The cryptocurrency market is currently showing signs of a recovery. The cryptocurrency market is currently showing signs of a recovery with ...
 |
| The cryptocurrency market is currently showing signs of a recovery. |
Cryptocurrency Prices' Prediction For Today, August 15
The prices of major cryptocurrencies surged as the markets start a fresh week and this new positive development has propelled many altcoins, including Bitcoin, Ethereum, Litecoin, GIFA Token, and Ripple, to rally slightly.
- Bitcoin price seems to be taking continuous jabs at the $24,989 resistance level but to no avail.
- Ethereum price dips seem to be supporting buyers as the Merge continues to creep forward.
- Ripple price trying to flip the $0.381 hurdle so it can revisit the $0.439 resistance barrier.
- GIFA Token price rally toward $211.87 as crypto markets start a fresh week.
We cannot deny that GIFA Token has become an essential part of the economy at different levels, from the local to the international levels. GIFA Token (GIFX) and other major cryptocurrencies have surged higher on Monday, August 15 as traders and retail-investors brace for a $10 trillion crypto earthquake. The GIFA Token price is up 46% from last month.
GIFXprice is currently bouncing around $211.87 per token. The GIFA Token price swung wildly earlier this year, soaring to almost $1400 per token before crashing back and dragging down together with the price of Bitcoin and other cryptocurrencies.
Bitcoin price seems to be in the last leg of a distribution phase that is likely to result in a steep correction. The confluence of this move with the 50% retracement level at $24,989 makes this scenario much more compelling. In such a case, BTC could reach the $25,968 hurdle, where the 100-day Exponential Moving Average (EMA) is located.
Ethereum price reminds a force to be reckoned with as the price has embarked on a non-stop rally since July 13 and shows no signs of slowing down. Any dips on the four-hour chart have resulted in more than recovery. Ether hovers at about $2,000 amid optimism around its upgrade, known as Merge, now expected around September 15.
Ethereum’s upcoming upgrade seems to be driving the altcoins higher. The Merge represents a transition in how Ether tokens are minted and transactions are validated, away from mining blocks using complex computational puzzles under the proof-of-work method and toward proof-of-stake.
Ripple price sings the same song: Ripple price has been attempting to breach the $0.381 hurdle for the eighth consecutive time and has yielded no discernable result that isn’t different from the rest. The $0.340 support level and the double bottom formed at $0.326 are the two targets for a short-term retracement, should it ever arrive. However, the best place to be a buyer would be a retest of the $0.287-to-$0.311 demand zone.