SOL could dip below $200 after failing to hit $220; Check forecast

Key takeaways

  • SOL has dropped below $210 after starting the week bullish.
  • The coin could drop below $200 if the bullish trend fails to gain momentum.

SOL fails to surpass the $220 resistance level

SOL, the native coin of the Solana blockchain, has lost less than 1% of its value in the last 24 hours. At press time, it is trading at $208 per coin.

The negative performance comes after SOL and the broader crypto market had a positive start to the week. SOL rallied to the $215 level on Monday, recovering from the $190 support level it touched on Friday. 

However, SOL failed to build on this momentum, with the $220 resistance level knocking down the price below $210. Its performance aligned with Bitcoin and Ether, with BTC encountering key resistance above $114k. Ether also failed to top the $4,232 resistance level after surging past $4,100 on Monday.

SOL could drop below $200

The SOL/USD 4-hour chart remains bearish and efficient as SOL failed to hit $220. The technical indicators on the 4-hour timeframe remain bullish despite the strong resistance.

The RSI of 52 is above the neutral 50, indicating that SOL is still building a bullish momentum despite the choppy market conditions. The MACD lines are also above the neutral zone, suggesting a bullish bias.

XRP/USD 4H Chart

If the market recovery continues, SOL could look to surge past the $220 resistance level once again. Surpassing this key resistance level would allow SOL to rally towards the $240 zone in the near term. 

On the flipside, if the $220 resistance level holds strong, SOL could drop below the $200 mark for the first time since Sunday. The $190 support level could probably provide a bounce back for SOL. Failure to hold this support level could see SOL drop lower towards the $175 support region.

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Bitcoin and Ethereum ETFs see over $1B in inflows as crypto looks set to stage comeback

  • US-listed Bitcoin and Ethereum spot exchange-traded funds drew more than $1 billion in net inflows on Monday.
  • Ethereum spot ETFs, which had seen five consecutive sessions of outflows, flipped positive with $547 million in net inflows.
  • Bitcoin ETFs also logged strong inflows, with $522 million added across the 12 products.

US-listed Bitcoin and Ethereum spot exchange-traded funds drew more than $1 billion in net inflows on Monday, reversing recent outflow trends and boosting optimism across crypto markets.

The move came as Bitcoin prices rebounded sharply above $114,000, supported by seasonal factors and renewed accumulation by large holders.

Ethereum ETFs lead the rebound

Ethereum spot ETFs, which had seen five consecutive sessions of outflows, flipped positive with $547 million in net inflows, according to SoSoValue.

Fidelity’s Ethereum Fund (FETH) led the gains, drawing $202 million in a single day, followed by BlackRock’s iShares Ethereum Trust (ETHA) at $154 million.

The nine Ethereum ETF products now collectively manage $27.5 billion in assets, equivalent to about 5.4 percent of Ethereum’s circulating market cap.

The turnaround underscores renewed institutional appetite after a weak September.

Bitcoin ETFs see $518 million added

Bitcoin ETFs also logged strong inflows, with $518 million added across the ETFs.

Fidelity’s FBTC drew the largest daily inflow of $299 million, while ARK 21Shares Bitcoin ETF (ARKB) followed with $62 million.

Date IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC BTC Total
22 Sep 2025 0.0 (276.7) 0.0 (52.3) 0.0 0.0 0.0 (9.5) 0.0 (24.6) 0.0 (363.1)
23 Sep 2025 2.5 (75.6) (12.8) (27.9) 10.0 0.0 0.0 0.0 0.0 0.0 0.0 (103.8)
24 Sep 2025 128.9 29.7 24.7 37.7 0.0 0.0 0.0 6.4 0.0 0.0 13.6 241.0
25 Sep 2025 79.7 (114.8) (80.5) (63.0) 0.0 (6.3) 0.0 (10.1) 0.0 (42.9) (15.5) (253.4)
26 Sep 2025 (37.3) (300.4) (23.8) (17.8) 0.0 0.0 0.0 (9.3) 0.0 (17.1) (12.6) (418.3)
29 Sep 2025 (46.6) 298.7 47.2 62.2 35.3 16.5 0.0 30.7 0.0 26.9 47.1 518.0

Most other funds saw net gains, though BlackRock’s iShares Bitcoin Trust (IBIT) posted a modest $46.6 million outflow.

Collectively, Bitcoin ETFs now hold $150 billion in assets under management, representing about 6.6 percent of the cryptocurrency’s total market cap.

Bitcoin price action

Bitcoin extended its recovery into Tuesday, climbing as high as $114,776 in the past 24 hours before easing slightly below $114,000.

The rebound follows a sharp drop below $109,000 last week amid heavy liquidations and quarterly options expiry, which amplified selling pressure.

Market participants pointed to “Uptober” seasonality—October’s historical trend of 20 percent average gains—as a factor lifting sentiment.

On-chain data showing fresh accumulation by so-called whales also supported the move.

Despite renewed momentum in crypto, broader sentiment remained cautious as investors monitored political developments in Washington.

US lawmakers face a Tuesday midnight deadline to strike a funding deal and avert a government shutdown.

Without an agreement, the closure would begin on Wednesday, coinciding with new US tariffs on heavy trucks, pharmaceuticals, and other goods.

Analysts at Bank of America warned that a prolonged shutdown could complicate Federal Reserve policy-making ahead of its October 29 meeting by delaying critical economic data releases, including the September payrolls report.

“If the shutdown lasts beyond the Fed meeting, the Fed will rely on private data for its policy decisions. On the margin, we think this may lower the likelihood of an October cut, but only marginally,” the bank noted.

 

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