Key Points:

• Bitcoin is seeing buying support just below the $107,000 mark, although any relief rally may face selling pressure.
• Many altcoins have reached significant support levels, yet the absence of a strong rebound suggests the downside trend may persist.

Bitcoin (BTC) remains under pressure as bears strive to keep the price down below the critical $107,000 support level. This decline reflects negative market sentiment, with investors hesitant to buy due to credit issues affecting US regional banks.

However, analysts from Bitwise note in their weekly market report that the substantial liquidations on October 10 signal potential selling exhaustion, which could limit further downside movement. Additionally, the decline in their internal Cryptoasset Sentiment Index to levels seen in early August 2024 suggests a “contrarian buying opportunity.”

Crypto market data daily view. Source: Coin360

Conversely, Glassnode has adopted a more cautious stance, indicating in a recent analysis that the markets are in a reset phase and require new demand to confirm any recovery. Their report also noted that the supply held by Long-Term Holders has decreased by approximately 0.3 million BTC since July 2025, which suggests profit-taking by veteran investors. Glassnode anticipates that the market might enter a consolidation period.

Bitcoin Price Forecast

BTC has continued its drop, falling below the $107,000 support on Friday; however, the long tail on the candlestick indicates buying interest at lower prices.

If the price closes beneath $107,000, it will complete a double-top pattern, and the BTC/USDT pair could slide to the psychological support level of $100,000. Buyers are anticipated to defend this $100,000 level vigorously; a break below it opens the door for further decline to the projected target of $89,526.

This pessimistic outlook will be negated in the short term if Bitcoin’s price climbs above the moving averages, suggesting the drop below $107,000 could have been a trap for bears.

Ether Price Forecast

Ether (ETH) is facing a significant tug-of-war between bulls and bears near the support line of a descending channel pattern.

Any attempt to recover is likely to face resistance at the 20-day exponential moving average (EMA) of $4,159. A sharp decline from this EMA increases the chances of a break below the support line, which would lead the ETH/USDT pair down to $3,350. Buyers must push the price above the moving averages to signal that the pair could remain inside the descending channel longer. A new upward trend could commence if buyers can break above the resistance line.

BNB Price Forecast

BNB closed below the 20-day EMA ($1,144) on Thursday, continuing its drop to the 50-day simple moving average (SMA) of $1,017 on Friday.

Buyers will fiercely protect the 50-day SMA; failure to do so could lead to a retest of the October 10 panic low of $860. This may indicate that BNB’s price is topping out in the short run. Any rebound from the 50-day SMA will likely encounter significant selling at the 20-day EMA, which buyers must overcome to signal the end of the correction phase.

XRP Price Forecast

Sellers have driven XRP below the immediate support at $2.30, but bulls are attempting to recapture this level.

An upward price movement will likely face resistance at the 20-day EMA ($2.63) from bears. A drop below $2.30 could see the price fall to $2.

On the other hand, should buyers push the XRP/USDT pair above the 20-day EMA, the relief rally could extend toward the downtrend line. This line is crucial for bears to defend, and a break could signal a resurgence of bulls, pushing the price towards $3.38.

Solana Price Forecast

Solana (SOL) has been moving within a descending channel pattern, indicating a trend of lower highs and lows.

Bears are trying to push the price towards the support line, where buying is expected. Any recovery may be met with resistance at the 20-day EMA ($205). A sharp decline from this could see SOL drop to $155. Buyers must aim to exceed the 20-day EMA for a chance to remain in the channel, with a new uptrend likely if they manage to overcome the resistance line.

Dogecoin Price Forecast

The inability of bulls to maintain Dogecoin (DOGE) above $0.21 has led to renewed selling, bringing the price near the strong support level at $0.18. A closure below this level could result in a decline to $0.16 and then to $0.14.

For strength, buyers need to swiftly push the price above the 20-day EMA; doing so could send DOGE higher towards the 50-day SMA ($0.23) and potentially up to $0.29.

Cardano Price Forecast

Cardano (ADA) has fallen below the nearby support at $0.61, indicating persistent selling pressure.

If the price remains below $0.61, it might decline further to robust support at $0.50, where buyers will need to defend vigorously to avoid a fall towards $0.30. For upside potential, bulls need to push Cardano’s price above the 20-day EMA ($0.74), which could lead to a rally toward the downtrend line and, subsequently, to $1.02.

Hyperliquid Price Forecast

Hyperliquid (HYPE) recently fell below the $35.50 mark; however, the long tail on the candlestick suggests some buying interest.

If the price rebounds from the current position, it may face selling at the neckline and then at the 20-day EMA ($42.25). Another attempt to drop below $35.50 could see the HYPE price decline to $30.50. Conversely, a break and close above the 20-day EMA indicates that the selling pressure is easing, allowing for a potential rise towards $52.

Chainlink Price Forecast

Chainlink (LINK) has dropped below the support line of the descending channel pattern, indicating enhanced selling pressure.

Efforts from bulls to stop the decline near $15.43 may encounter heavy selling during minor recoveries. If LINK breaks below $15.43, it might fall to $12. To weaken bearish momentum, the bulls must push Chainlink above the 20-day EMA ($19.93). A successful move above this could signify a reversal in trend.

Stellar Price Forecast

Stellar (XLM) continued to decline, slipping beneath the $0.31 support level, suggesting bears are in control.

Sellers will look to pull the price down to $0.25 and then $0.22. The challenge for buyers is significant; they need to hold the price above the moving averages to suggest a decrease in selling pressure. If successful, the XLM/USDT pair may then rise to the downtrend line. If bulls prevail, there’s potential for a rise toward $0.47.