Finance

Fidelity Adds Solana: Will Institutional Adoption Fuel SOL’s Ascent or Face Network Outage Risks?

Fidelity added Solana to its crypto platforms, causing SOL’s price to jump and enter a consolidation phase.

byAndres Castro

October 23, 2025, 10:51 PM

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Executive Summary

Fidelity has expanded its cryptocurrency offerings by adding Solana (SOL) to its retail, IRA, wealth, and institutional client platforms, effective October 23, 2025.

Solana’s price reacted positively to the announcement, increasing approximately 5.5% to near $190, driven by its rapid transaction speeds and growing ecosystem, despite historical network outages and increased speculative activity.

Solana is currently in a price consolidation phase, trading between key support at $170–$175 and resistance at $195–$200, with its long-term moving averages flattening, indicating a pause in momentum.

The Story So Far

Fidelity, a major financial institution, is expanding its cryptocurrency offerings to include Solana, emphasizing institutional standards like audited custody and insurance to build trust among investors in the digital asset space. This move highlights Solana’s growing presence in tokenization and liquidity markets, driven by its rapid transaction speeds and expanding developer ecosystem, even as it navigates a history of network outages and increasing speculative activity.

Why This Matters

Fidelity’s decision to integrate Solana into its platforms for a wide range of clients, from retail to institutional, marks a significant stride toward mainstream institutional acceptance of the high-speed cryptocurrency. This move is poised to substantially enhance Solana’s legitimacy and accessibility, potentially driving new investment and adoption, while simultaneously highlighting the ongoing imperative for the network to address its historical reliability issues amidst increasing speculative interest.

Who Thinks What?

Fidelity views Solana as a valuable addition to its crypto platforms, expanding its offerings for retail and institutional clients while emphasizing institutional standards like audited custody and insurance to build trust in digital assets.

Some market analysts express caution regarding Solana, citing its history of network outages as a significant risk factor and noting the increase in leveraged bets on SOL as a sign of rising speculative activity.

Crypto analyst Daan Crypto observes that Solana’s price is currently consolidating between key support levels at $170–$175 and resistance near $195–$200, indicating a period of compression and suggesting that a decisive move above or below these levels will determine its next trajectory.

Fidelity has expanded its cryptocurrency offerings by adding Solana (SOL) to its crypto platforms, effective October 23, 2025. This move makes SOL accessible to Fidelity’s retail, IRA, wealth, and institutional clients, placing it alongside existing supported assets like Bitcoin, Ethereum, and Litecoin. Following the announcement, Solana’s price reacted positively, trading near $190 and seeing an approximate 5.5% increase.

The financial giant continues to emphasize its institutional standards, including audited custody, insurance coverage, and controlled settlement mechanisms. These measures are designed to build trust among both professional and retail investors as the company grows its digital asset services.

The integration coincides with Solana’s increasing presence in the tokenization and liquidity markets. The network has maintained a high profile due to its rapid transaction speeds and a growing ecosystem of developers, attracting significant market attention.

Despite its recent growth, some market analysts point to Solana’s history of network outages as a significant risk factor. Additionally, derivatives statistics indicate a rising number of leveraged bets on SOL, suggesting increased speculative activity.

Immediately after the listing, Solana’s price was observed trading between $189 and $191, pushing its market capitalization to approximately $104 billion. CoinGlass reported open interest just under $9 billion and a daily futures volume exceeding $20 billion, reflecting a sharp uptick in leveraged trading.

Price Consolidation and Analyst Outlook

Crypto analyst Daan Crypto noted a cooling of volatility since a sharp move on October 10, with Solana’s price now compressing. SOL is currently trading between key support levels at $170–$175 and resistance near $195–$200.

According to Daan’s analysis, Solana continues to hover around its 200-day Moving Average (MA) and Exponential Moving Average (EMA), which are crucial indicators for long-term momentum. The price pattern shows lower highs and higher lows, indicating a period of compression.

The $175–$180 zone, where the 200-day MA has repeatedly acted as support, has held several times this month, forming a short-term base. Daan highlighted the importance of Solana maintaining this $170–$175 area to avoid further downside pressure.

Conversely, strong resistance is observed around $195–$200, near the 200-day EMA and the neckline of a potential double-bottom setup. A decisive break above this level could pave the way for a rally towards $210–$215, a zone that previously saw heavy selling.

Market Trajectory

Currently, Solana remains in a neutral trading zone, with its long-term moving averages flattening after months of gains, indicating a pause in momentum. The next significant price action, either a break above $200 or a drop below $175, is expected to determine whether the asset will push towards new highs or experience a deeper pullback.