Key points:
Bitcoin is receiving buying support beneath the $107,000 mark, but any relief rally is expected to be met with selling pressure.
Numerous altcoins have hit significant support levels, yet the absence of a robust bounce indicates that downward momentum may persist for a while.
Bitcoin (BTC) is under pressure as sellers strive to keep the price below the substantial $107,000 support threshold. This decline reflects a bearish sentiment, with dip buyers hesitant due to concerns regarding US regional banks.
Nevertheless, analysts at Bitwise mentioned in their weekly crypto market compass report that the extensive liquidations on Oct. 10 signify selling fatigue, restricting further downside. They also noted that the drop in their proprietary intraday Cryptoasset Sentiment Index to early August 2024 levels indicates a “contrarian buying opportunity.”
On the other hand, Glassnode expressed caution, stating in a recent report that the markets are in a reset phase and require new demand to validate recovery. The report also noted that the Long-Term Holder supply has declined by approximately 0.3 million BTC since July 2025, indicating profit-taking by seasoned investors. Glassnode expects the market to “enter a consolidation phase.”
What are the essential support levels to monitor for BTC and the key altcoins? Let’s delve into the charts of the top 10 cryptocurrencies to uncover the details.
Bitcoin price prediction
BTC has continued its downward trajectory and fell below the $107,000 support level on Friday, but the long tail on the candlestick signals buying interest at lower levels.
A close below $107,000 would form a double-top pattern. The BTC/USDT pair could potentially slide to the psychological support at $100,000. Buyers are anticipated to staunchly defend the $100,000 level, as a breach below this point could lead to a drop to the target of $89,526.
This pessimistic outlook may be reversed in the near term if Bitcoin’s price rebounds and rises above the moving averages, suggesting that the drop below the $107,000 point may have been a bear trap.
Ether price prediction
Ether (ETH) is engaged in a fierce struggle between the bulls and bears at the support line of the descending channel pattern.
Any attempts at recovery are likely to encounter selling pressure at the 20-day exponential moving average ($4,159). A sharp drop from the 20-day EMA could increase the chances of breaking below the support line. Should this occur, the ETH/USDT pair may plunge to $3,350.
For buyers to stay in the game, pushing the Ether price above the moving averages is essential, which would indicate that the pair could remain within the descending channel for an extended period. A bullish trend could commence if buyers drive the price above the resistance line.
BNB price prediction
BNB (BNB) closed beneath the 20-day EMA ($1,144) on Thursday and further declined to the 50-day SMA ($1,017) on Friday.
Buyers are expected to staunchly defend the 50-day SMA, as failure to do so could lead to accelerated selling. The BNB/USDT pair might then revisit the panic low of $860 from Oct. 10, implying that BNB price may have peaked in the near term.
Any rebound from the 50-day SMA will likely face substantial resistance at the 20-day EMA. For buyers, overcoming the resistance at the 20-day EMA will be crucial to indicate that the corrective phase is concluding.
XRP price prediction
Sellers managed to push XRP (XRP) below the immediate support at $2.30, but bulls are attempting to reclaim this level.
If the price bounces back from the current level, bears will aim to halt the recovery at the 20-day EMA ($2.63). If they succeed, it denotes negative sentiment, thereby raising the likelihood of a drop below $2.30. The XRP price could then plummet to $2.
Conversely, if buyers propel the XRP/USDT pair above the 20-day EMA, the recovery could reach the downtrend line, a critical level for bears to defend. A break above this line would signal a resurgence of bullish sentiment, potentially driving the pair toward $3.38.
Solana price prediction
Solana (SOL) has been declining within a descending channel pattern, indicating a series of lower highs and lower lows.
Bears are attempting to drive the price to the support line, where buyers are anticipated to step in. A rebound off the support line is likely to encounter resistance at the 20-day EMA ($205). A sharp decline from the 20-day EMA would prompt bears to attempt to push the SOL/USDT pair below the support line. If successful, Solana’s price could drop to $155.
Buyers must elevate the price above the 20-day EMA to suggest that the pair may remain within the channel for a prolonged period. A new bullish trend could commence if buyers propel the price above the resistance line.
Dogecoin price prediction
The inability of bulls to maintain Dogecoin (DOGE) above $0.21 has reignited selling, driving the price close to the significant support level at $0.18.
The declining 20-day EMA ($0.22) and the RSI positioned in negative territory suggest that the most feasible path is downward. A closure below $0.18 could lead the DOGE/USDT pair to slide to $0.16 and even to $0.14.
Buyers must promptly push the price above the 20-day EMA to indicate strength. If they succeed, Dogecoin’s price could ascend to the 50-day SMA ($0.23) and subsequently to the strong resistance at $0.29.
Cardano price prediction
Cardano (ADA) has fallen below the nearby support at $0.61, signaling that bears continue to exert selling pressure.
If the price closes below the $0.61 mark, the ADA/USDT pair could extend its descent to the robust support at $0.50. Buyers are expected to fiercely defend the $0.50 support, as breaking below it heightens the risk of a drop toward $0.30.
To avert further downside, bulls must propel the Cardano price above the 20-day EMA ($0.74). This would allow the pair to climb towards the downtrend line, where it is likely to attract sellers. For a new upward trend to signal, buyers will need to break through the downtrend line, aiming for a target of $1.02.
Related: How low will Bitcoin go? Regional US ‘bank stress’ pushes BTC toward $100K
Hyperliquid price prediction
Hyperliquid (HYPE) fell below the $35.50 level on Friday, but the long tail on the candlestick indicates buying at lower levels.
If the price rebounds from the current level, it is expected to encounter selling pressure at the neckline and then at the 20-day EMA ($42.25). A downturn from this overhead resistance area may prompt bears to attempt to push the HYPE/USDT pair below $35.50. If they succeed, the Hyperliquid price could drop to $30.50.
Conversely, if the price breaks and closes above the 20-day EMA, it would suggest diminishing selling pressure, leading the pair to rise towards the 50-day SMA ($47.15) and subsequently to $52.
Chainlink price prediction
Chainlink (LINK) sank below the support line of the descending channel pattern, indicating heightened selling pressure.
The bulls are attempting to halt the decline at the $15.43 support but are likely to encounter selling pressure with any minor uptick. If Chainlink’s price declines and breaks below $15.43, the LINK/USDT pair could decrease to $12.
For bulls to regain control, they must quickly elevate the Chainlink price above the 20-day EMA ($19.93), indicating that bearish momentum is waning. Buyers will be in the driver’s seat once they push the pair above the resistance line.
Stellar price prediction
Stellar (XLM) continued its downward trend and fell beneath the $0.31 support, indicating that bears are in control.
Sellers will attempt to strengthen their grip by driving the Stellar price to $0.25 and eventually to $0.22.
Buyers face a significant challenge ahead. They need to push and maintain the price above the moving averages to suggest that selling pressure is easing. The XLM/USDT pair could then rise towards the downtrend line. Sellers will likely attempt to halt this recovery at the downtrend line, but if bulls prevail, the pair may surge towards $0.47.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
