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As of October 30, 2025, SOL's latest trading price fluctuated around US$194.27, with a highest hitting US$201.70 and a lowest falling to US$189.37 within 24 hours, with the market value remaining at US$106.87 billion. After experiencing a correction from around $210 in mid-October, the currency is now in a critical long-short game stage. Its short-term trend is closely related to the persistence of support levels, breakthroughs in resistance levels, and market capital trends.  SOL's current core support level is focused around $195. The price has tested resilience in this range many times before, while the deeper support range is between $174 and $175. In terms of resistance, US$205 has become a key node in the short term. If it can stabilize at this price, it is expected to gradually advance to US$215, US$222 and US$227, and further touch the resistance area of 220-230 US dollars. It is worth noting that data on October 30 showed that an ancient whale transferred 200,000 SOL worth US$40 million to Coinbase Prime, and traders also opened nearly US$100 million in SOL leveraged long positions. This type of large capital movement provided certain support for the price.  In terms of trading volume, SOL's recent 24-hour trading volume reached US$7.06 billion, with daily trading volume increasing by 4%, and the open interest volume of the Chicago Mercantile Exchange's SOL futures contract reached a record high of 15,600 contracts. This level of trading volume reflects the gradual increase in the participation of retail investors and institutions. The Nasdaq-listed Solana Company has also increased its holdings of approximately 1 million SOLs in the past two weeks, and its current holdings have exceeded 2.3 million. The continued deployment of institutions has also enhanced market liquidity. At the technical and ecological level, Solana's upcoming Alpenglow upgrade has received an approval rate of 99.6%. After the upgrade, the transaction confirmation time will be shortened to 150 milliseconds. At the same time, its 30-day transaction volume in the DeFi field has reached 129 billion US dollars, surpassing Ethereum's data for the same period. However, we need to be wary of risks. If the $195 support level falls, the price may drop further, and the proportion of transactions related to daily real user activity on the chain is not high, which may also affect price stability. Overall, the key to SOL's short-term trend is whether it can break through the $205 resistance level. If the breakthrough is effective, there is a high probability of opening an upward channel to the $220-$230 range. ； If the support level falls, you need to be alert to the risk of a correction. Investors can focus on price breakthrough signals and trading volume changes to grasp market trends. That’s it for today’s article. We are currently in a bull market and the situation is turbulent. We share passwords every day. If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us.  |
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