Key takeaways:
BNB, SOL, and DOGE are experiencing robust “Uptober” momentum, with target prices of $1,480, $250, and $0.31, respectively.
A failure to maintain crucial trendlines may lead to a pullback for BNB down to $835.
BNB (BNB), Solana (SOL), and Dogecoin (DOGE) kicked off October positively, mirroring broader gains in the crypto market as excitement around “Uptober” grows.
Can these major altcoins continue to rise through the month?
BNB may surge over 38% in the best-case scenario
BNB has climbed nearly 6% so far this month, reaching about $1,065 on Thursday.
This increase is part of a broader recovery that began after testing the 20-day exponential moving average (20-day EMA; the green wave) at around $1,000 as support. Historical rebounds from this support have led to significant gains.
BNB’s upward trend is occurring within a larger ascending channel pattern. If this trend continues, the token could rise toward $1,130, a 6.75% increase from current levels in October, coinciding with the 1.618 Fibonacci retracement level.
This target aligns with insights shared by trader MisterSpread, based on BNB’s existing inverse-head-and-shoulders (IH&S) pattern.
BNB’s rebound over the past two weeks has helped it convert a significant weekly resistance level into support at approximately $992, which coincides with its 1.618 Fib retracement line.
Consistent momentum above $992 will likely push BNB to test the 2.618 Fib line at around $1,480 either in October or November, representing a 38.50% increase from current prices.
On the other hand, falling below $992 may lead BNB to the 20-week EMA (the green wave) near $835, a drop of 20.75% from current levels.
SOL could rise to $250 next
Solana has increased 9% in October, hitting approximately $227.50 on Thursday, and its current setup enhances the likelihood of reaching $250 shortly.
Related: SOL traders aggressively buy ahead of SEC Solana ETF decision: Is $250 back in sight?
SOL has been following an upward trend within a rising wedge pattern since February 2025. It’s set to retest the upper trendline of this pattern near $250, coinciding with the 0.786 Fib line, after bouncing from the lower trendline.
Traditional analysts view rising wedges as bearish reversal patterns, which may resolve with a breakdown below the lower trendline, potentially falling by up to the wedge’s maximum height.
This scenario puts SOL at a potential downside risk of 28–30% in the upcoming weeks, based on the breakdown point.
Conversely, breaking decisively above the wedge’s trendline would likely negate this bearish outlook, leading SOL toward the $295-300 range, corresponding with the 1.00 Fib level.
DOGE exhibits 20% upside potential in October
Dogecoin has surged over 11% so far this month, and its current setup suggests a potential upside of around 20% in the coming days.
DOGE is rebounding from near the lower trendline of an ascending channel pattern, aiming for the upper boundary near $0.30–0.31. This level also lines up with the 0.5 Fibonacci retracement zone, having acted as resistance in recent cycles.
A pullback below the 20-day EMA at around $0.25 could postpone this bullish outlook. DOGE may then retreat to the channel’s lower trendline near $0.22, which aligns with the 0.236 Fib line.
As Cointelegraph has noted, analysts predict Dogecoin could reach as high as $1 in the coming months.
This article does not provide investment advice or recommendations. All investments and trading activities carry risks, and readers should conduct their own research before making decisions.
