BNB, Solana, and Dogecoin: October Upside Targets

Strong Start for BNB, Solana, and Dogecoin in October

Major altcoins BNB, Solana, and Dogecoin have experienced a robust start in October, echoing a wider cryptocurrency market rally known as “Uptober.” BNB, Solana, and Dogecoin October targets have come into focus following significant price increases for each asset in early October. Reporting via Cointelegraph.

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BNB rose nearly 6% month-to-date, reaching approximately $1,065. Its positive momentum began after a rebound near the 20-day exponential moving average (EMA) around $1,000, a level that previously served as a launchpad for further gains.

Solana is up 9% so far this month, trading near $227.50. Dogecoin has climbed by more than 11%, supported by technical patterns suggesting more possible upside in the near term.

Technical Analysis: Key Levels and Upside Targets

The price action for BNB remains within a wider ascending channel. According to analysts, if this trend continues, BNB could reach upside targets of $1,130 and potentially $1,480, which represents a 38.5% increase over current levels. These projections align with significant Fibonacci retracement levels and patterns such as the inverse head-and-shoulders (IH&S) identified by market participants. As explained by trader MisterSpread, “The upside target for BNB is derived from its inverse-head-and-shoulders pattern.” (Cointelegraph).

If BNB fails to maintain support above $992, there is a risk of a decline toward the 20-week EMA near $835, a drop of over 20% from present prices.

For Solana (SOL), the coin is trending inside a rising wedge formation, with analysts monitoring the $250 region, which aligns with the 0.786 Fibonacci retracement zone. Although a decisive breakout above the wedge’s upper trendline could send SOL as high as $295–$300, technical analysts caution that wedges can signal reversals, and a downward break signals a potential 28–30% correction.

Dogecoin (DOGE) is rebounding from an ascending channel’s lower boundary, eyeing the $0.30–$0.31 zone as its next target. This region also matches the 0.5 Fibonacci retracement level and has been resistance in previous market cycles. A price drop below the 20-day EMA, currently at about $0.25, could delay bullish prospects and possibly send DOGE toward $0.22, near the 0.236 Fibonacci line.

Outlook and What Comes Next

As October progresses, the direction for BNB, Solana, and Dogecoin will largely depend on their ability to hold above key technical supports. BNB, Solana, and Dogecoin October targets could be reached if bullish momentum persists and broader market sentiment remains positive.

Analysts cited by Cointelegraph noted the potential for further substantial gains if these cryptocurrencies surpass their immediate resistance levels. For Dogecoin, some anticipate even higher targets, with one claim stating, “Dogecoin price can reach as high as $1 in the coming months.” (Cointelegraph).

Investors and traders are advised to monitor critical price levels and conduct thorough research before making investment decisions. For continued developments and updates on emerging altcoin trends, visit the Vizi.com Cryptocurrency section.