Technical analysis of the top 10 cryptocurrencies on December 15: Bitcoin, Ethereum, BNB to USDT, and key highlights

Summary: - Bitcoin is still searching for a clear direction amid selling pressure and recovery signals, with a potential drop to $84,000 if it cannot break through key resistance levels. - Altcoins are testing important support zones, while BNB to USDT faces similar challenges from sellers.

Bitcoin (BTC) - The battle between buyers and sellers

Bitcoin is currently trading at $90.81K with uncertain fluctuations. Technical analysis indicates BTC is stuck below the 20-day EMA (90,720 USD), signaling sellers still hold short-term dominance.

If sellers continue to push the price down and break below the upward trendline, the BTC/USDT pair could sharply decline to $84,000, and without strong intervention from buyers, it may reach $80,600 (the low on 11/21).

However, if buyers bounce from current levels and close above the 20-day EMA, it’s a positive sign showing buying interest at lower levels. Then, Bitcoin could extend gains to the 50-day SMA (95,985 USD) and even surpass $100,000 if it breaks through the $94,600 zone. Nonetheless, the area between the 50-day SMA and $100,000 is expected to be a strong defensive zone for sellers.

Ethereum (ETH) - Overwhelming sell signals, beware of $2,907

Ethereum (ETH) is trading at $3.10K, with buyers pushing above the 20-day EMA (3,106 USD), but long candles indicate strong selling pressure at high levels.

If sellers gain control and push Ether below $2,907, the ETH/USDT pair could further decline to support zones at $2,716 and $2,623. This negative outlook will be invalidated if the price reverses sharply from current levels and breaks above $3,350, signaling a short-term bottom has formed.

In a bullish scenario, ETH could continue upward to $3,658 and then $3,918.

Solana (SOL) - Symmetrical triangle pattern, upcoming decision

Solana (SOL) is at $140.24, +1.41% in 24h, forming a symmetrical triangle pattern, reflecting significant indecision between buyers and sellers.

If the price breaks below the triangle support line, it’s a sign sellers have taken control, and SOL/USDT could plunge to the strong support zone at $95. But if it breaks and closes above the triangle resistance, buyers will regain control, targeting $172 and then $189.

BNB to USDT - Narrow trading range, key support to watch

BNB is trading at $900.40, -1.34% in 24h, with the narrow range trading pattern broken downward, indicating short-term seller dominance.

The next downside target for BNB/USDT is $791 — an important support zone to monitor closely. If this support is broken, the pair could continue down to $730. With current conditions, BNB/USDT may fluctuate between $791 and $1,020 for a while.

A positive turning point would be a strong rebound from $791 and a break above the 20-day EMA (888 USD), signaling buyers are attempting to re-enter. Then, the pair could continue oscillating within the $791–$1,020 range.

XRP - Stuck below the 20-day EMA, $1.61 as a lifeline

XRP is at $2.07, -1.66% in 24h, still trapped below the 20-day EMA (2.06 USD), indicating buyers lack sufficient strength.

Sellers will try to pull XRP down to the descending channel support and then to $1.61. This level is expected to be strongly defended by buyers, because if it breaks, XRP/USDT could further decline to $1.25 (the low on 10/10).

To signal strength, bulls need to push XRP above the 50-day SMA (2.21 USD). If successful, the pair could move up along the long-term downtrend line, where sellers are expected to defend actively.

Dogecoin (DOGE) - Support at $0.13 threatened, beware of bear traps

Dogecoin (DOGE) is at $0.14, -2.81% in 24h, with sellers attempting to consolidate their position by pushing DOGE below the $0.13 support.

If successful, DOGE could continue its decline toward $0.10 (the low on 10/10), where strong buying interest is expected. However, if the price rebounds and closes above the 20-day EMA (0.14 USD), it could be a bear trap, and DOGE might rise to $0.19.

Cardano (ADA) - The $0.37 zone is a decisive threshold

Cardano (ADA) is at $0.39, -1.52% in 24h, continuing to slide toward the $0.37 support zone, an important level to watch.

If sellers push ADA below $0.37, it signals the next decline wave has begun, and ADA/USDT could sharply fall to $0.27. But if the price reverses and breaks above the 20-day EMA (0.42 USD), ADA could consolidate in the $0.37–$0.50 range. Buyers need to push above $0.50 to signal a potential trend reversal.

Bitcoin Cash (BCH) - Break below 20-day EMA, buyers at risk

Bitcoin Cash (BCH) is at $620.99, -5.09% in 24h, having broken below the 20-day EMA (560 USD), indicating buyers are losing control.

Next support levels are the 50-day SMA (534 USD) and then $508. With current selling pressure, BCH may fluctuate between $443 and $615 for some time. To confirm an ongoing uptrend, buyers need to push and hold BCH above $615, which could then challenge the key resistance at $651.

S&P 500 Index (SPX) - Reversal from 6,920, narrow range to expand

The S&P 500 has reversed down from resistance at 6,920, reflecting strong seller defense at this level.

If the price breaks below moving averages, the index will oscillate within the 6,550–6,920 range for a few more days. However, a close below 6,550 would form a double top pattern, opening the possibility of a sharp decline toward 6,180.

Conversely, if SPX rises above the moving averages and surpasses 6,920, it signals a continued uptrend, targeting 7,290.

US Dollar Index (DXY) - Weakening signals, short-term sellers in control

The DXY attempted to break above the 20-day EMA (99.04) but was halted by sellers. Moving averages have completed a bearish crossover, RSI is in the negative zone, indicating short-term seller control.

Minor support is at 98, but if broken, DXY could decline to 97.20 and 96.21. The first sign of recovery would be a breakout and close above the 20-day EMA, or better, a close above the resistance at 100.54, allowing buyers to regain full control.

Will the crypto market begin a strong recovery or will hesitation continue? Watch for key technical changes in the coming days, especially the interest rate decision from the Bank of Japan on 19/12.