Bitcoin, Altcoins Continue Sell-off: Is Uptober Over?

Key points:

• Bitcoin finds buying support below the $107,000 level, but relief rally is likely to be sold off.

• Many altcoins have reached strong support levels, but the lack of a strong rebound suggests that downward pressure may continue for a while.

Bitcoin (BTC) remains under pressure as bears try to keep the price below the strong support level of $107,000. The decline indicates negative sentiment, with buyers staying away due to credit concerns at US regional banks.

However, the massive liquidations on October 10 indicate selling has been exhausted, limiting further declines, Bitwise analysts said in their weekly Crypto Market Compass report. The analysts added that the decline in their internal crypto asset sentiment index to early August 2024 levels indicates a “contrarian buying opportunity.”

In contrast, Glassnode took a cautious view. She said in a recent report that markets were in a reset phase and needed new demand to confirm the recovery. The report highlighted that long-term holder supply has declined by about 0.3 million BTC since July 2025, indicating profit-taking by mature investors. Glassnode expects the market to “enter a consolidation phase.”

What are the critical support levels to pay attention to in BTC and major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price forecast

BTC continued its downward move and fell below the $107,000 support level on Friday, but the long tail in the candle shows buying at lower levels.

A close below $107,000 will complete the double top pattern. BTC/USDT could then slide to the psychological support at $100,000. Buyers are expected to defend the $100,000 level with all their might as a break below it opens doors for a breakout to the target pattern of $89,526.

This negative view will be invalidated in the near term if Bitcoin price rises and breaks above the moving averages. This suggests that the break below $107,000 may have been a trap for bears.

Ethereum price prediction

Ethereum (ETH) is witnessing a tough battle between the bulls and the bears at the support line of the descending channel pattern.

Any attempt at a recovery is expected to face selling at the 20-day EMA ($4,159). If the price falls sharply from the 20-day EMA, it increases the probability of a breakout below the support line. If this happens, the price of the ETH/USDT pair could fall to $3,350.

Buyers will have to push the Ether price above the moving averages to indicate that the pair may stay inside the bearish channel for a longer period. A new uptrend can start after buyers push the price above the resistance line.

BNB price forecast

BNB (BNB) closed below the 20-day EMA ($1,144) on Thursday and continued its decline to the 50-day SMA ($1,017) on Friday.

Buyers will try to defend the 50-day SMA with all their might, as failure to do so could accelerate the sell-off. BNB/USDT may then retest the panic lows recorded on October 10 at $860. Such a move suggests that BNB price may have reached its peak in the near term.

Any recovery from the 50-day SMA is expected to face significant selling at the 20-day SMA. Buyers will have to overcome the barrier at the 20-day EMA to indicate that the corrective phase may be over.

XRP price prediction

Sellers have pulled XRP (XRP) below the immediate support at $2.30, but the bulls are trying to reclaim that level.

If the price rises from the current level, the bears will seek to stop the recovery at the 20-day EMA ($2.63). If this happens, it indicates negative feelings. This increases the possibility of a drop below $2.30. The price of XRP may then fall to $2.

In contrast, if buyers push XRP/USDT above the 20-day EMA, a relief rally could extend to the downtrend line. This is a crucial level that the bears must defend, as a break above it would signal the bulls are back in the game. The pair may then rise towards $3.38.

Solana price forecast

Solana (SOL) stock has fallen inside a descending channel pattern, indicating a series of lower highs and lower lows.

The bears are trying to pull the price to the support line, where buyers are expected to enter. A bounce off the support line is likely to face selling at the 20-day EMA ($205). If the price falls sharply from the 20-day EMA, the bears will once again try to sink the SOL/USDT pair below the support line. If they can do this, Solana’s price could drop to $155.

Buyers will have to push the price above the 20-day EMA to indicate that the pair may stay within the channel for a longer period. A new uptrend can start after buyers push the price above the resistance line.

Dogecoin price forecast

The failure of the bulls to keep Dogecoin (DOGE) above $0.21 has renewed the selling, pushing the price near the strong support level at $0.18.

The 20-day EMA ($0.22) and the RSI in negative territory indicate that the path of least resistance is to the downside. If the price closes below $0.18, DOGE/USDT could slide to $0.16 and eventually to $0.14.

Buyers will have to quickly push the price above the 20-day EMA to indicate strength. Dogecoin price could then rise to the 50-day simple moving average ($0.23) and then to the strong overall resistance at $0.29.

Cardano price prediction

Cardano (ADA) fell below the nearby support level at $0.61, indicating that the bears have maintained selling pressure.

If the price closes below the $0.61 level, the ADA/USDT pair may extend its decline to the strong support level at $0.50. Buyers are expected to strongly defend the $0.50 support level, as a break below it increases the risk of a drop towards $0.30.

To prevent a downtrend, the bulls will have to push the price of Cardano above the 20-day EMA ($0.74). The pair could then rise to the downtrend line, which is likely to attract sellers. Buyers will have to break the downtrend line to signal the beginning of a new upward movement towards $1.02.

Related to: How much will Bitcoin fall? Regional “bank squeeze” in the US pushes BTC towards $100,000

Excessive liquids price forecast

Hyperliquid (HYPE) price fell below the $35.50 level on Friday, but the long tail on the candle shows buying at lower levels.

If the price rises from the current level, it is expected to face selling at the neckline and then at the 20-day EMA ($42.25). If the price falls from the upper resistance area, the bears will once again try to pull the HYPE/USDT pair below $35.50. If they can achieve this, Hyperliquid’s price could fall to $30.50.

Conversely, a breakout and close above the 20-day EMA indicates that selling pressure is declining. The pair may then rise to the 50-day simple moving average ($47.15) and later to $52.

Chainlink price prediction

Chainlink (LINK) fell below the support line of a descending channel pattern, indicating increased selling pressure.

The bulls are trying to stop the decline at the $15.43 support level but are likely to face selling off on any slight rise. If Chainlink price declines and drops below $15.43, LINK/USDT could drop to $12.

The bulls would have to quickly push Chainlink price above the 20-day EMA ($19.93) to indicate that the bearish momentum has weakened. Buyers will be back in the driver’s seat after they push the pair above the resistance line.

Predicting star prices

Stellar Coin (XLM) continued to decline and fell below the $0.31 support level, indicating that the bears are in control.

Sellers will try to strengthen their position by raising the Stellar price to $0.25 and then to $0.22.

Buyers have a daunting task ahead of them. They will have to push the price and keep it above the moving averages to indicate that selling pressure is decreasing. XLM/USDT could then rise to the downtrend line. Sellers will try to stop the recovery at the downtrend line, but if the bulls prevail, the pair could jump towards $0.47.

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.