Will Cryptocurrency Bounce Back in October? Bitcoin USD Regains $110K as Solana Season Intensifies on Bull run.Fun
It has been a challenging week for Bitcoin USD. The positive aspect is that a shift in trend is happening. Following a troubling downturn, the BTC price stabilized, closing with a long lower wick indicating significant buying interest. The digital gold found its footing at $108,900 before making a strong recovery, finishing above $110,000.
Currently, Bitcoin USDT remains steady above $112,000. During this encouraging rebound, the spotlight is shifting to Solana and its pivotal revenue generator: Price surge.fun. This meme token launchpad has become a lively subject of discussion, enhancing BULL RUN and various top Solana meme coins in the process. While SOL USD sways above $200, there is growing confidence that increased activity on Bull run.fun could trigger a full-scale Solana season.
(Source: BTC USDT, TradingView)
As per Coinglass statistics, there is rising optimism for Solana to move higher. The long/short ratio on Binance is over 2, demonstrating robust crypto holder confidence. This bullish tilt is particularly encouraging following last week’s slip, which momentarily dipped SOL USDT below $200. Moreover, trading volumes on major perpetual futures exchanges, especially on Binance and Gate.io, are increasing, indicating renewed trader
