Key takeaways:
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BNB, SOL, and DOGE present sturdy “Uptober” momentum, with upside targets at $1,480, $250, and $0.31, respectively.
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Failure to carry key trendlines might outcome in a pullback for BNB to $835.
BNB (BNB), Solana (SOL), and Dogecoin (DOGE) opened October in the inexperienced, echoing broader crypto market good points as “Uptober” euphoria builds.
Can these large-cap altcoins rally additional in the month?
BNB can rise over 38% in best-case situation
BNB has jumped by practically 6% month-to-date, reaching round $1,065 on Thursday.
Its good points are a part of a broader restoration that began after testing the 20-day exponential transferring common (20-day EMA; the inexperienced wave) close to $1,000 as help. Earlier rebounds from the identical help have resulted in first rate good points, as proven under.
BNB’s uptrend has been inside a broader ascending channel sample. Its continuation might see the token rallying towards $1,130, up 6.75% from present ranges, in October, aligning with the 1.618 Fibonacci retracement stage.
That can be the upside goal shared by dealer MisterSpread, derived from BNB’s prevailing inverse-head-and-shoulders (IH&S) sample.
BNB’s rebound over the previous two weeks has additionally brought about its value to flip a key weekly resistance stage into help, at round $992, which aligns with its 1.618 Fib retracement line.
Sustained upside momentum above $992 will possible outcome in BNB value testing the two.618 Fib line at round $1,480 in October or by November. That’s up 38.50% from present costs.
Conversely, a drop under $992 dangers sending costs towards the 20-week EMA (the inexperienced wave) close to $835, down 20.75% from present ranges.
SOL value can rise to $250 subsequent
Solana is already up 9% in October, reaching round $227.50 on Thursday, and its prevailing setup will increase its odds of reaching $250 in the approaching days.
Associated: SOL traders smash buy ahead of SEC Solana ETF decision: Is $250 back on the table?
SOL value has been trending upward inside a rising wedge sample since February 2025. It’s eyeing a retest of the sample’s higher trendline close to $250, a stage aligning with the 0.786 Fib line, after rebounding from the decrease trendline.
Conventional analysts take into account rising wedges as bearish reversal patterns, resolving when the value breaks under the decrease trendline and falls by as a lot because the wedge’s most peak.
That leaves SOL going through a possible 28–30% draw back threat in the approaching weeks, relying on the place the breakdown happens.
Conversely, a decisive transfer above the wedge’s trendline would possible nullify this bearish situation, setting SOL on the course towards the $295-300 zone, aligning with the 1.00 Fib stage.
DOGE reveals 20% upside potential in October
Dogecoin has jumped by over 11% up to now in October, and is displaying a setup that would ship roughly 20% upside in the approaching days.
DOGE value is at present rebounding from close to the decrease trendline of an ascending channel sample, concentrating on the higher boundary close to $0.30–0.31. That stage additionally aligns with the 0.5 Fibonacci retracement zone and has acted as resistance in current cycles.
Conversely, a pullback under the 20-day EMA at round $0.25 could delay the bullish outlook. DOGE might then pull again towards the channel’s decrease trendline, close to $0.22, aligning with the 0.236 Fib line.
As Cointelegraph reported, Dogecoin value can attain as excessive as $1 in the approaching months, in line with analysts.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.
