Will Crypto Recover in October? BTC USD Reclaims $110K as Solana SZN Heats Up on Pump.Fun

It was a tough week for BTC USD. The good news is that a positive shift is underway. After a concerning dip, the Bitcoin price steadied, closing with a long lower wick that signals strong buying pressure. The digital gold found support at $108,900 before staging a robust bounce, closing above $110,000.

Right now, BTC USDT is holding firm above $112,000. Amid this refreshing rebound, attention is turning to Solana and one of its key revenue drivers: Pump.fun. The meme coin launchpad remains a hot topic, boosting PUMP and several top Solana meme coins along the way. While SOL USD fluctuates above $200, confidence is building that a surge in Pump.fun activity could ignite a full-blown Solana season.

(Source: BTC USDT, TradingView)

According to Coinglass data, optimism is mounting for Solana to break higher. The long/short ratio exceeds 2 on Binance, reflecting strong trader conviction. This bullish skew is especially encouraging after last week’s slippage, which briefly pushed SOL USDT below $200. What’s more? Trading volume on major perpetual futures exchanges, particularly on Binance and Gate.io, is rising, pointing to renewed trader interest.

(Source: Coinglass)

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Will Crypto Recover in October? BTC USD Blasts Past $112,000

Of course, whether Solana climbs higher and bolsters overall sentiment hinges on a broader market recovery.

Overall, how the Bitcoin price performs will play a pivotal role. Since last week’s pullback, Bitcoin BTC $113,455.48 3.15% Bitcoin BTC Price $113,455.48 3.15% /24h Volume in 24h $40.95B Price 7d Learn more bulls have reclaimed control, stabilizing prices and erasing losses from the latter half of the period.

Market Cap

24h 7d 30d 1y All Time

On the BTC USDT weekly chart, support lies around $107,500, with nearby resistance at $120,000. For buyers to seize the initiative, however, a decisive rollback of last week’s losses is essential, requiring BTC USD to push beyond $115,500.

On X, one analyst argues that despite the recent correction, the next realistic target is $135,000, a milestone he expects by December. He highlights a promising Elliott Wave pattern unfolding, suggesting the next wave could propel Bitcoin sharply higher.

Bitcoin $BTCUSD wave count

$135K by December pic.twitter.com/eG6DhdXKE7

— sheng (@investwithsheng) September 26, 2025

This outlook isn’t far-fetched. Historically, crypto, and Bitcoin in particular, has thrived in October. Over the past 15 years, BTC USD has posted average gains of nearly +30% in 11 of those 15 Octobers.

2 DAYS BEFORE UPTOBER!!! pic.twitter.com/Cx2U0Hid3I

— CryptoGoos (@crypto_goos) September 29, 2025

Even better, an October rally often carries into November, amplifying gains in what traders affectionately call “Moonvember.”

Uptober is just 3 days away.

This is not the time to capitulate. pic.twitter.com/snEbR5vlbT

— Lark Davis (@TheCryptoLark) September 28, 2025

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Solana Season Heating Up: Eyes on Pump.fun

With “Rektember” behind us, closing out the typically brutal month on a sour note with steep losses, diamond-handed HODLers who resisted the urge to sell stand to reap the biggest rewards in October and much of Q4 2025.

Spotlight is squarely on Solana, the go-to blockchain for meme coins, and its flagship launchpad, Pump.fun.

If the recent meme coin mania on Pump.fun is any indication, Solana season is steadily building steam.

Since early August 2025, daily token launches on the platform have trended upward, hitting a peak in early September. In the past 24 hours alone, more than 14,500 new tokens launched, though just 78 meme coins managed to graduate to full deployment.

(Source: Dune)

With more launches, Pump.fun’s revenue ticks higher. To date, the platform has raked in over $858M, including more than $772,000 on September 22.

This surge in meme coin buzz coincides with the release of Project Ascend, which Pump.fun claims will “100X” its ecosystem by making coins “more sustainable and aligned” with their communities.

introducing Project Ascend, a series of updates that will 100x the pump fun ecosystem by making coins more sustainable & aligned with their communities

to start:
– 10x more creator earnings via Dynamic Fees
– 10x faster processing of CTO Creator Fee applications

learn more

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