Price analysis October 18: BTC, ETH, BNB, SOL, XRP, DOGE, TON, AVAX
The BTC/USDT pair is likely to reach $70,000 and then $72,000. Sellers are expected to fiercely defend this zone, but if the bulls prevail, the pair could surge to the all-time high at $73,777. This level is again expected to act as a formidable hurdle.
$BNB is gradually climbing toward the overhead resistance of $635, where the bears are likely to step in.
The gradually upsloping moving averages and the relative strength index (RSI) in the positive territory give a slight edge to the buyers. If bulls pierce the $635 resistance, the BNB/USDT pair could rally to $722 and then to $810.
The bulls will make one more attempt to propel the price above the $164 overhead resistance. If they succeed, the SOL/USDT pair will complete an ascending triangle pattern. This bullish setup could start a rally to $189.
Ripple (XRP)
If the price turns up from the current level or rebounds off the uptrend line, it will suggest that the bulls are buying on dips. That will increase the likelihood of a break above the 50-day simple moving average ($0.56). The XRP/USDT pair may then attempt a rally to $0.64.
Dogecoin (DOGE)
If the price holds above the triangle, the DOGE/USDT pair could rally to $0.17 and subsequently to the pattern target of $0.19.
Toncoin (TON)
That improves the prospects of a rally above the moving averages. If that happens, the TON/USDT pair could rally to $6, where the bears may again mount a strong defense. However, if buyers bulldoze their way through, the pair may rally to $7.
Avalanche (AVAX)
Avalanche (AVAX) turned down from the resistance line of the symmetrical triangle pattern on Oct. 14, but the bulls are trying to defend the 20-day EMA ($27.30).
If the price rebounds off the 20-day EMA with strength, the bulls will again attempt to drive the AVAX/USDT pair above the resistance line. If they can pull it off, the pair could rally to $37 and then to $42.
