investors are preparing for significant upcoming fluctuations. To maintain the upward trend, Solana needs to hold above the current support level and break through the resistance threshold of 210 USD–220 USD.

Source: GlassnodeConversely, if selling pressure increases, the price may drop to retest the 150 USD–160 USD range before starting a new rally.

The price of SOL could reach 400 USD in the near future.

On the technical chart, Solana is forming a large symmetrical triangle and is preparing to enter a decisive phase. Analyst Azyra believes this is a signal that SOL is accumulating momentum for a strong breakout. Based on this model, Azyra forecasts that the price of SOL could reach 400 USD in the near future.

Azyra's SOL price analysisThe symmetrical triangle pattern shows two converging trend lines, with a strong resistance level above marked in blue and a support area below fluctuating around 180 USD–185 USD. According to Azyra, this prolonged accumulation helps each time the price drops to the support area attract new buying force, preventing the risk of a deeper decline.

If Solana maintains the current support zone, the coin has the potential to break through the resistance level of 210 USD–220 USD, opening up opportunities for a price increase to the levels of 300 USD and 418 USD. However, Azyra also notes that if selling pressure increases, the price of SOL may have to return to test the 150 USD–160 USD zone before establishing a new upward trend.

Solana Company announces SOL holding report for October

Solana Company (NASDAQ: HSDT) has just released an update report on the number of SOL tokens and cash reserves as of 29/10/2025. Accordingly, this company currently holds over 2.3 million SOL, an increase of about 1 million tokens compared to the beginning of the month.

In addition, the company also holds over 15 million USD in cash and stablecoins, which are expected to be used strategically to expand digital asset investment activities. In October, Solana Company achieved an average staking yield of 7.03% APY, surpassing the average of top validators by 36 basis points.

The company representative stated that the goal is to combine effective capital management with on-chain performance optimization, ensuring transparency and providing stable, reliable returns for investors in the rapidly growing Solana ecosystem.

Mr. Teacher