In Brief
Binance Coin (BNB) Bears Target $680
Binance Coin (BNB) is under selling pressure again. It couldn’t hold its recovery above the $750 resistance zone, and on the daily chart the price has reversed sharply to around $696.43. That reversal has done real damage to the short-term picture.
The trend had been a strong one: BNB climbed from its July lows near $545 to an October peak around $810. Since then every high has come in lower than the one before, and that usually means buyers are running out of steam.
The price has now slipped under several short-term moving averages, as well as the orange 100-day average at about $707. Below that sit the long-term averages, at $690.
Close the day under $690 and the next support is $680. It could obviously drop further than that. Still, $650 has proved an effective floor in the past, and buyers are more likely to step in there.
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For things to look better, bulls first have to take back $710. A recovery above 735–750 would put buyers back in control and set up another test of $770.
The Relative Strength Index (RSI) has sagged toward the bottom of its neutral range. Momentum is fading, but BNB isn’t deeply oversold yet. Trading activity picked up during the drop too, so this wasn’t a quiet slide.
BNB Price Outlook: While BNB stays below $710, the short-term bias is bearish. A bounce is possible if 680–690 holds. If that zone breaks, BNB could be looking at further losses toward $650.
Bitcoin Sellers Test the 200-Day MA
Bitcoin (BTC) has come under fresh selling, and a sharp drop has taken it toward a major long-term support zone. At the time of analysis on October 30, BTC was trading around $76,650 following a decisive rejection from the 81,000–82,000 resistance region.
On the daily chart, Bitcoin has fallen through several short- and medium-term moving averages, and the latest bearish candle dragged it down to the 200-day moving average, the black line near 76,400–76,600. Bulls really can’t afford to lose that line. A daily close beneath it, and the decline could continue.
Immediate support sits at 76,000–76,500, right where the long-term moving average meets the price. If sellers push through, the next downside targets are around $74,000 and $72,000. A deeper correction could eventually bring the $70,000 psychological level into play.
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To stabilize at all, Bitcoin first needs to reclaim $78,000. Even then, heavier resistance is waiting between $80,000 and $82,000, where several moving averages bunch together.
The daily RSI has slipped to the mid-30s. Sellers are gaining momentum, and while the indicator is getting close to oversold, it hasn’t given a convincing reversal signal yet. Selling volume was high during the decline as well, so sellers are still very much active.
Bitcoin’s next move depends largely on one question: can buyers defend the 200-day moving average?
If it rebounds above $78,000, a recovery toward 80,000–82,000 could follow. A confirmed break below $76,000, on the other hand, would strengthen the bearish case and make a longer correction toward $72,000 more likely.
Bitcoin is at an inflection point. For now, sellers have the short-term advantage.
XRP Hits Support Near $1.20
XRP lost a key support region near $1.30, and the bearish pressure is growing. As of October 30 it was trading around $1.2352, extending its recent decline after repeatedly failing to hold momentum above $1.40.
The daily XRP/USD chart shows lower highs, weakening momentum and a break below several moving averages. After September’s rally toward $1.60, XRP started to correct, and the recovery attempts since then never turned into a lasting uptrend. That left it open to more selling.
Now the latest drop has pushed XRP below its major moving averages, the 200-day near 1.36–1.37 included, which keeps the bearish picture intact.
The nearest support is around $1.20–$1.22. The latest intraday lows are there, and $1.20 is a round number besides.
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If XRP breaks below $1.20 and the break is confirmed, selling pressure could speed up toward $1.15 and then the $1.10 support area. If sellers keep control, the $1.00 psychological level could become a longer-term target.
On the upside, the first resistance is between $1.28 and $1.30. Reclaiming it would be an early sign that selling is easing. Above that, 1.33–1.37 is tougher, since several moving averages meet there.
RSI has fallen to the low 30s, which signals strong bearish momentum and puts XRP close to oversold. Oversold readings can lead to short rebounds. They don’t prove the bottom is in, though.
Volume was also higher on the way down, giving the breakdown more weight.
Short term, XRP stays bearish while it trades below $1.30. A recovery above that level could let buyers try for the 1.35–1.40 resistance zone, but as long as XRP is under the major moving averages, sellers keep the upper hand.
And if the $1.20 region fails, the correction could stretch toward $1.15 and possibly $1.10. Until buyers reclaim the key resistance levels, the downside risks remain high.
Ethereum Bears Push Price Below $2,300
Ethereum (ETH) has extended its slide, dropping below $2,300 as sellers took more control. On the daily chart, ETH trades near $2,222.59 after a sharp rejection from the 2,350–2,400 resistance region.
It’s been a big drop from the October peak near $2,800. The series of lower highs and lower lows points to a bearish trend, and that comes after a strong recovery in August and September.
The latest sell-off took ETH below every major moving average on the chart. The most worrying part is the break below the longer-term averages around 2,300–2,360, which used to act as support.
Buyers may try to hold the nearest support at 2,170–2,200. A clear break below it could speed the selling up toward $2,100 and then the $2,000 threshold.
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To ease the downside pressure, Ethereum needs to win back $2,300. There’s more resistance near $2,350, and a sustained move above $2,450 would be a more convincing sign that buyers are returning.
RSI sits near the lower edge of its neutral range, in line with steady selling. ETH is getting close to oversold, but the indicator hasn’t confirmed a bullish reversal.
Heavy trading volume during the decline only adds to the worries about sentiment. The wider crypto sell-off also came at the same time as reports of a major Binance security incident, which added uncertainty across digital assets.
