October has kicked off with a wave of optimism across the cryptocurrency market, led by notable upward moves in major altcoins such as Binance Coin (BNB), Solana (SOL), and Dogecoin (DOGE). This trend, dubbed “Uptober,” reflects a broader resurgence in crypto sentiment, fueled by renewed investor enthusiasm and technical breakouts. As these digital assets chart promising paths ahead, traders are closely watching key support and resistance levels to gauge whether this momentum can sustain through the remainder of the month.

BNB (BNB) has surged nearly 6% month-to-date, trading at approximately $1,065 on Thursday. Its rally stems from a broader recovery that began after testing support at the 20-day exponential moving average (20-day EMA) around $1,000. Historical rebounds from this level have often escalated into more substantial gains.

Within an ascending channel pattern, BNB’s ongoing uptrend could push its price toward $1,130 — approximately 6.75% above current levels — aligning with the 1.618 Fibonacci retracement. This target coincides with a breakout point derived from an inverse-head-and-shoulders (IH&S) pattern identified by traders.

BNB/USD four-hour price chart. Source: TradingView

Over the past two weeks, BNB’s rebound has also lifted its price above a key weekly resistance level at approximately $992, which now acts as support and aligns with its 1.618 Fibonacci retracement line.

BNB/USDT weekly price chart. Source: TradingView

A sustained rally above $992 could open the door to tests of higher Fibonacci levels, targeting $1,480 — representing a 38.5% increase from current prices — potentially happening by November. However, slipping below support at $992 might see BNB retracing toward $835, a level near the weekly 20 EMA, which would imply a decline of about 20% from present levels.

Solana eyes $250 amid bullish momentum

Solana (SOL) has already gained 9% in October, trading near $227.50 on Thursday, bolstering expectations of reaching $250 soon. Its recent upward trajectory is shaped by a rising wedge pattern that emerged since February, with the price hovering near the wedge’s upper trendline.

SOL/USD daily price chart. Source: TradingView

While rising wedges are typically seen as bearish reversal patterns, a break above the upper trendline could propel SOL toward the $295-300 zone—coinciding with the 1.00 Fibonacci level. Conversely, a move below the lower trendline could see the price drop by roughly 28-30%, posing a risk traders are watching carefully.

Dogecoin targets 20% upside in October

Dogecoin (DOGE) has climbed over 11% this month and shows signs of a potential 20% rally in the near term. Its current bounce from the lower boundary of an ascending channel anticipates a move toward resistance around $0.30–0.31, which also aligns with the 0.5 Fibonacci retracement zone. This level has historically acted as a resistance point in recent trading cycles.

DOGE/USDT daily price chart. Source: TradingView

Failure to hold support at around $0.25—specifically below the 20-day EMA—could see DOGE retreating toward the channel’s lower trendline near $0.22, aligning with the 0.236 Fibonacci retracement. Analysts suggest that, depending on market conditions, Dogecoin could reach $1 in the coming months, driven by growing institutional interest and positive sentiment in the crypto markets.

This evolving analysis underscores a vibrant October for major cryptocurrencies, with technical patterns and macro factors supporting potential rallies — yet with necessary caution around key support levels.

This article was originally published as Are BNB, Solana, and Dogecoin Prices Still Rising in October? on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

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Filed under: News - @ October 2, 2025 3:30 pm