Bitcoin is struggling to stay above $107,000, indicating a negative sentiment in the market due to credit concerns in US regional banks. Despite this, Bitwise analysts see selling exhaustion and a potential contrarian buying opportunity. Glassnode, however, believes the market needs fresh demand to confirm recovery.

BTC fell below $107,000, potentially forming a double-top pattern that could lead to a drop to $100,000 or even $89,526. A break above moving averages may signal a bear trap. Ether is locked in a battle at the descending channel support, with a potential drop to $3,350 if support fails.

BNB closed below the 20-day EMA and may test the 50-day SMA at $1,017. Failure to defend this level may lead to a retest of the Oct. 10 low at $860. XRP faces resistance at $2.63, with a potential drop to $2.30 or lower. Solana is in a descending pattern, with a potential dive to $155.

Dogecoin struggles to stay above $0.18, with a possible drop to $0.14 if support fails. Cardano fell below $0.61, risking a decline to $0.50 or $0.30. Hyperliquid broke below $35.50, showing potential for a drop to $30.50 but may rise to $52 if resistance is broken. Chainlink fell below support, facing pressure to stay above $15.43.

Stellar slipped below $0.31, signaling bearish control with a potential drop to $0.22. Buyers need to push above moving averages to signal reduced selling pressure. This information is not investment advice, and readers should conduct their research before making decisions.

Read more at Cointelegraph: Bitcoin, Altcoins Continue Sell-off: Is Uptober Over?