Highlights:
Bitcoin couldn’t maintain its position above $90,000, signaling a drop in demand at elevated prices.
Major altcoins started to bounce back, but higher price levels attracted significant selling pressure from bears.
On Wednesday, Bitcoin (BTC) bulls managed to push the price above $90,000, but higher levels saw a wave of selling from bears. This week, spot Bitcoin exchange-traded funds (ETFs) experienced outflows totaling $634.8 million, according to data from Farside Investors sources, reflecting a cautious stance from institutional investors.
According to CryptoQuant analyst MorenoDV_, the True Market Mean (TMM), which indicates the cost basis of non-dormant coins excluding miners, acts “like a psychological threshold.” Should the TMM, currently at $81,500, break down, BTC may see a sharp decline as it seeks support in coming months.
In contrast, Grayscale analysts remain positive about 2026. Their outlook suggests that BTC might hit a new all-time high in the first half of next year, fueled by favorable macroeconomic trends and improved regulatory clarity in the United States.
What key support and resistance levels should we keep an eye on for BTC and prominent altcoins? Let’s analyze the performance of the top 10 cryptocurrencies to understand.
Bitcoin Price Forecast
On Wednesday, buyers managed to push BTC above the uptrend line, although a long wick on the candlestick indicates selling pressure at higher levels.
Bears will attempt to push the Bitcoin price below the support level of $84,000. If successful, the BTC/USDT pair may retest the crucial support at $80,600. Buyers are expected to defend the zone between $80,600 and $73,777 vigorously.
A key sign of strength would be a break and close above the 20-day exponential moving average ($90,037). This could see the pair rise to $94,589 and then approach the psychological barrier of $100,000.
Ether Price Forecast
Ether (ETH) bounced off the uptrend line on Tuesday, but the recovery encountered resistance at the 20-day exponential moving average (EMA) ($3,066) on Wednesday.
Bears are attempting to strengthen their position by driving the Ether price below the uptrend line. If successful, the ETH/USDT pair may drop to $2,716 and then down to $2,623.
Buyers have a challenging road ahead. They need to push the Ether price above the resistance at $3,350 to indicate a potential trend reversal in the near term. This could open the pathway for a rally to $3,659 and eventually to $3,918.
BNB Price Forecast
Buyers attempted to drive BNB (BNB) above the 20-day EMA ($883), but bears effectively held their ground.
Sellers will aim to pull the BNB price below the $840 mark and test the critical support at $791. Buyers are expected to fiercely defend the $791 level, as a breach could result in the BNB/USDT pair sinking to $730.
If, instead, the price rebounds and breaks above the moving averages, it indicates the pair could remain within a range between $791 and $1,020 for a period. A close above $1,020 would place buyers back in control.
XRP Price Forecast
XRP (XRP) continues to trend downward toward the support line of the descending channel, reflecting pessimistic sentiment.
The bulls are likely to defend the area between the channel’s support line and $1.61. Any rebound could face selling pressure at the 20-day EMA ($2.03) and then at the 50-day simple moving average (SMA) ($2.18).
If the XRP price declines from the moving averages, the risk of a breakdown below $1.61 increases. This could drive the XRP/USDT pair down to the October 10 low of $1.25. Conversely, breaking above the downtrend line could indicate a potential trend reversal.
Solana Price Forecast
The bulls are working to defend the support line in Solana (SOL), but the weak bounce indicates ongoing pressure from bears.
The downward-sloping 20-day EMA ($133) and an RSI below 39 suggest that bears are in control. A close below the support line indicates a continuation of the downward trend. The SOL/USDT pair could fall to $110 and then to strong support at $95, where buyers are expected to intervene.
The bulls must push and sustain the SOL price above the resistance line to regain momentum. This could lead to a rally towards $172.
Dogecoin Price Forecast
Dogecoin (DOGE) dropped below the $0.13 support level on Monday, signaling a renewal of the downtrend.
A slight advantage for the bulls is that the RSI shows a positive divergence, indicating that selling pressure is easing. To signal strength, buyers must quickly push and maintain the Dogecoin price above the 50-day SMA ($0.15), potentially leading to a rise to $0.19.
Alternatively, should the price decline further or turn down from $0.14, it suggests continued bear control, with the pair possibly falling to the October 10 low of $0.10.
Cardano Price Forecast
Cardano (ADA) is struggling to rebound from the $0.37 support level, indicating a lack of aggressive buying from bulls.
Sellers will attempt to enhance their position by pushing the Cardano price below $0.37. If successful, the ADA/USDT pair could tumble to $0.32 and then to the October 10 low of $0.27.
Any relief rally is likely to encounter selling pressure at the moving averages. Bulls need to raise and maintain the price above the breakdown point of $0.50 to indicate a recovery. The pair may then rally to $0.61.
Related: Solana TVL hits $8.6B six-month lows: Is $80 SOL price next?
Bitcoin Cash Price Forecast
Bitcoin Cash (BCH) bounced off the 50-day SMA ($534) on Tuesday, with bulls trying to maintain the price above the 20-day EMA ($558) on Wednesday.
If the price fails to stay above the 20-day EMA, sellers will again try to pull the BCH/USDT pair below the 50-day SMA. If they succeed, Bitcoin Cash may dip below the $508 support, indicating potential range-bound action between $443 and $615 for an extended period.
Conversely, if the price closes above the 20-day EMA, it signals a positive sentiment. Bulls would then try to push the pair towards the overhead resistance of $615.
Hyperliquid Price Forecast
Buyers are making an effort to initiate recovery in Hyperliquid (HYPE), but the price is likely to face resistance near the 20-day EMA ($30.26).
If the price declines from the 20-day EMA, the HYPE/USDT pair may continue its downtrend, potentially falling to $24 and then to the October 10 low of $20.82.
Alternatively, if the price rebounds and surpasses the 20-day EMA, it would suggest a decrease in selling pressure. The pair may then rise to the breakdown point of $35.50, which is a critical threshold. A breach of this resistance may signify the end of the downtrend.
Chainlink Price Forecast
Chainlink (LINK) has been trading below the moving averages, increasing the likelihood of a drop to the $10.94 support.
Buyers are expected to vigorously defend the $10.94 level, although any relief rally may encounter selling pressure at the moving averages. If the price declines from the moving averages, the LINK/USDT pair could drop to the October 10 low of $7.90.
Conversely, if the Chainlink price rebounds from the current level or the $10.94 support and breaks above $15, it indicates demand at lower levels. The pair could then climb to $16.80.
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