Crypto Price Analysis 1/30: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR - Market Outlook
Chart analysis indicates potential additional losses for Bitcoin and alternative cryptocurrencies should BTC's crucial $80,000 support level break. Are bullish investors accumulating during price dips according to market data?
Main highlights:
- The breakdown of Bitcoin beneath $84,000 shifts momentum toward the bears, potentially paving the way for a descent to $74,508.
- Multiple prominent altcoins have dropped beneath critical support zones, indicating that sellers are gaining control of the market.
Bitcoin (BTC) continues facing downward pressure as sellers work to keep the price beneath the $84,000 mark. The descent of BTC toward $81,000 resulted in $1.77 billion worth of liquidations over the past 24 hours, according to data from CoinGlass.
Multiple market analysts have adopted a bearish stance and predict BTC's downward trajectory will persist. These analysts expect BTC to drop beneath the significant $74,500 low that was established in April 2025, which followed US President Donald Trump's tariff announcement on "Liberation Day."
Despite this, bearish sentiment is not universal regarding BTC. Pav Hundal, lead analyst at Swyftx, informed Cointelegraph that BTC might establish a bottom within the coming 40 days should historical patterns repeat themselves, noting that BTC bottoms "have historically lagged gold's relative strength by about 14 months."
Is it possible for BTC and major alternative cryptocurrencies to initiate a recovery rally? Let's examine the technical charts of the top 10 cryptocurrencies to determine potential outcomes.
Bitcoin price analysis
BTC experienced a sharp reversal from the 20-day exponential moving average ($89,165) on Thursday, subsequently dropping beneath the $84,000 support level.
The $80,600 mark represents the key support level that requires attention in the immediate term. Should sellers drive the Bitcoin price beneath $80,600, the BTC/USDT pair could continue declining toward the critical support zone at $74,508.
However, buyers likely have different intentions. They will make efforts to protect the $80,600 level and drive the price higher than the moving averages. Should they succeed in this endeavor, it indicates that the market has rejected the drop beneath $84,000. The pair could then rally toward the $94,789 to $97,924 resistance area.
Ether price analysis
Ether (ETH) experienced a reversal from the moving averages on Thursday, dropping beneath the $2,787 mark, which suggests selling pressure during minor upward movements.
The declining 20-day EMA ($2,999) combined with the RSI positioned in negative territory suggests sellers maintain an advantage. The Ether price could fall to the $2,623 level, which will likely draw in buyers. Nevertheless, should the bears maintain dominance, the ETH/USDT pair is expected to continue its downward trajectory toward $2,111.
The window of opportunity is narrowing for the bulls. They must quickly drive the ETH/USDT pair higher than the moving averages to demonstrate strength. Following this, the pair could advance to the resistance line.
BNB price analysis
The inability of bulls to keep BNB (BNB) above the 20-day EMA ($890) on Thursday sparked selling activity, which has brought the price down to the uptrend line.
The bulls are anticipated to defend the uptrend line aggressively, given that a close beneath it could push the BNB/USDT pair down to the $790 level. A breakdown and close beneath the $790 support creates the risk of initiating the subsequent leg of the downtrend toward $730.
On the other hand, should the BNB price rebound from the uptrend line, it indicates that bulls continue accumulating on price dips. The pair could then advance toward the $928 to $959 overhead resistance area, where sellers are anticipated to enter the market.
XRP price analysis
XRP (XRP) reversed from the moving averages, subsequently falling beneath the $1.77 level, which demonstrates that sellers maintain control.
The XRP/USDT pair is expected to decline to $1.61, representing a critical level requiring close monitoring. Should sellers force the XRP price beneath the $1.61 support, the pair faces the risk of dropping to the support line of the descending channel formation.
Alternatively, should the price rebound from $1.61, it is anticipated to encounter selling pressure at the moving averages. If buyers can clear this obstacle, the pair could advance to the downtrend line. A close above the downtrend line would indicate that bulls have regained control.
Solana price analysis
The range-bound movement of Solana (SOL) between $117 and $147 broke to the downside on Thursday, indicating that sellers are working to gain control.
Should the Solana price close beneath $117, the SOL/USDT pair faces the risk of declining to the $95 support. Buyers are anticipated to mount a robust defense at the $95 level, given that a breakdown beneath it could drive the pair down to $79.
The bulls must drive the price back above the moving averages to indicate that the breakdown beneath $117 could have been a bear trap. The pair could then climb to the $147 resistance level.
Dogecoin price analysis
Dogecoin (DOGE) completed a close beneath the $0.12 support on Thursday, indicating the downtrend has resumed.
The bulls will make efforts to drive the Dogecoin price back higher than the breakdown level of $0.12 but are anticipated to encounter significant resistance from sellers. Should the price reverse from the $0.12 level or the moving averages, it increases the risk of a decline to the Oct. 10, 2025, low of $0.10.
This bearish outlook will be negated in the short term should the DOGE/USDT pair rebound and break higher than the moving averages. This would indicate strong buying activity at lower levels, creating opportunities for a potential advance to $0.16.
Cardano price analysis
Cardano (ADA) is experiencing an intense struggle between buyers and sellers at the $0.33 level.
Should the Cardano price close beneath the $0.33 support, the ADA/USDT pair could descend to the support line of the descending channel formation. The bulls are anticipated to protect the support line, which lies near the Oct. 10, 2025, low of $0.27.
In contrast to this scenario, should the price rebound from the current level and break higher than the downtrend line, it demonstrates that bulls remain active at lower levels. This creates possibilities for an advance to the breakdown level of $0.50.
Bitcoin Cash price analysis
Bitcoin Cash (BCH) dropped beneath the $563 support on Thursday, finalizing a bearish head-and-shoulders formation.
The bulls will make efforts to drive the Bitcoin Cash price back higher than the $563 level but are anticipated to face significant resistance from sellers. Should the price reverse from $563, it indicates that sellers have converted the level into resistance. This raises the probability of a decline to $518 and subsequently to the pattern target of $456.
This bearish perspective will be invalidated in the near term should buyers propel the price higher than the $604 resistance. The BCH/USDT pair could then advance to $631 and later to $670.
Hyperliquid price analysis
Hyperliquid (HYPE) reversed from the breakdown level of $35.50 on Thursday, demonstrating that sellers are aggressively defending the level.
The 20-day EMA ($26.36) represents the crucial support level requiring monitoring on the downside. Should the price rebound from the 20-day EMA, the bulls will once more attempt to drive the HYPE/USDT pair higher than $35.50. Should they accomplish this, the pair could rally to $44.
On the contrary, should the Hyperliquid price drop beneath the moving averages, the pair could consolidate between $35.50 and $20.82 for an extended period. The downtrend could continue upon a breakdown beneath $20.82.
Monero price analysis
The inability of bulls to drive Monero (XMR) higher than the 50-day SMA ($482) demonstrates that sellers are offloading during every minor upward movement.
The bulls are working to protect the $417 support as evidenced by the extended tail on the candlestick. The recovery rally is anticipated to face selling pressure at the moving averages. Should the price reverse from the moving averages, the probability of a breakdown beneath the $417 level rises. The XMR/USDT pair could then plunge to $360.
Buyers face a challenging task ahead of them. They must drive the Monero price higher than the 20-day EMA ($501) to indicate a recovery. The pair could then advance toward $546, where sellers are anticipated to enter the market.
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