After a bruising week that tested crypto’s resilience, digital assets are mounting an impressive comeback as the total market capitalization rebounds to $3.91 trillion—up 3.29% in the past 24 hours. The broad recovery sees 95% of the top 100 cryptocurrencies posting gains, with Bitcoin breathing again amid renewed institutional interest and favorable macroeconomic tailwinds.

The recovery in crypto markets aligns perfectly with traditional markets finding their footing. The S&P 500 climbed 0.5%, extending this month’s rally, while the Nasdaq 100 rose nearly 1%, propelled by gains in Nvidia, AppLovin and Microsoft among other tech giants. Gold also hit a record high around $3,826-3,854 per troy ounce, lifting the U.S. Treasury’s holdings of the precious metal past $1 trillion—a signal that safe-haven demand remains robust even as risk assets recover.

However, the broader context remains complex, with the Federal Reserve having cut its benchmark rate by 25 basis points to a range of 4.00%-4.25% at its September meeting. Fed Chair Jerome Powell, though, characterized tariff inflation as potentially being a “one-off” event while warning that “uncertainty around the path of inflation remains high.”

Bitcoin (BTC) price: Bulls keeping the faith

Bitcoin has staged a measured recovery, gaining 1.85% to close at $113,985 after opening the day at $111,923. The flagship cryptocurrency briefly touched $114,309—representing a 2.2% intraday peak—before settling just below that resistance level.

On the technical front, however, Bitcoin’s indicators paint a picture of consolidation rather than conviction.

The Relative Strength Index, or RSI, for BTC is at 52, which sits dead center in neutral territory. This reading tells traders that neither bulls nor bears have decisive control. Think of RSI like a tug-of-war rope; at 50, it’s perfectly balanced. Readings above 70 signal the bulls might be exhausted (overbought), while below 30 suggests bears have overdone it (oversold). At 52, it shows that bulls have wrestled control away from bears—but only slightly—bringing the coin back up from oversold territory.

The Average Directional Index, or ADX, measures trend strength on a scale where anything below 20 means “no clear trend,” 20-25 indicates a trend is forming, and above 25 confirms strong directional movement. At 18, Bitcoin is essentially drifting in a choppy market where neither buying nor selling pressure dominates. This is why you don’t see a clear long-term bullish or bearish trend, and instead the coin has been bouncing sideways for weeks now.

The one bright spot comes from the exponential moving averages or EMAs. These averages give traders a sense of price supports and resistances over short, medium, and long time frames.

At the moment, Bitcoin’s 50-day EMA is trading above the 200-day EMA (visible as the green zone on the chart). This looks good for bulls, since it demonstrates that the average price of Bitcoin over the short term is trading higher than the average price over the long term. But it’s important to note: The gap between these EMAs is closing, reflecting the fact that the price of Bitcoin has been slowly going down more recently and may enter a “death cross” formation in the future unless something changes.

A “death cross” in trading is when the EMA50 (the average price of the last 50 days, or the short-term movement) crosses below the EMA200 (the average price of the last 200 days). Traders read it as increased downside risk and may reduce long exposure or look for short setups, especially if the price stays beneath both EMAs and volume picks up. It is essentially the opposite of a “golden cross” setup, in trader speak, and generally considered a bearish sign.

On Myriad—a prediction market built by Decrypt’s parent company Dastan—traders have placed the odds at 46% that Bitcoin sooner hits $125K than $105K. This market, which has been active since early July, provides a gauge of aggregated sentiment for Bitcoin among these prediction market users.

Less than two weeks ago, these odds were completely reversed, with bettors giving BTC a 71% chance of hitting $125K as recently as September 18. The odds now narrowing reflects the market’s cautious stance despite today’s gains. Seems like not even a 5% bounce to the price of Bitcoin is enough to make these predictors bullish again.

Key Levels:

• Immediate support: $108,000 (recent test level)
• Immediate resistance: $114,309 (today’s high)
• Strong resistance: $117,000 (weekly resistance zone)

Solana (SOL) price: Quiet confidence builds

Solana’s more modest 0.30% gain to $211.58 might seem underwhelming compared to Bitcoin’s move, but the technical setup suggests accumulation beneath the surface.

Over the last 24 hours, Solana is up 3.5%, making it the best performing asset in the top 10 by market cap.

After opening at $210.95, SOL touched $213.58 (a 1.2% intraday spike) before consolidating around the $211 mark—enough to hold above a $113 billion market capitalization.

The RSI at 47 places SOL slightly in bearish territory. After violent swings in recent weeks, this middling RSI could be interpreted by traders as healthy consolidation, especially considering it’s now on the upswing after a heavy dip last week. Solana tested the resistance of a short-term bearish channel, which had been in place throughout the entire month.

The ADX at 27 combined with price holding above both the 50-day and 200-day EMAs, suggests bulls maintain control despite today’s modest gains. When ADX is above 25, day traders often increase position sizes as trends tend to persist. The prices are once again trading on top of the EMA50, which is also a good sign for short-term bulls.

The upcoming SEC decisions on Solana ETF applications, with deadlines starting next month, could serve as that catalyst, with Bloomberg analysts estimating a 90% approval chance. This regulatory clarity could unlock institutional flows similar to what Bitcoin experienced post-ETF approval.

Once again, as with predictions on Bitcoin, users on Myriad aren’t yet feeling the bullish vibes. Myriad predictions place the odds at just 40% that Solana hits a new all-time high price this year above $294. That’s a sharp fall from 65% odds of a new SOL all-time high just over a week ago.

Key Levels:

• Immediate support: $204.82 (today’s low)
• Strong support: $200.00 (psychological level)
• Immediate resistance: $213.58 (channel’s high)
• Strong resistance: $222.00 (0.5 Fibonacci level)