Technical Analysis for November 6: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, BCH

The price of Bitcoin (BTC) is currently being fiercely defended by the bulls around the important psychological support zone of 100,000 USD, after which it rebounded back above 103,000 USD. However, analysts warn that higher price zones may trigger strong selling pressure from the bears. According to expert Houston Morgan from ShapeShift, BTC is unlikely to surpass the 125,000 USD mark in 2025.

The sustainable recovery seems to still be “avoiding” Bitcoin, as both long-term and short-term investors are taking the opportunity to lock in profits. Data from Maartunn – an analyst at CryptoQuant – shows that long-term investors (LTH) have reduced their holdings by up to 405,000 BTC in just the past 30 days. At the same time, the group of short-term investors (STH) also transferred over 28,600 BTC to the exchange in just the last three days, a sign that selling pressure is still present.

However, some experts view it more positively. Matt Hougan, Chief Investment Officer of Bitwise, shared on CNBC that the recent decline mainly reflects the capitulation mentality of retail investors, rather than being a signal for the start of a deep downtrend. He predicts that Bitcoin could establish a new all-time high before the end of 2025.

So what are the important support zones that investors should pay attention to for BTC and major altcoins? Below is a detailed technical analysis of the top 10 cryptocurrencies.

BTC Technical Analysis

Bitcoin (BTC) has closed the first trading session of the week below the important support zone of 107,000 USD and continues to plunge sharply below 100,000 USD on Tuesday.

Daily BTC/USDT chart | Source: TradingViewThe 100,000 USD mark is currently becoming the “frontline” that the bulls are determined to defend. However, any recovery efforts of BTC may encounter significant selling pressure at the resistance zone of 107,000 USD — which was previously a key support — and further at the 20-day exponential moving average EMA( around 109,341 USD. If the price is strongly rejected at these two levels, the risk of breaking below 100,000 USD will increase significantly, potentially dragging the BTC/USDT pair down to the zone of 87,800 USD.

The first positive signal will only appear when the closing price stabilizes above the 20-day EMA line. At that point, Bitcoin will have the opportunity to extend its recovery towards the simple moving average )SMA( 50-day around 113,072 USD.

Technical Analysis of ETH

The price of Ether )ETH( closed below the support line of the descending channel pattern on Monday, indicating that the bears are in control.

![ngay-6-11-phan-tich])https://img-cdn.gateio.im/webp-social/moments-41fa7e3e7e5583841c263e028b42f93b.webp(ETH/USDT daily chart | Source: TradingViewThe selling pressure increased on Tuesday, causing the price to drop below the support zone of 3,350 USD. Although lower zones have attracted buying pressure, the expected recovery is likely to face strong resistance around the broken support line of the downtrend channel.

If the price turns down from this resistance zone, bears may restart the downtrend, aiming for the 3,000 USD zone. If this level is broken, the ETH/USDT pair could drop deep to 2,500 USD.

Technical Analysis of BNB

The price of BNB has plummeted below the support zone of 1.021 USD on Monday, signaling the potential for a short-term peak.

![ngay-6-11-phan-tich])https://img-cdn.gateio.im/webp-social/moments-f88c59cd526906b29b719b7b5c8fbffd.webp(BNB/USDT daily chart | Source: TradingViewThe BNB/USDT pair may find support around 860 USD, but the anticipated recovery is expected to encounter selling pressure at 1.021 USD and then at 1.070 USD. If the price turns down from these zones, the bears may once again try to break below the 860 USD zone. If successful, the price of BNB could drop further to 730 USD.

On the contrary, if the bulls can defend the 860 USD zone, the pair may enter a consolidation phase, fluctuating within the range of 860–1,070 USD in the near future.

Technical Analysis of XRP

The price of XRP has slipped below the support zone of 2.19 USD on Tuesday, indicating that the bears are in control of the market.

![ngay-6-11-phan-tich])https://img-cdn.gateio.im/webp-social/moments-cfae80b2872af7dde938d17c6a6d72bf.webp(Daily XRP/USDT Chart | Source: TradingViewAny recovery attempts by XRP are expected to face selling pressure around the 20-day EMA )2.46 USD(. If the price sharply reverses from the 20-day EMA, the XRP/USDT pair could fall deep into the important support zone of 1.61 USD. Bulls are expected to strongly defend this level, as a break below it could lead to a further decline to 1.25 USD.

On the contrary, if the price recovers, the bulls will face resistance at the moving averages and then at the downtrend line. A close above the downtrend line will tilt the balance of advantage toward the bulls.

Technical Analysis of SOL

The price of Solana )SOL( has dropped below 155 USD on Tuesday, but the bulls are trying to reclaim this zone on Wednesday.

![ngay-6-11-phan-tich])https://img-cdn.gateio.im/webp-social/moments-195a444b0c5a9c0cae00185d942d0ee5.webp(Daily chart of SOL/USDT | Source: TradingViewThe moving averages are sloping down and the RSI indicator is near the oversold zone, indicating that the prevailing trend is still bearish. A weak rebound could pave the way for further decline to the next support zone at 126 USD.

To show that selling pressure is easing, bulls need to push the price above the 20-day EMA at )184 USD(. At that point, the SOL/USDT pair could recover towards the 50-day SMA around 203 USD.

Technical Analysis of DOGE

The price of Dogecoin )DOGE( continues to plunge towards the bottom of the zone fluctuating between 0.25–0.14 USD, where it is expected to attract buying power again.

![ngay-6-11-phan-tich])https://img-cdn.gateio.im/webp-social/moments-44233448c73183894ffa0a3cc546a0c5.webp(Daily chart of DOGE/USDT | Source: TradingViewIf the price bounces from the current zone or from support at 0.14 USD, and breaks above the 20-day EMA at 0.19 USD), that will indicate that DOGE/USDT may continue to accumulate in the current price zone for some time.

On the contrary, if the price is rejected at the 20-day EMA line, the bears will once again try to pull the price down below the 0.14 USD mark. If successful, Dogecoin may revisit the daily low of 0.10 USD on October 10.

Technical Analysis of ADA

The price of Cardano (ADA) continues to decrease and has reached a solid support zone at 0.50 USD, where bulls are expected to defend strongly.

ADA/USDT daily chart | Source: TradingViewTo weaken the current downtrend, the bulls need to push the price above the 20-day EMA (0.62 USD). If successful, the ADA/USDT pair could continue to recover to the 50-day SMA (0.73 USD).

Conversely, if the price reverses and falls from the 20-day EMA line, it indicates that market sentiment remains negative and bears continue to sell when the price recovers. At that point, the risk of breaking the 0.50 USD support zone will increase, and the price of Cardano may plummet to 0.40 USD.

Technical Analysis HYPE

The price of Hyperliquid (HYPE) has dropped below the neckline ( on Tuesday, but found support at the important level of 35.50 USD.

![])https://img-cdn.gateio.im/webp-social/moments-b2026788f1612f8575abeed692aa4d9b.webp(HYPE/USDT daily chart | Source: TradingViewThe current recovery phase is expected to face selling pressure at the moving average lines, but if the bulls gain an advantage, the HYPE/USDT pair may rise to the 52 USD zone. The bears are likely to attempt to halt the recovery at this level once again. If the price reverses from the upper resistance, the currency pair may fluctuate in the range of 35.50–52 USD in the coming days.

On the contrary, if the price drops sharply from the moving averages, the currency pair will face the risk of breaking the 35.50 USD threshold. At that point, the price of Hyperliquid could fall to 30.50 USD.

Technical Analysis of LINK

The price of Chainlink )LINK( has turned down from the 20-day EMA )17.26 USD( and closed below the support zone of 15.43 USD on Monday.

![])https://img-cdn.gateio.im/webp-social/moments-0ef909f776e5334554f5d30269b1be67.webp(Daily LINK/USDT Chart | Source: TradingViewThe bulls have tried to push the price of Chainlink back above the 15.43 USD level on Tuesday, but the bears remain in control. If the price continues to stay below 15.43 USD, the LINK/USDT pair risks plunging to 12.73 USD, and further down to 10.94 USD.

On the contrary, if the buying power is strong enough to push the price back above 15.43 USD, the pair could recover to the 20-day EMA line. The bears may try to curb the rally here, but if the bulls can overcome this barrier, the price could head towards the higher resistance line.

Technical Analysis of BCH

The price of Bitcoin Cash )BCH( has dropped below the 20-day EMA )520 USD( on Monday, indicating that the price may continue to fluctuate within the falling wedge pattern ) for a few more days.

Daily BCH/USDT chart | Source: TradingViewThe bulls will try to defend the 443 USD zone, but the expected recovery momentum will face selling pressure at the 20-day EMA line. If the price turns down from the current zone or from the 20-day EMA line, it indicates that the bears are still in control at higher price levels. At that point, the price of Bitcoin Cash may slide below 443 USD and reach the support line of the wedge pattern.

To confirm the potential trend reversal, the bulls need to push the price above the resistance line of the descending wedge. At that point, the BCH/USDT pair could head towards the 600 USD zone.

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