Can BNB, Solana, and Dogecoin rise further in October?

Key takeaways:

BNB, SOL, and DOGE show strong “Uptober” momentum, with upside targets at $1,480, $250, and $0.31, respectively.
Failure to hold key trendlines could result in a pullback for BNB to $835.

BNB (BNB), Solana (SOL), and Dogecoin (DOGE) opened October in the green, echoing broader crypto market gains as “Uptober” euphoria builds.

Can these large-cap altcoins rally further in the month?

BNB can rise over 38% in best-case scenario

BNB has jumped by nearly 6% month-to-date, reaching around $1,065 on Thursday.

Its gains are part of a broader recovery that started after testing the 20-day exponential moving average (20-day EMA; the green wave) near $1,000 as support. Previous rebounds from the same support have resulted in decent gains, as shown below.

BNB’s uptrend has been inside a broader ascending channel pattern. Its continuation could see the token rallying toward $1,130, up 6.75% from current levels, in October, aligning with the 1.618 Fibonacci retracement level.

That is also the upside target shared by trader MisterSpread, derived from BNB’s prevailing inverse-head-and-shoulders (IH&S) pattern.

BNB’s rebound over the past two weeks has also caused its price to flip a key weekly resistance level into support, at around $992, which aligns with its 1.618 Fib retracement line.

Sustained upside momentum above $992 will likely result in BNB price testing the 2.618 Fib line at around $1,480 in October or by November. That is up 38.50% from current prices.

Conversely, a drop below $992 risks sending prices toward the 20-week EMA (the green wave) near $835, down 20.75% from current levels.

SOL price can rise to $250 next

Solana is already up 9% in October, reaching around $227.50 on Thursday, and its prevailing setup increases its odds of reaching $250 in the coming days.

SOL price has been trending upward inside a rising wedge pattern since February 2025. It is eyeing a retest of the pattern’s upper trendline near $250, a level aligning with the 0.786 Fib line, after rebounding from the lower trendline.

Traditional analysts consider rising wedges as bearish reversal patterns, resolving when the price breaks below the lower trendline and falls by as much as the wedge’s maximum height.

That leaves SOL facing a potential 28–30% downside risk in the coming weeks, depending on where the breakdown occurs.

Conversely, a decisive move above the wedge’s trendline would likely nullify this bearish scenario, setting SOL on the course toward the $295-300 zone, aligning with the 1.00 Fib level.

DOGE shows 20% upside potential in October

Dogecoin has jumped by over 11% so far in October, and is showing a setup that could deliver roughly 20% upside in the coming days.

DOGE price is currently rebounding from near the lower trendline of an ascending channel pattern, targeting the upper boundary near $0.30–0.31. That level also aligns with the 0.5 Fibonacci retracement zone and has acted as resistance in recent cycles.

Conversely, a pullback below the 20-day EMA at around $0.25 may delay the bullish outlook. DOGE could then pull back toward the channel’s lower trendline, near $0.22, aligning with the 0.236 Fib line.

As Cointelegraph reported, Dogecoin price can reach as high as $1 in the coming months, according to analysts.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.