Could Gemini’s New Solana Credit Card Spark a SOL Price Rally Toward $240?

Jakarta, Pintu News – Solana (SOL) price is trying to recover slowly after experiencing a recent consolidation phase, with the chart starting to show early signs of structural improvement. A potential recovery is taking shape as SOL attempts to break out of its descending channel pattern, while the launch of a Solana-themed credit card by Gemini provides a new positive sentiment for the ecosystem.

Overall, these factors reflect the growing confidence of investors who are looking forward to clearer momentum in the coming trading sessions.

Solana Price Analysis Hints at the Potential for a Big Breakout

According to Coingape, SOL prices have formed a strong foundation around the $183 level after forming a double bottom pattern near $176, signaling a gradual return of buying pressure.

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As seen on the chart, Solana is currently trying to break out of the descending channel that has been limiting its recovery since early October. If it manages to close above the $193.45 level, this will likely push the move towards $209.17 and open up opportunities for further rallies to reach $240.

From the perspective of Solana’s long-term price prediction, reclaiming the $209 level could strengthen the overall bullish structure by turning the previous resistance area into a new support zone.

This breakout pattern is in line with the increasing optimism towards the growth of the Solana ecosystem, which gives traders additional confidence.

However, in case of a rejection around the $193 level or a drop below $176, then this scenario could become invalid and trigger selling pressure again. Hence, maintaining strength above $183 becomes an important key for SOL’s next major upside move.

Gemini’s SOL Credit Card Drives Solana Ecosystem Expansion

Gemini has launched a Solana-themed credit card, which offers up to 4% rewards in SOL tokens for every transaction. The card integrates a blockchain-based rewards system directly into everyday payments, with an auto-staking feature that offers potential returns of up to 6.77%.

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Through Gemini’s Vault Rewards program, users can also earn up to 10% cashback at select merchants, depending on their spending patterns. This initiative is similar to Gemini’s previous XRP card editions, which successfully increased retail participation through cashback incentives.

Furthermore, this edition of Solana also supports over 50 cryptocurrencies and does not charge annual fees or foreign transaction fees. Practical staking features and extensive crypto integration strengthen Solana’s role in bridging digital assets with the mainstream financial system.

In conclusion, the Solana price is still in a promising position for a potential breakout to the upside, provided that the key resistance level is successfully broken. Meanwhile, the launch of Gemini’s SOL credit card reinforces the growth of the ecosystem by expanding the real-world utility of the token.

Sustained buying pressure above the $193 level could push the SOL towards the $240 target and reinforce optimism on its long-term prospects.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Bloworks. Gemini launches Solana credit card with automatic staking rewards. Accessed on October 22, 2025
• Coingape. Solana Price Eyes 240% Recovery as Gemini Launches SOL Reward Credit Card. Accessed on October 22, 2025