Hyperliquid

Resistance

Bitcoin

Cardano

<p style="text-align: justify"><a href="https://en.coin-turk.com/analyst-predicts-bitcoins-potential-growth-despite-short-term-corrections/" rel="noopener noreferrer nofollow">Bitcoin</a> is once again testing the $80,000 mark after slipping nearly 1.8% in daily trading, with the price dipping to a low of exactly $80,000 before a modest rebound. The world’s largest cryptocurrency currently hovers near $80,100 as market participants monitor whether it can sustain recent gains following a spring and summer rally.</p>
<h2 id="bitcoin-at-crossroads-as-trend-softens">Bitcoin at crossroads as trend softens</h2>
<p style="text-align: justify">After surging from about $63,000 in August to almost $87,500 in late September, Bitcoin failed to establish a new high in early October. Since then, it has given back around 8% from its recent peak, and the chart now shows a clear sequence of lower highs, reflecting increased activity from sellers.</p>
<p style="text-align: justify">The 50-day moving average, located near $80,300, has been pivotal for the uptrend since August. Bitcoin is currently testing this level, having already dropped below shorter moving averages at approximately $81,200 and $82,400. Market analysts suggest that a daily close below the 50-day line would be an initial sign that upward momentum is fading.</p>
<blockquote>
 <p>Bitcoin now sits at a crossroads: “If sellers push the price below $80,000 with rising volume, the next potential support is between $77,000 and $78,000, where previous rebounds occurred and both the 100-day ($76,600) and 200-day ($75,600) moving averages converge.”</p>
</blockquote>
<p style="text-align: justify">Despite recent declines, volumes remain low, indicating measured selling rather than panic. Experts point out that a meaningful recovery will require a visible uptick in buy-side volume.</p>
<p style="text-align: justify">On the upside, if Bitcoin holds $80,000 and reclaims levels above $82,400, market participants could view the current retreat as a routine pullback within a wider bullish trend. Surpassing $84,000 may pave the way for another approach toward the $87,500 high. Conversely, a sharp drop below $80,000 could bring $77,000 into play within days.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Level</th>
   <th>Support/Resistance</th>
   <th>Moving Average</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>$80,000</td>
   <td>Key support</td>
   <td>50-day</td>
  </tr>
  <tr>
   <td>$77,000–$78,000</td>
   <td>Next support</td>
   <td>100-day at $76,600, 200-day at $75,600</td>
  </tr>
  <tr>
   <td>$82,400</td>
   <td>Resistance (shorter averages)</td>
   <td>–</td>
  </tr>
  <tr>
   <td>$84,000</td>
   <td>Resistance</td>
   <td>–</td>
  </tr>
  <tr>
   <td>$87,500</td>
   <td>Recent high</td>
   <td>–</td>
  </tr>
 </tbody>
</table>
<h2 id="bnb-and-hyperliquid-brace-for-support-tests">BNB and Hyperliquid brace for support tests</h2>
<p style="text-align: justify">BNB, the native token of Binance, is trading near $717 after dropping roughly 1.2% in daily activity. The price briefly touched $708.89 before buyers attempted to stabilize it. This comes after an impressive rally from $540 in June to an $810 peak in October—a gain of almost 50%. The coin has since declined by about 11% as momentum shifted in favor of sellers.</p>
<p style="text-align: justify">The 100-day moving average, resting at $700, now offers crucial support. Just below, the 200-day moving average at $686 provides another safety net. Resistance remains between $733 and $750, in line with the descending shorter-term moving averages.</p>
<p style="text-align: justify">If BNB buyers manage to hold the $700 mark, a bounce above $735 could confirm ongoing support and trigger a move toward $780 and possibly the $810 high. A fall beneath that level, however, might see BNB dropping toward $686 or even $660 if selling intensifies.</p>
<blockquote>
 <p>With sellers currently in control, only a push above $735 would show renewed confidence among dip buyers and potentially set up a retest of previous highs.</p>
</blockquote>
<p style="text-align: justify">BNB is the utility token of Binance, the largest cryptocurrency exchange by trading volume globally, used for trading fee discounts, payments, and ecosystem development.</p>
<p style="text-align: justify">Hyperliquid (HYPE) is also under pressure, with a daily decline of roughly 4% to near $77.80. It has dropped below its 50-day moving average of $83 and now sits just above its 100-day moving average at $77. A failure to hold this support could threaten the gains achieved since August, as the 200-day moving average at $64.50 becomes the next technical floor.</p>
<p style="text-align: justify">Recent falling volumes on HYPE suggest sellers are not exiting en masse, but buyers remain cautious. Recovery efforts need a price move over $83 and sustained volume increases to reverse the latest slide.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Hyperliquid is a decentralized derivatives exchange and its token HYPE is used for governance, protocol incentives, and ecosystem rewards.</p>
<h2 id="cardano-slips-as-broader-market-pulls-back">Cardano slips as broader market pulls back</h2>
<p style="text-align: justify"><a href="https://en.coin-turk.com/cardano-ada-price-prospects-will-it-climb/" rel="noopener noreferrer nofollow">Cardano</a> (ADA) fell approximately 5% to $0.219 after opening at $0.2303 and dipping to $0.2159. Similar to other major altcoins, ADA benefited from a strong rebound over the past few months—rising from $0.14 in June to $0.282 in early October—before correcting about 22% from its high.</p>
<p style="text-align: justify">The main challenge for Cardano’s buyers is the resistance at the 200-day moving average near $0.241. Recent attempts to break through this barrier ended with sharp drops, reinforcing it as a critical hurdle for upward momentum. Today’s decline brought ADA to its 100-day moving average near $0.220, with the next key support at $0.200.</p>
<p style="text-align: justify">The current RSI reading near 40 signals soft momentum, but not deeply oversold conditions. Unless buyers step in, a further slide could target the $0.190 region, erasing substantial progress from recent rallies.</p>
<p style="text-align: justify">Analysts view Cardano’s moves as part of a broader market retreat; Bitcoin’s ongoing struggle to maintain $80,000 has made it tough for ADA and other altcoins to hold support. Bulls need to reclaim $0.230 to restore optimism, while a firm daily close below $0.215 could prompt additional drops.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Asset</th>
   <th>Current Price</th>
   <th>Key Support</th>
   <th>Key Resistance</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Bitcoin (BTC)</td>
   <td>$80,100</td>
   <td>$80,000, $77,000, $76,600</td>
   <td>$82,400, $84,000, $87,500</td>
  </tr>
  <tr>
   <td><a href="https://en.coin-turk.com/bnb-celebrates-9th-anniversary-with-100000-tps-plan-and-65-million-burn-milestone/" rel="noopener noreferrer nofollow">Binance Coin</a> (BNB)</td>
   <td>$717</td>
   <td>$700, $686, $660</td>
   <td>$735, $750, $780, $810</td>
  </tr>
  <tr>
   <td>Hyperliquid (HYPE)</td>
   <td>$77.80</td>
   <td>$77, $75, $64.50</td>
   <td>$83, $86, $90, $98</td>
  </tr>
  <tr>
   <td>Cardano (ADA)</td>
   <td>$0.219</td>
   <td>$0.220, $0.200, $0.190</td>
   <td>$0.230, $0.241, $0.260, $0.282</td>
  </tr>
 </tbody>
</table>
<p>The post <a href="https://en.coin-turk.com/bitcoin-tests-80000-bnb-and-ada-approach-key-support-levels/" rel="noopener noreferrer nofollow">Bitcoin tests $80,000, BNB and ADA approach key support levels</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin tests $80,000, BNB and ADA approach key support levels

Table of Contents

COINTURK NEWS

Other articles published on Oct 16, 2026

Bitget Offers JIO Pre-IPO Perpetuals With 20x Leverage

Zebec takes stablecoin pay streams private on Aleo

Mastercard puts stablecoins and regular money in one account

Best Crypto to Buy in 2026: Arthur Hayes Spends $888K on Altcoins, as Analysts Put a 1000x Call o...

Ciforus Presale Update: Is the $0.035 Price About to Change Soon?

Fed Chair Warsh’s Bangkok Speech: 4 Key Takeaways and What They Mean for Bitcoin

Join our free newsletter for daily crypto updates!