Price analysis 10/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB – Cointelegraph

Bitcoin (BTC) has rebounded sharply, approaching $62,500 on October 11th, indicating active buying at lower levels.

However, analysts are divided on the next direction for Bitcoin. During a panel discussion at the Permissionless conference, 10T Holdings founder Dan Tapiello said Bitcoin will reach $100,000 “relatively soon.”

In contrast, analyst Cole Garner said in a post on X that Bitcoin could capitulate due to tight liquidity in the short term. He expects Bitcoin to fall below $50,000.

While short-term traders are concerned about short-term price movements, Bitcoin whales appear to be in the midst of an acquisition spree. CryptoQuant contributor Axel Adler Jr. said in a post on

If Bitcoin sustains its rally above $62,000, some altcoins could rise further. To find out, let's analyze the charts of the top 10 cryptocurrencies.

Bitcoin price analysis

Bitcoin fell below the support at $59,828 on October 10th, but the positive sign is that the bulls bought the dip, as evidenced by the long tail of the candlestick.

If buyers sustain the price above the 20-day exponential moving average ($61,947), aggressive bears could be trapped. The BTC/USDT pair then attempts to rise to the $65,000 to $66,500 resistance zone.

This optimism will be negated if the price declines below $58,946. The bears will then try to push the pair back up to $57,500 and eventually to the crucial support at $54,000. Buyers are expected to step in to protect the $54,000 level.

Ether price analysis

Ether (ETH) is trading below its moving averages, but the bears have not been able to push the price down to the support of the symmetrical triangle. This suggests that selling will dry up at lower levels.

Buyers will try to push the price above the moving average and start moving towards the resistance line. Sellers will try to keep the price within the triangle by defending the resistance line, but if buyers break out bullishly, the ETH/USDT pair could rise to $2,850 and then $3,409.

Alternatively, if the price declines from the moving averages and falls below $2,300, it would suggest that the bears are trying to take control. After that, the pair may fall to the support line.

BNB price analysis

BNB (BNB) fell below the 20-day EMA ($567) on October 10, but the bulls were able to defend the 50-day simple moving average ($553).

The bulls initiated a rescue rebound on October 11, pushing the price above the 20-day EMA. The BNB/USDT pair needs to maintain momentum and move above $587 to open the door to a possible rally to the overhead resistance at $635.

Rather, it would signal an advantage for the bears if the price declines below the 50-day SMA. There is important short-term support at $527, but if it fails to hold, the BNB/USDT pair could fall to the solid support at $460.

Solana price analysis

Solana (SOL) closed below its 50-day SMA ($141) on October 9, but the bears were unable to push the price below the nearby support at $133.

The bulls are trying to push the price above the October 11 moving average. If that happens, the SOL/USDT pair could rise to $152. This level could act as a small resistance, but if it is exceeded, the pair could rise to $164.

The Bears likely have other plans. They will try to stick to the moving averages and push the price below $133. If this happens, the pair could fall to $127 and then reach the solid support at $116.

XRP price analysis

XRP (XRP) has been trading within a small range between $0.50 and $0.55 for the past few days, indicating a tough battle between bulls and bears.

The first sign of strength for the bulls would be a breakout above the moving averages. This signals the beginning of a rally to the overhead resistance at $0.64, which could pose another solid challenge for the bulls.

Conversely, if the price declines from current levels or the moving average and falls below $0.50, it would indicate that the dominance has tilted in favor of the bears. The pair could plummet to $0.46 and then $0.41.

Dogecoin price analysis

Dogecoin (DOGE) has been trading above its 50-day SMA ($0.10) for the past few days, but the bulls have been unable to mount a strong recovery. This suggests that the bears are selling in a rising market.

If the bulls want to gain the upper hand, the price needs to sustain above the 20-day EMA ($0.11). The DOGE/USDT pair could then try to rally towards the triangle resistance line.

Conversely, if the price drops from the 20-day EMA and drops below the 50-day SMA, it would indicate that the bulls have given up. If this happens, the pair could sink to the triangular support line. If the price breaks below the triangle, a fall to $0.08 could begin.

Toncoin price analysis

Toncoin (TON) has been gradually descending towards the strong support at $4.72, but its momentum is slowing.

The bulls will try to push the price above the moving average, which is an important short-term resistance to watch. If it is successful, the TON/USDT pair could rise to $6 and then $7.

Alternatively, if the price declines from the moving averages, it would suggest that the bears continue to have the upper hand. This increases the likelihood of a retest of the strong support zone between $4.72 and $4.44.

Related: Bitcoin hits US PPI overshoot as BTC price recovers from drop below $59,000

Cardano price analysis

Cardano (ADA) is still below the moving averages, but the bears have not been able to push the price down to the solid support at $0.31.

Buyers will make another attempt to push the price above the moving average. If successful, the ADA/USDT pair is likely to rise to the overhead resistance level at $0.40. This level may act as a solid hurdle, but if the bulls overcome it, the pair could rise to $0.45 and then $0.50.

Conversely, if the price drops sharply from the moving average and falls below $0.33, the pair could reach the support at $0.31.

Avalanche price analysis

Avalanche (AVAX) is attempting to find support at the 50-day SMA ($25.27), indicating that the bulls are active at lower levels.

If the price rises above the 20-day EMA ($26.39), the bulls will try to push the AVAX/USDT pair up to the resistance line of the symmetrical triangle pattern. If the price drops sharply from the resistance line, it indicates that the pair may remain within the triangle for some time.

The next trend move may begin with a break above or below the triangle. If the price rises above the resistance line, the pair could attempt a rally to the pattern target of $46. On the downside, a break below the support line could cause the pair to plummet to $17.

Shiba Inu price analysis

Sellers pulled Shiba Inu (SHIB) below the 20-day EMA ($0.000017) on October 10, but the long tail of the candlestick indicates buying at lower levels.

The SHIB/USDT pair extended its recovery on October 11th, indicating continued bullish demand at higher levels. If buyers increase the price above $0.000019, the pair can rise to $0.000022. This level could again pose a strong hurdle, but if the bulls prevail, the rally could extend to $0.000026.

If the bears want to arrest the rally, they will need to quickly push the price below the 20-day EMA. This could trigger a return to the 50-day SMA ($0.000015) and then to the key support at $0.000012.