Key takeaways:
BNB, SOL, and DOGE demonstrate significant momentum this “Uptober,” aiming for targets of $1,480, $250, and $0.31, respectively.
A failure to retain key trendlines could lead to a pullback for BNB to $835.
BNB (BNB), Solana (SOL), and Dogecoin (DOGE) began October with positive gains, mirroring overall crypto market trends as excitement for “Uptober” grows.
Can these large-cap altcoins continue to rally throughout the month?
BNB poised for over 38% rise in optimal conditions
BNB has surged nearly 6% this month, reaching approximately $1,065 on Thursday.
This increase is part of a broader recovery that followed testing the 20-day exponential moving average (20-day EMA; the green wave) near $1,000 as support. Historical rebounds from this benchmark have yielded considerable gains, as illustrated below.
BNB’s upward trend has been sustained within a broader ascending channel. Continuation of this trend could see the token advance towards $1,130, representing a 6.75% increase from current prices in October, reflecting the 1.618 Fibonacci retracement level.
This target aligns with the upside projection from trader MisterSpread, based on BNB’s current inverse-head-and-shoulders (IH&S) formation.
BNB’s resurgence over the past two weeks has also allowed its price to convert a critical weekly resistance level into support, around $992, aligning with its 1.618 Fib retracement line.
Maintaining upward momentum above $992 is likely to lead to BNB testing the 2.618 Fib line near $1,480 by October or November, marking a 38.50% increase from current levels.
Conversely, a dip below $992 may push prices toward the 20-week EMA (the green wave) at approximately $835, a decline of 20.75% from present levels.
SOL price targets $250 next
Solana has already increased by 9% this October, hovering around $227.50 on Thursday, with its current posture heightening the likelihood of reaching $250 soon.
Related: SOL traders are buying ahead of the SEC Solana ETF decision: Is $250 realistic?
SOL’s price has been steadily climbing within a rising wedge pattern since February 2025 and is poised to retest the upper trendline near $250, which coincides with the 0.786 Fib line, after bouncing from the lower trendline.
Traditional analysts often view rising wedges as bearish reversal patterns, typically resolving when the price drops below the lower trendline, potentially leading to falls of up to the wedge’s maximum height.
This scenario indicates that SOL might face a possible downside risk of 28–30% in the upcoming weeks, determined by where the breakdown takes place.
However, a decisive breach above the wedge’s trendline would likely invalidate this bearish outlook, steering SOL toward the $295-300 range, aligning with the 1.00 Fib level.
DOGE presents 20% upside potential in October
Dogecoin has risen over 11% in October and exhibits conditions that might realize approximately 20% upside shortly.
DOGE’s price is bouncing from around the lower trendline of an ascending channel pattern, targeting the upper boundary near $0.30–0.31. This level also aligns with the 0.5 Fibonacci retracement area, which has previously acted as resistance.
On the flip side, a pullback below the 20-day EMA around $0.25 could postpone bullish prospects, with DOGE potentially retreating toward the channel’s lower trendline near $0.22, coinciding with the 0.236 Fib line.
According to Cointelegraph, analysts speculate Dogecoin could surge as high as $1 in the upcoming months.
This article does not constitute investment advice or recommendations. All investment and trading activities carry risks, and readers should perform their own research before making any decisions.
