Technical Analysis on October 30: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, BCH

Bitcoin (BTC) is currently fluctuating around 110,000 USD, as the bulls attempt to hold the price above the 111,000 USD level, but selling pressure from the bears still shows no signs of easing. In the latest Weekly Market Impulse report, on-chain analysis company Glassnode noted that the recent bounce back of Bitcoin is not accompanied by a significant increase in investor participation, indicating that the market may be entering an accumulation phase.

Meanwhile, the cryptocurrency market research company 10x Research appears to be more cautious, suggesting that the current bullish cycle of Bitcoin may struggle to last beyond the traditional four-year framework, as BTC prices are already too high to continue attracting a steady flow of retail money. According to internal analysis models, 10x Research forecasts that the cycle peak could reach around 125,000 USD.

Although BTC is still trading within a wide range, a notable bright spot is that capital continues to flow into spot Bitcoin ETF funds. Data from Farside Investors shows that in just the past four days, this group of funds has recorded a net inflow of over 462.6 million USD – a signal that the confidence of institutional investors remains strong.

So, what important support and resistance levels will determine the next direction of Bitcoin and the top altcoins? Let's follow the technical chart analysis of the TOP 10 largest cryptocurrencies below.

Technical Analysis of BTC

The inability of BTC to maintain above the 50-day simple moving average (SMA) at the level of 114,278 USD has attracted selling pressure, pulling the price below the 20-day exponential moving average at the level of 112,347 USD.

Daily BTC/USDT Chart | Source: TradingViewIf the closing price is below the EMA 20 line, the bears may push the BTC/USDT pair down to the important support zone at 107,000 USD. The bulls are expected to strongly defend this level, as breaching the threshold of 107,000 USD will confirm the (double top) pattern, which could drag the BTC price down to 100,000 USD.

On the contrary, the 118,000 USD level is the resistance threshold to watch. If the price breaks through and closes above this level, the BTC/USDT pair could rise to the historical peak of 126,199 USD.

Technical analysis of ETH

Ether (ETH) has reversed and decreased from the SMA 50 (4.220 USD) on Monday, indicating that the bears are still actively operating in the higher price range.

ETH/USDT daily chart | Source: TradingViewSellers are trying to pull the price back to the support line of the descending triangle pattern, which is a key area to watch. If the price breaks and closes below the support line, ETH may plummet to 3,350 USD.

Conversely, the bulls need to push the price above the 50-day SMA to confirm strength. At that point, ETH/USDT could rise to the resistance line of the pattern, where the bears are expected to react strongly. Only by breaking through the resistance line can ETH begin the next upward phase.

Technical Analysis of BNB

BNB has reversed from the Fibonacci retracement level of 38.2% ( 1,156 USD ) on Monday, but the positive point is that the bulls have defended the 50-day SMA ( 1,076 USD ) on Tuesday.

BNB/USDT daily chart | Source: TradingViewThe 20-day EMA (1.119 USD) is moving sideways and the RSI index is fluctuating around the neutral level, indicating that neither side has a clear advantage. If the price breaks below the 50-day SMA, a deeper correction trend may begin, heading towards 1.021 USD, even 932 USD — signaling that BNB could create a short-term peak.

On the contrary, if it breaks through and closes above 1,156 USD, it indicates strong buying pressure in the lower range. At that point, the price of BNB could rise to the 61.8% Fibonacci retracement level at 1,239 USD.

Technical Analysis of XRP

XRP has been fluctuating narrowly between the breakout zone of 2.69 USD and the 20-day EMA of 2,56 USD in the past few days.

XRP/USDT daily chart | Source: TradingViewThis narrow accumulation pattern often signals an upcoming expansion in volatility. If the price breaks below the 20-day EMA, it indicates that the bears have taken control, potentially dragging the price down to 2.20 USD.

On the contrary, if it breaks out and closes above 2.69 USD, the XRP/USDT pair could rise to the downtrend line. The bears are likely to defend strongly here, but if breached, the upward momentum could extend to 3.20 USD, followed by 3.38 USD.

Technical Analysis of SOL

Solana (SOL) has surpassed the 20-day EMA (196 USD) on Sunday but struggles to maintain higher levels.

Daily SOL/USDT Chart | Source: TradingViewThe 20-day EMA is flat along with the RSI around the average level, indicating that supply and demand are balanced. If the price closes above the 20-day EMA, the SOL/USDT pair may rise to the resistance line of the channel. Bulls need to break through the resistance line to strengthen the uptrend.

On the contrary, if the price falls below 190 USD, it indicates that the bears are regaining control, which could pull the price down to 177 USD, and then to the support line of the price channel.

Technical Analysis of DOGE

Dogecoin (DOGE) has pulled back from the resistance zone of 0.21 USD on Monday, indicating that the bears are defending vigorously here.

Daily DOGE/USDT Chart | Source: TradingViewBears will try to push the price below 0.17 USD. If successful, DOGE/USDT could drop to the important support area of 0.14 USD. This is a level that bulls are expected to defend fiercely, as a break below 0.14 USD could see the price test the 0.10 USD area.

The first positive signal will appear when the closing price is above 0.21 USD. If this happens, the DOGE/USDT pair could rise to the 50-day SMA at (0.23 USD), and then head towards 0.27 USD.

Technical Analysis of ADA

The price of Cardano (ADA) has turned down from the 20-day exponential moving average (EMA) at 0.68 USD on Monday, indicating that market sentiment remains negative.

Daily chart of ADA/USDT | Source: TradingViewThe bears are trying to pull the price of Cardano below the support zone of 0.59 USD. If successful, the ADA/USDT pair could plunge towards the important support zone at 0.50 USD, where strong buying pressure from the bulls is expected.

On the contrary, if the price breaks and closes above the 20-day EMA, it indicates that the bulls are trying to regain control. At that point, the ADA/USDT pair may bounce back to the 0.75 USD region – a level that was previously broken – followed by the downtrend line.

HYPE Technical Analysis

The buying force is still helping Hyperliquid (HYPE) maintain above the 50-day simple moving average (SMA) at 45.95 USD, indicating that the overall trend is still leaning towards the bulls.

HYPE/USDT daily chart | Source: TradingViewThe bulls will continue to strengthen their position by pushing the price above the resistance level of 51.50 USD. If successful, the HYPE/USDT pair may retest the historical peak at 59.41 USD.

However, the bears may not stand still. They will look for ways to defend the 51.50 USD mark and pull the price below the 20-day EMA at 42.64 USD. If this scenario occurs, the HYPE/USDT pair could drop sharply to the important support zone of 35.50 USD.

Technical Analysis of LINK

The price of Chainlink (LINK) has turned down from the 20-day EMA at 18.52 USD, indicating that the bears are actively selling as the price bounces back.

Daily LINK/USDT chart | Source: TradingViewThe bears will attempt to pull the price of LINK down to 16.71 USD, followed by the strong support zone at 15.43 USD, where buying pressure is expected to emerge.

On the contrary, if the price reverses from the current level and exceeds the 20-day EMA line, it indicates that the selling pressure is weakening. At that point, the LINK/USDT pair may bounce back to the resistance line. The bulls will need to hold the price above this line to confirm that the correction phase has ended.

Technical Analysis of BCH

The price of Bitcoin Cash (BCH) has reached the resistance line of the descending wedge pattern, where the bears are exerting strong pressure.

Daily BCH/USDT chart | Source: TradingViewThe 20-day EMA is trending up at 527 USD along with the RSI indicator in the positive zone, indicating that the current trend favors the bulls. If the closing price breaks above the resistance line, BCH could open up a rally towards 615 USD and then 651 USD.

On the contrary, the bears will need to quickly pull the price below the 20-day EMA to regain control. In that case, the BCH/USDT pair could correct to the strong support area of 450 USD.

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