BTC is trading above $103k, up 1.5% in the last 24 hours.
The coin could face further volatility amid weakening institutional demand.
Bitcoin reclaims $103k
The price of Bitcoin has been trading around $103k over the last few hours after rebounding from the $100k key support level on Wednesday. The short-term recovery is marred by the weakening institutional demand, as spot Bitcoin Exchange Traded Funds (ETFs) recorded $137 million in outflows on Wednesday, bringing their losing streak to six days.
Furthermore, on-chain data reveal that Bitcoin could face further selling pressure if the $100k psychological level fails to hold. In its report on Wednesday, CryptoQuant noted that Bitcoin’s price is currently hovering near critical support levels, a breakdown of which could trigger a sharper market correction.
The report added that if Bitcoin faces enough selling pressure in the near term, it could lose its $100k support level and dump towards the next major psychological level at $72k.
Bitcoin could retest the $100k support level
The BTC/USD 4-hour chart remains bearish and efficient after Bitcoin faced rejection around its previously broken trendline earlier this week and declined 8.18% on Tuesday. The dip saw Bitcoin retest the 50% retracement level at $100,353 before reclaiming the $103k level on Wednesday.
At press time, Bitcoin is trading around the $103k region. The RSI of 38 means that Bitcoin is still facing selling pressure, with the MACD lines also within the bearish region.
If the support level at $100,350 holds, Bitcoin’s price could rally towards the next resistance level at $106,435 over the coming hours and days. An extended bullish run would allow Bitcoin to reclaim its weekly high above $109k.
However, if the support level fails to hold, Bitcoin could extend its decline toward the next daily support at $97,460. Further downward movement would see BTC trading below $90k for the first time in six months.
Solana’s SOL is down 1% in the last 24 hours and is approaching $160 after dropping to $146 on Tuesday.
The cryptocurrency could reclaim the $170 high if the recovery continues.
SOL recovers from the Tuesday dump
SOL, the native coin of the Solana ecosystem, is trading close to the $160 mark after recording massive losses on Tuesday. The coin dipped to the $146 mark on Tuesday, sweeping the low of August 4th before embarking on a recovery.
It has now added nearly 5% to its value over the last few hours and is now trading at $159 per coin. The positive performance comes as the broader cryptocurrency market recovers from the dump.
Bitcoin briefly dipped below $100k on Tuesday but has now recovered and is trading above $102k per coin. Ether is also trading above $3,300 after testing the $3k psychological level.
SOL could rally to $170 amid market recovery
The SOL/USD 4-hour chart is bearish and efficient as the cryptocurrency has underperformed in recent days. The technical indicators remain bearish but are showing signs of recovery.
The 4-hour RSI of 32 means that SOL is currently in the oversold region. This could give it a breather and allow the coin to rally higher in the near term. The MACD lines are also within the bearish region, suggesting selling pressure.
If SOL continues its recovery, it could rally towards the first major resistance level at $170 over the next few hours. An extended bullish run would allow the cryptocurrency to target the swing high at $188.
However, if the bulls fail to defend SOL’s price above the $150 psychological level, the cryptocurrency could dip towards the June 27 low of $136. Currently, the trend is switching bullish, and buyers could regain control of the market. If the daily levels hold, SOL could rally higher over the coming hours and days.
ETH is trading above $3,300 after dropping to the $3k support level on Monday.
The leading altcoin could recover above $3,600 if the market trend improves.
Ether slips to $3k, recovers to $3,300
It has been a bearish start to the month for cryptocurrencies, with most of them losing 10% or more of their value over the last few days. Ether, the leading altcoin by market cap, is down 17% in the last seven days and temporarily dropped to the $3k psychological level on Tuesday.
However, it has now recovered and is currently trading above $3,300 per coin. The bearish performance comes amid declining institutional demand in the market. According to SoSoValue, spot Ethereum ETFs posted net outflows of $219.37 million on Tuesday. The biggest loser was BlackRock’s ETHA, posting $111 million in net outflows. Funds from Grayscale and Fidelity also reported outflows.
Ethereum could rebound to $3,600 after retesting key support
The ETH/USD 4-hour chart is bearish and inefficient, caused by yesterday’s sharp decline in the market. The technical indicators remain bearish despite the slight pullback recorded so far today.
Ether’s price faced rejection from the high of $3,928 on Monday and declined by 15.73% the next day. At press time, ETH is trading at $3,347 after retesting the 50% retracement level at $3,171.
The RSI of 31 shows that Ether is currently in the oversold region and could record a healthy gain from here. The MACD lines are also improving following the bearish crossover during the weekend.
If the $3,171 continues to hold as support, the leading altcoin could rally towards the $3,600 resistance level in the near term. An extended bullish run would see Ether recapture the Monday high of $3,900.
However, if ETH’s daily candle closes below $3,171, the bearish trend could continue and push ETH’s price towards the next daily support at $3,017.
DASH price surges over 150% as privacy coins attract renewed investor demand.
Aster DEX listing has boosted DASH liquidity and trading volume sharply.
Bulls now eye $150 target if DASH holds above the key $100–$120 support zone.
While the broader cryptocurrency market struggles under heavy selling pressure, DASH coin has emerged as an unlikely leader, staging one of the most remarkable comebacks in recent months.
The privacy-focused coin has surged more than 49% in the past 24 hours and over 150% in the past week, defying the downturn that has gripped most major coins.
Renewed investor interest in privacy coins, exchange listings, and strong technical momentum have all helped fuel DASH’s latest explosive rally.
Privacy demand ignites a surging DASH coin price
As Bitcoin and other leading assets face growing regulatory scrutiny, investors have increasingly turned to privacy coins such as DASH, Monero, and Zcash.
This shift in sentiment comes as governments prepare to tighten transparency and reporting standards ahead of 2026, prompting traders to seek digital assets with built-in privacy features.
DASH’s optional “PrivateSend” feature has drawn attention from long-term holders who view it as a hedge against excessive surveillance.
Notably, the privacy narrative has grown stronger in recent weeks, with capital rotation clearly visible in market flows.
Alongside Monero’s 23% and Zcash’s 26% gains, DASH’s performance stands out as investors pour into assets that promise discretion in transactions.
Adding to the bullish momentum, DASH coin was recently listed on Aster DEX, a decentralised exchange backed by Binance.
🚨 New Perp Listings Alert!$ZK and $DASH are live on Aster Perpetual with up to 5x leverage. Trade now to enjoy a 1.2x symbol boost until 23:59 UTC 9 Nov.
The listing introduced 5x leveraged perpetual trading, dramatically increasing liquidity and visibility for the coin.
Trading volume skyrocketed to over $2 billion in 24 hours, up 156% from the previous day, while open interest in derivatives surpassed $100 million — the highest level in years.
This surge in speculative activity signalled not only renewed trader confidence but also growing belief in DASH’s longer-term value proposition.
Breakout confirms technical reversal
From a technical perspective, DASH has broken out of a prolonged 968-day downtrend, climbing from the $50 region to above $130.
All major exponential moving averages (EMAs) — the 20, 50, 100, and 200 EMAs — are now aligned in bullish formation, confirming a strong uptrend.
Momentum indicators, however, suggest caution.
The relative strength index (RSI) recently peaked above 93, signalling overbought conditions after the coin’s parabolic rise.
Despite this, the $100 to $120 range is viewed as a critical support zone. If bulls can defend this level, DASH could extend its rally toward $150 and possibly $170–$180 in the near term.
Conversely, a drop below $100 may invite profit-taking and push the price toward $85–$90, areas that coincide with key Fibonacci retracement levels.
Whale accumulation has also played a significant role in the latest surge.
According to Illia Otychenko, a lead analyst at CEX.IO, the top 100 DASH wallets now hold nearly 37% of the total supply — the highest concentration in a decade.
This accumulation trend reflects growing confidence among large holders that the coin’s revival could mark the beginning of a longer bull cycle.
Market sentiment remains bullish but fragile
Despite the overheated indicators, the overall sentiment around DASH remains firmly bullish.
The coin’s rally has been supported by broader momentum within the privacy coin sector, rising derivatives activity, and expanding cross-chain integrations through the Maya Protocol.
On-chain inflows recently hit a multi-month high of $4.2 million, suggesting a fresh wave of accumulation and renewed faith in the project’s fundamentals.
However, the broader market backdrop remains uncertain. Bitcoin’s 17% monthly drop and a crypto fear index reading of 27 underline the cautious mood across digital assets.
For DASH, holding above $120 in the coming sessions will be crucial to sustaining its breakout and confirming a trend reversal.
In the near term, traders should watch closely to see whether the DASH price can consolidate above $130 and turn resistance into support.
If the privacy narrative continues to attract capital and liquidity remains high across exchanges, DASH could retain its leadership among privacy coins even as the rest of the market struggles.
BAL is down 12% in the last 24 hours and has dropped below $0.9.
The coin could retest the April 8 low of $0.739 if the bearish trend persists.
BAL sinks below $0.85 following Balancer hack
BAL, the native coin of the Balancer platform, has lost 5% of its value in the last 24 hours, making it one of the worst performers in the market. The bearish trend comes after Balancer, a DeFi protocol, suffered a major exploit on Monday, losing roughly $110 million in digital assets.
According to reports, the stolen funds include osETH, WETH, and wstETH. The attacker drained 6,850 osETH, 6,590 WETH, and 4,260 wstETH from the Balancer platform. The security tool Decurity revealed that the hack occurred due to a faulty access control in its “manageUserBalance” function.
manageUserBalance in @Balancer has a faulty access check
In _validateUserBalanceOp it checks msg.sender against user supplied op.sender. It allows to execute UserBalanceOpKind.WITHDRAW_INTERNAL (kind = 1) https://t.co/UBUdD8RGsapic.twitter.com/KlaYPv56bf
The vulnerability allowed the attacker to trigger internal balance withdrawals from Balancer’s smart contracts without proper permissions.
BAL could slip below $0.8 if the selloff continues
BAL has lost 12% of its value since the report of the hack on Monday, with the coin losing a crucial daily support level at $0.915. The BAL/USD 4-hour chart has switched bearish and inefficient following the swift selloff recorded by the pair.
The technical indicators are also bearish, suggesting heavy selling pressure. The RSI on the daily chart reads 43, below the neutral 50 and in a bearish zone. The MACD lines also crossed over into the negative zone over the weekend, suggesting a bearish bias.
After dropping below the $0.9150 support, the bulls would need to defend the next major resistance level at $0.735. This support level has held since April 8, and failure to defend this could trigger a yearly low for BAL.
However, if BAL recovers from this selloff, it will need to push above the support-turned-resistance level of $0.9150 over the next few hours or days. This would allow it to push above $1.0 psychological level once again.
