Technical analysis for January 10: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH, LINK, HYPE

The bulls are striving to defend Bitcoin (BTC) around the psychological level of 90,000 USD, but selling pressure still shows no signs of easing. Material Indicators co-founder, Keith Alan, stated on X that BTC could adjust to the support zone of 87,500–89,000 USD. Even trader Roman has proposed a more pessimistic scenario, forecasting Bitcoin could slide deep down to the 76,000 USD mark.

However, the picture is not entirely bleak. CryptoQuant CEO, Ki Young Ju, believes the likelihood of Bitcoin plummeting 50% from its all-time high — as seen in previous bear market cycles — is quite low. He suggests BTC is likely to enter a sideways and accumulation phase in the “next few months.”

In the long term, optimistic signals are gradually leaning towards the bulls. Jesse Myers, Head of Bitcoin Strategy at Smarter Web Company, states that BTC tends to increase by about 95% on average in the year following a decline. If history repeats itself, 2026 could present a positive outlook for Bitcoin, after the coin decreased 6.33% in 2025.

So, can BTC and the top altcoins rebound from key support zones? Let’s delve into analyzing the charts of the 10 largest cryptocurrencies to find the answer.

Technical Analysis of BTC

Bitcoin has corrected to the moving averages, indicating that the bears are aggressively defending the 94,789 USD level.

Daily BTC/USDT Chart | Source: TradingView Both moving averages are moving sideways, while the Relative Strength Index (RSI) is near the neutral zone, reflecting a balance between supply and demand. The advantage will tilt in favor of the bulls if they push the price above the resistance level of 94,789 USD. In that case, the BTC/USDT pair could break out strongly towards the psychological level of 100,000 USD.

Conversely, if the price slips below the moving averages, it indicates that the pair may continue to fluctuate within the 84,000 to 94,789 USD range for a few more days. The bears will regain control if the price closes below 84,000 USD.

Technical Analysis of ETH

Ether (ETH) is still moving within an symmetrical triangle pattern, reflecting uncertainty about the next trend.

Daily ETH/USDT Chart | Source: TradingView If ETH’s price bounces from the moving averages and breaks above the resistance line, it indicates that the bulls have overtaken the bears. The ETH/USDT pair could then surge to 3,659 USD and subsequently to 4,000 USD.

On the other hand, if the price continues to decline and breaks below the support line, the advantage will shift to the bears. ETH could then plunge to 2,623 USD and even to 2,111 USD.

Technical Analysis of XRP

The bears have successfully defended the downtrend line and pulled XRP’s price back to the moving averages.

Daily XRP/USDT Chart | Source: TradingView The 20-day EMA is sloping upward (at 2.04 USD), along with RSI in the positive zone, indicating buyers are in control. If the price sharply rebounds from the moving averages, the probability of breaking the downtrend line increases. The XRP/USDT pair could then rise to the 2.70 USD zone, signaling a trend reversal.

Alternatively, if the price drops below the moving averages, XRP may continue to oscillate within the downtrend channel for some more time.

Technical Analysis of BNB

The correction of BNB from the 928 USD level is supported by the moving averages, showing that bulls are still participating at lower prices.

Daily BNB/USDT Chart | Source: TradingView Bulls will attempt to push the BNB price above 928 USD, completing a bullish triangle pattern. If successful, the BNB/USDT pair could rise to the target of the pattern at 1,066 USD.

Conversely, if the price breaks below the moving averages, it indicates weakening demand at higher levels. The pair could then decline back to the upward trendline and further down to the support zone of 790 USD.

Technical Analysis of SOL

Solana (SOL) rebounded from the moving averages on Thursday, indicating that the correction is seen as a buying opportunity.

Daily SOL/USDT Chart | Source: TradingView Bulls will try to consolidate their position by pushing SOL above the 147 USD mark. If successful, the SOL/USDT pair could surge to the 172 USD zone, suggesting the correction phase may have ended.

This positive scenario will be invalidated if the price reverses from the current zone or the upper resistance and breaks below the moving averages. In that case, SOL could fall back to the 117 USD level.

Technical Analysis of DOGE

Dogecoin (DOGE) reversed from the resistance zone of 0.16 USD on Tuesday and has now touched the moving averages.

Daily DOGE/USDT Chart | Source: TradingView The 20-day EMA (at 0.14 USD) is gradually trending upward, while RSI is just above the neutral level, indicating buyers are slightly in control. A close above 0.16 USD would suggest the market has rejected the breakdown below the support zone of 0.13 USD. The DOGE/USDT pair could then rise to 0.19 USD.

On the other hand, if the price breaks below the moving averages, Dogecoin may continue to trade sideways within the 0.12 to 0.16 USD range for some more time. The next downtrend could begin if the price closes below 0.12 USD.

Technical Analysis of ADA

Cardano (ADA) has corrected to the moving averages, which are expected to act as strong support zones.

Daily ADA/USDT Chart | Source: TradingView If ADA’s price bounces from the moving averages, the chances of retesting the 0.50 USD level increase. The bears are expected to defend this zone vigorously, as a break above 0.50 USD could signal a trend reversal.

Conversely, if the price breaks below the support zone of 0.37 USD, it indicates persistent bearish pressure. The ADA/USDT pair could then decline to 0.33 USD, where buying interest is expected to re-emerge.

Technical Analysis of BCH

Bitcoin Cash (BCH) rebounded from the 20-day EMA (613 USD) on Thursday, indicating demand at lower levels.

Daily BCH/USDT Chart | Source: TradingView The moving averages are sloping upward, and RSI is in the positive zone, showing that the bulls are in control. Buyers will attempt to push Bitcoin Cash above 670 USD. If successful, BCH/USDT could rally toward the higher resistance zone at 720 USD.

The first sign of weakening will appear if the price closes below the moving averages. In that case, the breakout above 631 USD could be a “bull trap.” In this scenario, the price could plunge to the 518 USD zone.

Technical Analysis of LINK

Chainlink (LINK) is witnessing a fierce struggle between the bulls and bears around the moving averages.

Daily LINK/USDT Chart | Source: TradingView If the price strongly rebounds from the moving averages, the bulls will try to push the LINK/USDT pair above the resistance of 14.98 USD. If successful, Chainlink’s price could rise to the 17.66 USD zone.

Alternatively, if the price slips below the moving averages, it indicates the pair may continue to oscillate within the 11.61 USD to 14.98 USD range for a few more days. The bears need to push the price below the support zone of 10.94 USD to gain control.

Technical Analysis of HYPE

Hyperliquid (HYPE) is trading around 25.05 USD, having reversed from the 50-day SMA (28.48 USD) on Wednesday and fallen below the 20-day EMA (26.21 USD) on Thursday.

Daily HYPE/USDT Chart | Source: TradingView The next support zone lies along the upward trendline. If the price rebounds strongly from this trendline, it indicates bulls are buying the dip during the correction. The HYPE/USDT pair could then advance toward the upper resistance zone at 29.37 USD.

Conversely, if the price continues to decline and breaks below the upward trendline, it signals that the bulls have given up. In that case, Hyperliquid’s price could fall sharply to the 22.19 USD zone, where buying support is expected to emerge.