Crypto market update (Oct 2): Solana, Dogecoin, and Cardano see price increases

The Crypto market is regaining momentum as Solana, Dogecoin, and Cardano bounce from strong support zones. These technical reactions have reinforced bullish market structures, raising the probability of fresh higher highs across the sector.

The Crypto market has shown renewed strength over the past several days, with notable recoveries in Solana (SOL), Dogecoin (Doge), and Cardano (ADA). Price action across these coins has been impulsive, signaling a broad market rally from critical support regions.

From a structural perspective, the reactions are technical in nature, aligning with Fibonacci retracements, Bollinger Band defenses, and volume-based confluence zones. Together, these elements suggest that the broader bullish trend remains intact, with potential for continued upside if momentum sustains. Adding to this outlook, the ‘Uptober’ rally continues to build as on-chain data further confirms underlying market strength.

Solana, Dogecoin, and Cardano price key technical points:

• Solana and Dogecoin both respected the lower Bollinger Band and bounced from the 0.618 Fibonacci retracement.
• Cardano reclaimed its $0.80 high-timeframe support, which aligns with the 0.618 Fibonacci and the point of control, creating a high-volume reversal zone.
• Sustained bullish volume across these coins could propel price action toward swing highs and major resistance zones.

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For Solana and Dogecoin, the technical reasoning behind the rebound is straightforward. Both coins have continued to post consecutive higher highs and higher lows, confirming a bullish market structure. Price action also respected the lower band of the Bollinger indicator, highlighting strong defenses on the downside. Importantly, the most recent rallies began at the 0.618 Fibonacci retracement level, a widely observed technical marker for reversals.

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Cardano, by contrast, presents a slightly more layered setup. The coin is reacting to a high-timeframe support zone near $0.80, which is reinforced by both the 0.618 Fibonacci retracement and the point of control. This confluence creates a high-volume area that often acts as a pivot for trend direction. The initial reaction has been bullish, with the price bouncing from this region.

From a broader perspective, the resilience of these altcoins underscores the strength of the current market structure. The consistent defense of key Fibonacci and volume-based levels suggests that the bullish trend is not only intact but also positioned for potential continuation.

What to expect in the coming price action

If volume continues to support these recoveries, Solana and Dogecoin may soon retest their swing highs, opening the door for new higher highs within their bullish structures. Cardano, meanwhile, must hold $0.80 and reclaim the value area high to confirm a sustained move toward $1.14.

Overall, the market is offering bullish setups across several leading altcoins, with technical confluences providing a foundation for further upside.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.