Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Solana – European Wrap 28 October


Bitcoin Price Forecast: BTC recovers as BlackRock ETF sees over $1 billion in inflows for two weeks running

Bitcoin (BTC) continues to recover and trades above $68,000 on Monday after declining and finding support around $66,000 on Friday. Despite BTC dipping to $65,260 last week, US spot Bitcoin Exchange Traded Funds (ETFs) recorded net inflows of $997.2 million, with BlackRock IBIT funds contributing by $1.15 billion. However, reports that the US government is investigating the Tether stablecoin and rising tensions between Israel and Iran weigh on BTC’s outlook.

Chart

Dogecoin Price Forecast: Further rally likely, fueled by Elon Musk's endorsement

Dogecoin (DOGE) extended its gains on Monday and during the weekend after successfully retesting a key support level on Friday. The bullish price action since broadly mid-October has been bolstered by Elon Musk's promotion of the meme coin, reigniting interest among traders and suggesting a potential rally ahead.

Chart

Solana Price Forecast: Extra 10% gains possible as Solana network beats Ethereum in weekly DEX volume

Solana (SOL) recovered from Friday’s intraday decline to near $160 over the weekend and trades at $178.04 at the time of writing on Monday. The native token of the Solana blockchain eyes further gains as on-chain metrics and technical charts support a bullish thesis. 

Chart


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Crypto Today: Bitcoin, Ethereum and XRP gain as Tether denies criminal investigation allegations

Crypto Today: Bitcoin, Ethereum and XRP gain as Tether denies criminal investigation allegations

Bitcoin extends gains by nearly 2% on Tuesday, getting closer to its all-time high registered in March. Ethereum and XRP prices also increase, riding on Bitcoin's rally. Stablecoin Tether CEO Paolo Ardoino denies allegations of a criminal investigation in the US in an interview for Coindesk.

More Cryptocurrencies News
Fantom looks set for double-digit gains following retest of key support level

Fantom looks set for double-digit gains following retest of key support level

Fantom extends its gains for a fourth consecutive day on Tuesday after finding support at around $0.577 on Friday. The token’s technical outlook suggests double-digit gains are on the horizon, bolstered by a rising long-to-short ratio that reached its highest level in October.

More Fantom News
Solana Price Forecast: SOL hits three-month high above $180 after four-day rally

Solana Price Forecast: SOL hits three-month high above $180 after four-day rally

Solana price increases for a fourth straight day, hitting the $180 resistance for the first time in nearly three months. Active addresses on the Solana blockchain have consistently climbed every month in the past year. SOL's upside target is at around $210, its 2024 high seen in March. 

More Solana News
Bitcoin Price Forecast: Pointing to new all-time high at $78,900

Bitcoin Price Forecast: Pointing to new all-time high at $78,900

Bitcoin (BTC) extends its gains on Tuesday and trades around $71,000 after bouncing from a key technical level last week. The technical outlook suggests a bullish bias for BTC, projecting a new all-time high at $78,900 in the short term.

More Bitcoin News
Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP