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/USD, DOGE/USD, SOL/USDT year-to-date comparison chart. Source: TradingView
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/USD daily price chart. Source: TradingView
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/USD four-hour price chart. Source: TradingView
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.
BNB/USDT weekly price chart. Source: TradingView
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.
Related: SOL traders smash buy ahead of SEC Solana ETF decision: Is $250 back on the table?
SOL price has been…
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