Bitcoin’s latest surge helped bulls hit price levels last seen in early August. Meanwhile, Solana reached prices above $170 and SOL-based meme coin Poodlana (POODL) continued to attract investor attention.
Here’s the latest price outlook for BTC, SOL and POODL as traders target more upside ahead of U.S. elections.
Bitcoin close to $70k: Can bulls break higher?
BTC flashed positive on Monday before bulls gave up gains seen above $69,000. The top cryptocurrency reached highs of $69,500 across major cryptocurrency exchanges. However, bears look to be in no hurry to give up territory near the psychological $70k as Bitcoin price retreated to near $68k as of writing.
Notably, this came as open interest in the leading digital asset from investors reached over $40 billion. The retreat for BTC largely coincides with a spike in liquidations, which Coinglass data shows reached more than $163 million, up 172% in 24 hours.
BTC continues to eye a return to the highly coveted peak of $73k reached in March, with analysts pointing to ‘Uptober’ and a potential U.S. election bounce as key catalysts. IntoTheBlock analysts say price may find critical support near $68,500.
Solana price surge puts bulls in charge
While most altcoins gained to push the global cryptocurrency market cap beyond $2.5 trillion, the standout performer among the top 20 coins was Solana (SOL).
Growth within the Solana ecosystem has several metrics pointing to potential price explosion for the fifth-ranked crypto by market cap.
In a recent report, a16z analysts pointed out that Solana had seen the most growth by activity in the past year. DeFi, stablecoins and meme coins, the latter expected to be a major narrative in 2025, have been at the core of this growth.
After sinking to below $125 in early Sept., the price of Solana has recorded a 13% in the past two weeks to surpass $1.66. While SOL has recently struggled to break $160, Monday’s surge to the multi-month high suggests bulls may be in charge.
Crypto analyst Carl Runefelt aka ‘The Moon’ sees SOL price breaking to $370.
A breakout to $200 amid a bounce higher for BTC will not only buoy Solana bulls, but potentially see momentum cascade to small cap tokens. The Solana meme coin ecosystem could also be an attractive play in this scenario.
Poodlana: One of the SOL meme coins to watch?
Several meme coins have recorded notable gains in recent weeks, with Dogecoin, Shiba Inu and Brett among those to variously top gainers’ chart.
Poodlana, a cryptocurrency combining meme culture and luxury fashion, is among those to lag as prices rose. However, with POODL poised nicely as price retests a key level, it’s likely a bullish flip is on the cards. The price level to watch for Poodlana is $0.003.
What could make Poodlana a top buy today?
The price metric aside, what puts Poodlana on track for upside momentum is the poodle-themed coin’s massive traction within the meme coin community.
Most of the appetite comes from Asia where POODL has a huge presence thanks to the poodle dog’s status in the region. With more than 80% of trading volume in the meme coin market coming from Asia, Poodlana’s appeal to buyers from Japan, China and South Korea among other countries is a top advantage.
This, along with listing on top exchanges, offering of staking platform and exclusive airdrops and bonuses for the community, paint prospects of future outperformance. A rallying BTC or SOL and meme coins is another catalyst.
At just $0.003, Poodlana’s price could be an entry point that savvy crypto investors could take advantage of to reap notable returns.
