Technical Analysis on October 18: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, XLM

BTC is still under pressure as the bears attempt to keep the price below the important support level of 107,000 USD. This drop reflects the still negative market sentiment, as many investors are temporarily standing aside to catch the bottom, fearing credit risks from regional banks in America.

However, according to Bitwise's weekly report “The Cryptocurrency Market Compass,” large liquidations on October 10th indicate signs of selling exhaustion, limiting the possibility of BTC falling further. They stated that the drop in the Cryptoasset Sentiment index to near early August 2024 represents a potential “catch the bottom” opportunity.

Meanwhile, Glassnode provides a cautious perspective. The company's recent report suggests that the market is in a phase of re-establishment and needs new demand to confirm recovery. The supply from long-term holders has decreased by about 0.3 million BTC since July 2025, indicating that veteran investors are taking profits. Glassnode forecasts that the market will enter a “accumulation phase.”

So what are the important support levels that investors should monitor on BTC and major altcoins? Let's analyze the charts of the top 10 cryptocurrencies to find the answer.

Technical Analysis of BTC

BTC continues its falling trend and plummeted below the support level of 107,000 USD on Friday, but the long candle tail indicates that buying pressure is emerging at lower price levels.

BTC/USDT daily chart | Source: TradingViewIf the closing price is below 107,000 USD, the “double top” pattern will be completed. The BTC/USDT pair could slide down to the psychological support level of 100,000 USD. The bulls are expected to strongly defend the 100,000 USD level, as breaking through this level would open the door for a collapse towards the pattern target of 89,526 USD.

This negative view will be invalidated in the short term if the Bitcoin price reverses upwards and breaks through the moving averages, suggesting that a drop below 107,000 USD could be a “bear trap.”

Technical Analysis of ETH

ETH is witnessing a fierce battle between the bulls and the bears at the support line of the descending channel pattern.

ETH/USDT daily chart | Source: TradingViewAny recovery efforts are expected to face selling pressure at the 20-day EMA (4,159 USD). If the price falls sharply from the 20-day EMA, the likelihood of breaking through the support line will increase. If that happens, the ETH/USDT pair could plunge to 3,350 USD.

The bulls will need to push the price of Ether above the moving averages to signal that the pair can sustain itself in the downtrend for a while longer. A new uptrend may begin after buyers push the price above the resistance level.

Technical Analysis of BNB

BNB closed below the 20-day EMA (1,144 USD) on Thursday and extended the downtrend to the 50-day SMA (1,017 USD) on Friday.

BNB/USDT Daily Chart | Source: TradingViewBuyers will try to defend the 50-day SMA at all costs, as failure could accelerate selling pressure. The BNB/USDT pair may retest the panic low of 860 USD on October 10. This movement suggests that the price of BNB may have reached a short-term peak.

Any recovery from the 50-day SMA is expected to face strong selling pressure at the 20-day EMA. The bulls need to overcome the 20-day EMA barrier to signal that the correction phase may have ended.

Technical Analysis of XRP

The bears have pulled XRP below the nearest support level, but the bulls are trying to reclaim this level.

XRP/USDT daily chart | Source: TradingViewIf the price increases from the current level, the bears will attempt to halt the recovery at the 20-day EMA (2.63 USD). This will signal negative sentiment and increase the likelihood of the price breaking through the 2.30 USD level, causing XRP to potentially fall to 2 USD.

On the contrary, if the bulls push the XRP/USDT pair above the 20-day EMA, the recovery could extend to the downward trend line. This is an important level for the bears to defend, as a break would allow the bulls to return and the pair could move towards 3.38 USD.

Technical analysis of SOL

SOL is falling in a descending channel pattern, reflecting a series of lower highs and lower lows.

Daily SOL/USDT Chart | Source: TradingViewThe bears are trying to pull the price down to the support line, where buyers are expected to appear. A bounce from the support line may encounter selling pressure at the 20-day EMA (205 USD). If the price falls sharply from the 20-day EMA, the bears will attempt to push SOL/USDT below the support line. If successful, Solana could plunge to 155 USD.

The buyer will need to push the price above the 20-day EMA to signal that the currency pair can remain in the channel for a while longer. A new uptrend may begin after the price breaks above the resistance level.

Technical analysis of DOGE

The inability of the bulls to maintain Dogecoin (DOGE) above the 0.21 USD level has triggered a new wave of selling, pulling the price closer to the strong support level of 0.18 USD.

Daily DOGE/USDT Chart | Source: TradingViewThe 20-day EMA is sloping down (0.22 USD) and the RSI in the negative zone indicates that the easiest direction currently is to fall. If the price closes below 0.18 USD, the DOGE/USDT pair may slide down to 0.16 USD and eventually to 0.14 USD.

The buyer will need to quickly push the price above the 20-day EMA line to signal strength. The price of Dogecoin could then rise to the 50-day SMA (0.23 USD) and then hit strong resistance above at 0.29 USD.

Technical Analysis of ADA

Cardano (ADA) has fallen below the support level of around 0.61 USD, indicating that the bears are still maintaining selling pressure.

ADA/USDT Daily Chart | Source: TradingViewIf the closing price is below 0.61 USD, the ADA/USDT pair may continue to fall to the strong support level of 0.50 USD. Buyers are expected to strongly defend the support area of 0.50 USD, as breaking this level would increase the risk of a deeper fall to 0.30 USD.

To prevent the downtrend, the bulls will have to push the price of Cardano above the 20-day EMA at (0.74 USD). After that, the pair may recover to the downtrend line, where it is likely to attract the bears. Buyers will need to break through the downtrend line to signal the beginning of a new uptrend towards 1.02 USD.

Technical Analysis HYPE

Hyperliquid (HYPE) broke the level of 35.50 USD on Friday, but the long tail on the candle indicates that there is buying pressure at lower levels.

Daily HYPE/USDT Chart | Source: TradingViewIf the price bounces from the current level, it is expected to face selling pressure at the neckline and then at the 20-day EMA (42.25 USD). If the price falls from the upper resistance zone, the bears will once again try to pull the HYPE/USDT pair below 35.50 USD. If successful, Hyperliquid's price could drop to 30.50 USD.

Conversely, breaking out and closing above the 20-day EMA indicates that selling pressure is falling. Subsequently, this currency pair may rise to the 50-day SMA (47.15 USD) and higher to 52 USD.

Technical Analysis of LINK

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

Daily chart of LINK/USDT | Source: TradingViewThe bulls are trying to halt the fall at the support level of 15.43 USD, but they are likely to face selling pressure even if the price increases slightly. If the price of Chainlink continues to fall and breaks below 15.43 USD, the LINK/USDT pair may drop to 12 USD.

Bullish forces will need to quickly push Chainlink's price above the 20-day EMA (19.93 USD) to signal that the downtrend has weakened. Buyers will return to dominate after they push this pair above the resistance line.

Technical analysis of XLM

Stellar (XLM) continues to fall and slips below the support level of 0.31 USD, signaling that the bears are in control.

Daily XLM/USDT Chart | Source: TradingViewThe bears will attempt to consolidate their position by pulling the price of Stellar down to 0.25 USD and then to 0.22 USD.

Buyers will face a tough task. They will need to push and maintain the price above the moving averages to signal that selling pressure is decreasing. The XLM/USDT pair may then rise to the downtrend line. Bears will try to halt the recovery at the downtrend line, but if bulls gain the upper hand, the currency pair could head towards 0.47 USD.

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