Price analysis 1/10: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, SUI, TON

Bitcoin (BTC) made a solid recovery on Jan. 10, and the bulls are trying to maintain the price above $94,000. This suggests that the bulls continue to view the dips near $90,000 as a buying opportunity. Blocktrends head of research Cauê Oliveira wrote in a Jan. 8 CryptoQuant post that large players were buying Bitcoin just below $95,000.

A Bitwise survey of 430 financial advisers conducted between Nov. 14 and Dec. 20 shows that 56% of the respondents are more likely to invest in cryptocurrencies in 2025 following Donald Trump’s United States presidential election victory. Additionally, among the advisers who are already investing, 99% plan to “either maintain or increase” their crypto exposure this year.

The arrival of new investors could be good news for both Bitcoin and altcoins. Real Vision co-founder and CEO Raoul Pal said in a post on X that the crypto markets are headed to a phase where “everything goes up, followed by a bigger consolidation.” 

What are the critical resistance levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin turned up from $91,203 on Jan. 9, indicating that the bulls are aggressively defending the $90,000 support.

The first test for the bulls on the upside will be at the moving averages. If the price turns down sharply from the moving averages, the risk of a break below $90,000 increases. The BTC/USDT pair could then slump to $85,000. Buyers are expected to defend the $85,000 to $90,000 zone with all their might because a break and close below it will signal a short-term trend change.

On the upside, the first sign of strength will be a break and close above the downtrend line. The pair may then rise to $102,725 and subsequently to $108,353.

Ether price analysis

Ether (ETH) has formed a head-and-shoulders pattern, which will be completed on a break and close below the neckline.

As the neckline is sloping up, the bearish pattern is relatively less reliable, but traders should not neglect it. The downsloping 20-day exponential moving average ($3,451) and the relative strength index (RSI) in the negative territory indicate that bears hold the edge. If the price turns down from the current level or the 20-day EMA and breaks below the neckline, the ETH/USDT pair risks falling to $2,850.

If bulls want to prevent the downside, they will have to drive the price above the 20-day EMA. The pair could then climb to $3,745.

XRP price analysis

XRP (XRP) has been trading inside a symmetrical triangle pattern, indicating a balance between supply and demand.

The flattish 20-day EMA ($2.29) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price breaks and closes above the resistance line, it will signal that the bulls have overpowered the bears. That may start a rally to $2.73 and later to $2.91.

Conversely, a break and close below the support line will suggest that the XRP/USDT pair may have topped out in the near term. The pair may then tumble to $1.62.

BNB price analysis

BNB (BNB) closed below the 50-day simple moving average ($691) on Jan. 9, but the bears are struggling to sustain the lower levels.

The bulls are trying to push the price above the moving averages. If they manage to do that, the BNB/USDT pair could challenge the overhead resistance at $745. A break and close above $745 could propel the pair to $794. The bears will try to defend the level with all their might, but if the bulls prevail, the next stop could be $935.

On the contrary, if the price turns down from the 20-day EMA, it will signal that the bears are trying to take charge. That could sink the pair to the solid support at $635. 

Solana price analysis

Solana (SOL) has rebounded off the uptrend line, indicating that the bulls continue to defend the level aggressively.

Buyers will have to push and maintain the price above the 50-day SMA ($215) to indicate a comeback. Until then, every relief rally is likely to be sold into.

If the price turns down from the 20-day EMA, the risk of a break below the uptrend line increases. There is support at $175, but the level is likely to be broken. The SOL/USDT pair could then plummet to $155. Such a move will signal that the pair may continue oscillating inside the large range between $116 and $260 for a while longer.

Dogecoin price analysis

Dogecoin (DOGE) has been consolidating between $0.30 and $0.40 for the past few days, indicating buying on dips and selling on rallies.

The DOGE/USDT pair is trying to move up but is likely to face selling at the 20-day EMA  ($0.34). If the price turns down sharply from $0.34, the $0.30 level will be in danger of breaking down. The pair may then slump to $0.27.

Alternatively, a break and close above the 20-day EMA will keep the range-bound action intact. The pair may then attempt a rally to the overhead resistance of $0.40. Buyers will have to clear this hurdle to gain the upper hand.

Cardano price analysis

Cardano (ADA) has turned up from the uptrend line, indicating that the lower levels are attracting buyers.

The relief rally is expected to face selling at the moving averages. If the price turns down from the moving averages, the possibility of a break below the uptrend line increases. The ADA/USDT pair could then plunge to $0.80.

Instead, if buyers kick the price above the 50-day SMA ($1.01), it will suggest that the selling pressure is reducing. The pair may climb to $1.15, where the bears are expected to mount a strong defense.

Related: Why is Bitcoin price stuck?

Avalanche price analysis

Avalanche (AVAX) is attempting to bounce off the strong support near $35. but the relief rally is likely to be sold into.

If the price turns down from the current level or the 20-day EMA ($39.72), it will suggest that the bears remain in command. That will increase the likelihood of a break below $33.60. The next support on the downside is $30.

Conversely, if buyers drive the price above the 20-day EMA, it will suggest that the AVAX/USDT pair may stay range-bound between $35 and $45 for a few days. Buyers will be back in the game on a close above $45.

Sui price analysis

Sui (SUI) is finding support at the 20-day EMA ($4.64), indicating that the sentiment remains positive, and traders are buying on dips.

Buyers are trying to push the price to the overhead resistance at $5.37. If this level gets taken out, it will signal the resumption of the uptrend. The SUI/USDT pair may then attempt a rally to $5.82.

If bears want to prevent the upside, they will have to yank the price below the 50-day SMA ($4.21). If they manage to do that, it will signal that a short-term top is in place. The pair may slide to $4 and later to $3.50.

Toncoin price analysis

Toncoin (TON) has been gradually slipping toward the strong support zone between $4.72 and $4.44.

Buyers are expected to fiercely defend the support zone. If the price bounces off the support zone, the TON/USDT pair could reach the 20-day EMA ($5.57). The sellers will try to retain the advantage by halting the recovery at the 20-day EMA. If the price turns down from the 20-day EMA, the bears will make another attempt to sink the pair below $4.44.

Contrarily, a break and close above the moving averages will suggest that the pair may remain range-bound between $4.44 and $7.20 for some time.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.