Solana expands horizons: a listing on Fidelity and a Gemini credit card push the price toward $200

The morning trading pushed SOL to $195, but the momentum waned and the asset fluctuated between $191-194 all day, as if pulling the bowstring before the throw.

Financial giant Fidelity added the token to its list of tools for retail clients, expanding the project's audience. At the same time, Gemini launched a credit card with up to 4% cashback in SOL, reinforcing the real-world use of the coin and supporting demand.

The technical picture is built around two zones. The $188-$189 volume cluster plays the role of a stable "floor". From above, sellers are defending $195-197. A solid close of the day above $200 will open the target of $208-214, while a fall below $188 will increase the risk of a pullback to $183-180.

According to CoinDesk Research, transaction volume peaked at 09:00 UTC when the price bounced from $195.16 to $192.50: 786,000 contracts in an hour, nearly 50% above the average line. Turnover later returned to a typical 530,000, emphasizing consolidation.

On-chain analysts note that about a quarter of SOL turnover is concentrated in the $186-$190 range. Such "slides" often become strong support, reducing supply.

The new Gemini card gives 3% in SOL for restaurants, 2% for groceries, and 1% for other purchases; rewards can be steamed right away. This scheme turns everyday spending into a channel for token inflows and reduces sales pressure.

The CoinDesk 5 Index simultaneously rose to 1,958 points, while SOL added 2.7 percent. Analysts interpret the pullback as an early signal of confidence in the network's innovation.

Network traffic is impressive, with the number of daily unique users holding above one and a half million, and the average transaction confirmation taking about half a second. The developers emphasize that fresh protocol optimization reduces block skips and strengthens load tolerance.

Investors are also watching the macro backdrop. The nearest report on inflation in the U.S. is able to increase volatility: soft figures will promote the demand for risk, while hard figures will cool down. While the 190$ area is held, pullbacks are perceived as an opportunity to buy, and many participants are more important to watch whether the price will finally manage to turn 195$ from a ceiling into a growth step.

Steak yields are holding around 6% per annum. With a steady influx of users, the supply of SOLs in the markets shrinks, making the price sensitive to large purchases.

Some traders have already bought options with a $220 strike for December, counting on a winter reversal. A break above $200 could force bearish positions to close urgently and strengthen the upside momentum.