Bitcoin Rebounds as Cardano Gains 11% in Crypto Market Shifts
The cryptocurrency market saw mixed movements on October 5, 2026, with Bitcoin rebounding and XRP reclaiming its 20-day moving average, while Cardano posted nearly an 11% gain. Bitcoin's price closed at $86,515 on October 4, up 2.09% from its opening price of $84,743. Although the MACD indicator shows improving short-term momentum, Bitcoin needs a daily close above $87,330 to confirm a bullish breakout toward the upper-$88,000 region.
Ethereum held steady above its Bollinger midline, closing at $2,726.64 on October 4. The price remains within the Bollinger Bands, with resistance at $2,852.76 and support at $2,443.06. A close above $2,737, $2,768 could push Ethereum toward $2,787, $2,804, while a drop below $2,635 would weaken the structure.
XRP closed at $1.52 on October 4, reclaiming its 20-day moving average at $1.466. To confirm a breakout, XRP needs a daily close above $1.56, which would shift focus to $1.61 and $1.66. Conversely, a close below $1.45 would invalidate the recovery, exposing $1.41 and $1.37.
Sui advanced 2.54% on October 4, closing at $1.21. The price held above the 23.6% Fibonacci retracement level at $1.1450, preserving the recovery structure. A close above $1.29 would confirm a breakout, while a drop below $1.1450 would expose $1.0553 and $0.9828.
Cardano led the gains with a 6.40% rise on October 4, closing at $0.259507. The 14-period four-hour RSI improved to 64.48, but a daily close above $0.2679 is needed to confirm continuation. A reversal below $0.2585 would weaken the attempt, while a close below $0.2425 would invalidate the recovery.