Bitcoin (BTC), Solana (SOL) and Poodlana (POODL) Price Outlook as Traders Target More Upside Ahead of U.S. Elections

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

Bitcoin price showed signs of slowing down on Monday after reaching highs of $69,500. The world’s largest cryptocurrency began the new week trading above $68,0pen interest in leading digital asset from investors reached over $40 billion.

Bitcoin price showed signs of slowing down on Monday after reaching highs of $69,500. The world’s largest cryptocurrency began the new week trading above $68,000, but bears largely defended the psychological $70k level.

Bitcoin price reached a peak of $69,500 after showing signs of rallying to new all-time highs last week. BTC price reached highs of $69,500 on major cryptocurrency exchanges,pivoting from gains seen above $68,000.

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.

Bitcoin price movements largely coincide with a spike in liquidations, which Coinglass data shows reached more than $163 million, up 172% in 24 hours. The heavy bullish activity comes despite Bitcoin price movements being largely dictated by the bears.

After reaching a peak of $73,000 in March, Bitcoin continues to eye a return to the highly coveted peak. Several analysts pointed out that 'Uptober' and a potential U.S. election bounce could be key catalysts.

IntoTheBlock analysts also noted that price may find critical support near $68,500. As Bitcoin consolidates near its old all-time high, more than 320,000 active addresses are interacting within this price range. Notably, 220,000 of these addresses have an average acquisition price around $68.5k, suggesting a strong level of interest and potential support at… pic.twitter.com/GVwPVUhDYV

Solana price price surgin 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). Several metrics are pointing to potential explosive price action 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. At the core of this growth were DeFi, stablecoins and meme coins, the latter of which is expected to be a major narrative in 2025.

After sinking to below $125 in early Sept., the price of Solana has recorded a 13% gain in the past two weeks to surpass $1.66. While SOL has recently struggled to break $160, Monday’s surgin to the multi-month high suggests bulls may be fully in charge.

Crypto analyst Carl Runefelt aka ‘The Moon’ sees SOL price breaking to $370.

#Solana could go parabolic starting today! #Sol is breaking out of this MASSIVE Cup&Handle pattern with the potential target of $370 🎯 pic.twitter.com/qp31pbtJvS

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