Solana News Update: Investors Redirect Attention as Digitap Confronts Solana's Lack of Progress

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Solana News Update: Investors Redirect Attention as Digitap Confronts Solana's Lack of Progress

Bitget-RWA2025/10/26 17:34

By:Bitget-RWA

- Solana (SOL) fluctuates near $192, constrained by $176 support and $200–$210 resistance, with RSI signaling potential downside risks below $185. - Fidelity's SOL listing and $10B TVL growth in DeFi highlight bullish catalysts, but bearish indicators like EMA crossovers persist. - Digitap ($TAP) surges past $1M in presale funding, leveraging utility-driven features like buyback-and-burn and multi-currency tools to attract investors. - Analysts compare TAP's trajectory to Solana's early growth, with presal

Solana (SOL) continues to trade within a pivotal price band as traders consider its strong fundamentals against weak price action. The

Solana

price is currently around $192, just below the significant $200 mark, with technical data providing conflicting signals. The 200-day moving average at $176 serves as a key support, recently bouncing but lacking strong momentum, and resistance between $200 and $210 has repeatedly halted upward movement, as noted in a

CryptoDaily report

. Should the price fall below $185, analysts warn it could slide further toward $160, with the Relative Strength Index (RSI) at a neutral 56, indicating possible further declines. The CryptoDaily article also highlighted ongoing challenges for short-term gains.

On the positive side, Solana has seen a boost from Fidelity’s addition of the asset to its trading platform, making

SOL

available to millions of retail traders and potentially increasing demand near the $200 level, according to an

FXEmpire forecast

. Furthermore, Solana’s DeFi sector has experienced a surge in Total Value Locked (TVL), exceeding $10 billion in 2025, signaling renewed interest from both institutions and individuals, as reported by

Coinotag

. Still, downward pressure remains, with the price recently crossing below the 200-day EMA and crucial support at $175.82 under threat, according to a

Crypto.news analysis

. A drop under $173.43 could push prices down to $150, based on CoinStats analysis, as overall market sentiment stays cautious, a perspective also shared in another

Coinotag analysis

Solana News Update: Investors Redirect Attention as Digitap Confronts Solana's Lack of Progress image 0

Technical reviews of Solana point to a symmetrical triangle breakout above $184, with bulls eyeing the $200–$215 range as a stepping stone to $250, as per a

Coinpedia analysis

. However, the Ichimoku Cloud and MACD indicators remain negative, requiring increased trading volume and a clear breakout to confirm a trend reversal.

Analysts remain split on Solana’s short-term outlook. While its robust network activity and DeFi growth point to long-term strength, immediate momentum is lacking. As both projects approach key turning points, the upcoming weeks will reveal if Solana can reclaim the $200 level.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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