Key Points:

• Bitcoin is in danger of selling near $89,000, but the bulls haven’t let up much, suggesting a rally to $93,500.

• Several major altcoins have started a recovery, but are likely to face a sell-off at higher levels.

Bitcoin’s (BTC) recovery is losing steam as bears try to keep the price below the $88,000 level. Veteran trader Peter Brandt said in a post on X that BTC’s current recovery is a stalled recovery.

By comparison, network economist Timothy Peterson was slightly more hopeful. Peterson said in a post on X that according to an AI-powered forecasting tool, BTC has only a 15% chance of closing below $84,500 by the end of this year. On the way up, the probability of BTC recovering $100,000 by December 31 was less than 50%.

Another positive prediction comes from Augustine Fan, Head of Analytics at SignalPlus, who told Cointelegraph that BTC may have created “local lows” for now. Fan predicts BTC to range between $82,000 and $92,000, with another major opening lower if the price stays below $78,000.

What are the key support and resistance levels to watch for BTC and major altcoins? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

Bitcoin price prediction

BTC’s recovery is expected to involve selling at the 20-day exponential moving average ($93,431).

If the price declines from the 20-day EMA, it suggests that sentiment remains negative and investors are selling on the rally. The BTC/USDT pair could then retest the $80,600 level. If support breaks, Bitcoin’s price could drop to $73,777.

This negative opinion will be invalidated in the near future if the price continues to rise and breaks above the 20-day EMA. The pair could then climb to the psychological level of $100,000.

Ether price prediction

The recovery of Ether (ETH) threatens to sell near $3,000, but the positive sign is that the bulls have not given much ground to the bears.

This means the support rally could hit the 20-day EMA ($3,120) and then hit the $3,350 breakdown level. If the price drops from the upper resistance zone, bears will try to sink the ETH/USDT pair below $2,623. If this happens, the price of ether could drop to $2,400.

Buyers will need to push and sustain the price above the 50-day basic moving average ($3,596) to signal that the downtrend may be ending.

XRP price forecast

The XRP recovery (XRP) faces selling at the 20-day EMA ($2.20), but bulls maintain pressure.

If the price closes above the 20-day EMA, it suggests that the XRP/USDT pair may remain inside a descending channel formation for some time. A potential trend change will be signaled when buyers push the XRP price above the downtrend line.

Alternatively, if the price drops sharply from the 20-day EMA, the bears will try to sink the pair below the support line. If they are successful, the price of XRP could fall to the vital support level of $1.61.

BNB Price Forecast

BNB (BNB) is witnessing a fierce battle between buyers and sellers at the $860 split level.

If the price drops from the current level or the 20-day EMA ($911), it signals that the bears are still selling during the rally. This increases the risk of a break below $790, opening the gates to a fall to $730.

Instead, if the BNB price rises and breaks above the 20-day EMA, it means that the market has rejected a break below the $860 level. The BNB/USDT pair may then rise to the 50-day SMA ($1,034).

Solana price forecast

Solana (SOL) is facing a selloff near the 20-day EMA ($144), which indicates that bears remain vigorous at higher levels.

Sellers will try to push Solana’s price below the support level of $126. If they succeed, the SOL/USDT pair could fall to $110 and then to $95. Buyers are expected to fiercely defend the $95 support.

On the way to the top, bulls will need to overcome the 20-day EMA hurdle to gain an advantage. The pair could then rally at the 50-day SMA ($170), where the bears are expected to pose a significant challenge.

Dogecoin price forecast

Dogecoin (DOGE)’s rebound from support at $0.14 is meeting resistance at the 20-day EMA ($0.16), indicating that bears are trying to maintain control.

If the price drops sharply from the 20-day EMA, it increases the risk of a breakout below the $0.14 support. Dogecoin’s price could then drop to its October 10 low of $0.10, which could attract buyers.

On the other hand, a breakout and close above the 20-day EMA suggests that the bears are losing control. The DOGE/USDT pair may then rise to the 50-day SMA ($0.18), signaling that the price may remain in a wide range of $0.14 to $0.29 for some time.

Cardano Price Forecast

Cardano (ADA)’s shallow rebound from the $0.38 level indicates a lack of aggressive buying by bulls.

The bears will try to resume the downtrend, bringing the price below the $0.38 level. If they succeed, the ADA/USDT pair could fall to the October 10 panic low of $0.27.

Buyers have a complex task ahead of them. Any recovery attempt is expected to result in selling at the $0.50 breakdown level, but if the bulls prevail, Cardano’s price could rise to the 50-day SMA ($0.58). A close above the 50-day SMA suggests an end to the downtrend.

Related: Four reasons why Ethereum price remains bullish above $2,800

Hyperfluid price prediction

Hyperliquid (HYPE) has returned to the $35.50 breakdown level, where bears are expected to provide a sturdy defense.

If the price drops sharply from its current level, it suggests that the bears have turned the $35.50 level into resistance. This increases the risk of a breakout below the $29.30 level. The HYPE/USDT pair may then drop to $24.

Buyers will need to keep Hyperliquid price above the 50-day SMA ($39.48) to signal a comeback. If they do, the pair could rise to $44 and eventually to $51.50.

Bitcoin Cash Price Forecast

Buyers are trying to keep Bitcoin Cash (BCH) above the resistance line, but bears continue to apply pressure.

If the price falls below the moving averages, it suggests that a break above the resistance line may have been a bull trap. Next, bears will try to pull the BCH/USDT pair towards solid support at $443.

On the other hand, a sturdy bounce from the moving averages signals that bulls are buying on dips. This increases the possibility of a breakout above the $568 level. The Bitcoin Cash price may then rise to $606.

Chain link price prediction

Chainlink (LINK) rose near the 20-day EMA ($13.88), where the bears are expected to pose a earnest challenge.

If the price drops from the 20-day EMA, bears will try to pull the LINK/USDT pair to solid support at $10.94. Buyers are expected to defend the $10.94 level with all their might as a break below that level could send the pair down to $7.90.

Conversely, a breakout and close above the 20-day EMA suggests that selling pressure is subsiding. The pair could then rise to the 50-day SMA ($16.22). A close above the 50-day SMA indicates that Chainlink’s price may remain in the $10.94 to $27 range for some time yet.

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.