Key points:
Bitcoin failed to stay above $90,000, indicating a lack of demand at higher levels.
Several major altcoins began a recovery, but higher levels attracted solid selling pressure from bears.
Bitcoin (BTC) bulls pushed the price above $90,000 on Wednesday, but higher levels attracted selling from bears. BTC exchange-traded funds recorded outflows of $634.8 million this week, according to data from Farside Investors, indicating a cautious approach from institutional investors.
CryptoQuant analyst MorenoDV_ said in a recent Quicktake analysis that the True Market Mean (TMM), which represents the cost base of all non-sleeping coins, excluding miners, acts 'like a psychological line in the sand.' If the TMM, currently at $81,500, breaks, BTC could drop sharply, seeking support in the coming months.
Daily cryptocurrency market data. Source: TradingView
At the other end of the spectrum are Grayscale analysts, who remain optimistic about 2026. In their outlook report for 2026, Grayscale stated that BTC could reach a new all-time high in the first half of next year, driven by favorable macroeconomic winds and better regulatory clarity in the U.S.
What are the crucial support and resistance levels to watch for BTC and major altcoins? Let's analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price forecast
Buyers pushed BTC above the trendline on Wednesday, but the long wick of the candle shows selling at higher levels.
Daily chart BTC/USDT. Source: Cointelegraph/TradingView
Bears will try to pull Bitcoin's price below the $84,000 support. If they succeed, the BTC/USDT pair could test the crucial level of $80,600. Buyers are expected to fiercely defend the zone of $80,600 to $73,777.
The first sign of strength will be a break and close above the 20-day exponential moving average ($90,037). The pair could then rise to $94,589 and subsequently to the psychological level of $100,000.
Ether price forecast
Ether (ETH) recovered from the trendline on Tuesday, but the recovery stopped at the 20-day EMA ($3,066) on Wednesday.
Daily chart ETH/USDT. Source: Cointelegraph/TradingView
Bears are trying to strengthen their position by pulling Ether's price below the trendline. If they succeed, the ETH/USDT pair could drop to $2,716 and then to $2,623.
Buyers have a tough task ahead. They will need to push Ether's price above the resistance of $3,350 to signal a possible trend change in the short term. This opens the door for a rally to $3,659 and then to $3,918.
BNB price forecast
Buyers tried to push BNB (BNB) back above the 20-day EMA ($883), but bears successfully defended the level.
Daily chart BNB/USDT. Source: Cointelegraph/TradingView
Sellers will try to pull BNB's price below the $840 level and test critical support at $791. Buyers are expected to defend the $791 level with all their strength, as a breakdown below this could sink the BNB/USDT pair to $730.
Instead, if the price rises and breaks above the moving averages, it suggests that the pair may remain in a range between $791 and $1,020 for some time. Buyers will be back in control on a close above $1,020.
XRP price forecast
XRP (XRP) has been sliding towards the support line of the descending channel pattern, indicating negative sentiment.
Daily chart XRP/USDT. Source: Cointelegraph/TradingView
Bulls are expected to mount a strong defense in the zone between the channel support line and $1.61. Any relief rally is likely to face selling at the 20-day EMA ($2.03) and then at the 50-day simple moving average ($2.18).
If the price of XRP drops from the moving averages, the chance of a breakdown below $1.61 increases. The XRP/USDT pair could then plunge to the October 10 low of $1.25. On the other hand, a break above the downtrend line signals a possible trend change.
Solana price forecast
Bulls are trying to defend the support line on Solana (SOL), but the weak momentum suggests that bears continue to exert pressure.
Daily chart SOL/USDT. Source: Cointelegraph/TradingView
The declining 20-day EMA ($133) and the relative strength index (RSI) below 39 signal that bears are in control. A close below the support line indicates a continuation of the downtrend. The SOL/USDT pair could plunge to $110 and then to solid support at $95, where buyers are expected to step in.
Bulls will have to push and hold Solana's price above the resistance line to gain an advantage. The pair could then rise to $172.
Dogecoin price forecast
Dogecoin (DOGE) fell below the support of $0.13 on Monday, signaling the resumption of the downtrend.
Daily chart DOGE/USDT. Source: Cointelegraph/TradingView
A slight edge for bulls is that the RSI is forming a positive divergence. This suggests that selling pressure is easing. Buyers will need to push quickly and sustain Dogecoin's price above the 50-day SMA ($0.15) to signal strength. The DOGE/USDT pair could then rise to $0.19.
Alternatively, if the price continues to fall or drops below $0.14, it suggests that bears are still in control. The pair could then plunge to the October 10 low of $0.10.
Cardano price forecast
Cardano (ADA) is struggling to recover from the support of $0.37, indicating a lack of aggressive buying from bulls.
Daily chart ADA/USDT. Source: Cointelegraph/TradingView
Sellers will try to strengthen their position by pulling Cardano's price below the $0.37 level. If they succeed, the ADA/USDT pair could plunge to $0.32 and then to the October 10 low of $0.27.
Any relief rally is expected to face selling at the moving averages. Bulls will need to push and hold the price above the breakout level of $0.50 to signal a return. The pair could then rise to $0.61.
Bitcoin Cash price forecast
Bitcoin Cash (BCH) recovered from the 50-day SMA ($534) on Tuesday, and bulls are trying to sustain the price above the 20-day EMA ($558) on Wednesday.
Daily chart BCH/USDT. Source: Cointelegraph/TradingView
If the price fails to hold above the 20-day EMA, sellers will try again to pull the BCH/USDT pair below the 50-day SMA. If successful, Bitcoin Cash's price may drop below the $508 support. This suggests a range action between $443 and $615 for some time.
Conversely, if the price closes above the 20-day EMA, it signals positive sentiment. Bulls will then try to push the pair to the upper resistance at $615.
Hyperliquid price forecast
Buyers are trying to initiate a recovery in Hyperliquid (HYPE), but it is likely to face selling near the 20-day EMA ($30.26).
Daily chart HYPE/USDT. Source: Cointelegraph/TradingView
If the price drops from the 20-day EMA, the HYPE/USDT pair may resume its downtrend. The pair could fall to $24 and then to the October 10 low of $20.82.
Contrary to this assumption, if the price rises and breaks above the 20-day EMA, it suggests that selling pressure is easing. The pair could then rise to the breakout level of $35.50, which is a critical level to watch. If buyers overcome the resistance, it indicates that the downtrend may have ended.
Chainlink price forecast
Chainlink (LINK) has been trading below the moving averages, increasing the likelihood of a drop to the $10.94 support.
Daily chart LINK/USDT. Source: Cointelegraph/TradingView
Buyers are expected to vigorously defend the $10.94 level, but the relief rally may face selling at the moving averages. If the price drops from the moving averages, the LINK/USDT pair could plunge to the October 10 low of $7.90.
Contrary to this assumption, if the price of Chainlink rises from the current level or from the $10.94 support and breaks above $15, it signals demand at lower levels. The pair could then rise to $16.80.
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