Published 21 mins ago
Crypto price today Oct 15th: Amid the recent release of CPI data, the crypto market suffered high volatility but continued to follow a sideways path. Thus, wrestling with the uncertain market sentiment, some cryptocurrencies have registered strong gains and losses. Let us analyze them below.
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Market leaders:
The Bitcoin price currently trades at $19157, with a 0.1% intraday loss, While the Ethereum(ETH) price trades at $1284 and reveals a 0.9% drop.
Gainers:
Quant(QNT):
The Quant coin price has been rising for three consecutive days and has offered a massive breakout from the multi-month resistance zone of $158-$155.5. The significant volume jump during this rally shows that buyers strongly interested in this breakout.
The coin price currently trades at $185.7 with a percentage jump of 11.83. However, the altcoin should revert and retest the breached resistance of $158-$155.5, offering an entry opportunity for interested buyers.
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Maker(MRK)
The Maker coin price showed a steady rally since late September and reached two month high of $1111.14. However, with the recent sell-off and volatility in the crypto market, altcoin showed a minor correction and retested $890 support.
Today, the coin price shows a 5% jump and trades at the $960 mark. A bullish-morning star candle pattern hints at the resumption of prevailing recovery. Thus, this pullback opportunity should offer an entry opportunity with a near-term target of 10%.
Terra(LUNA)
Since last month, the Terra coin price has retested the $2.27-$2.2 support several times, indicating that buyers are actively accumulating at this level. As a result, altcoin rebounded from this support and surged 28% to trade at $2.8.
The rounding bottom recovery has breached a local resistance of $2.7-2.6 which should offer suitable footing for buyers. Thus, the post-retest rally may push the prices 15% higher to hit $3.26
Losers:
Huobi(HT)
The Huobi token price has showcased a perpendicular growth since the week started. The altcoin doubled its market value as the price jumped from $4.07 to $8.15.
However, such sudden prices usually attract price corrections to check their sustainability. Thus, the HT currently trades at 7.2 with an intraday loss of 5%. This expected retracement could plunge the price to $6.7 or $6.1 before resuming the price rally.
Chiliz(CHZ)
The Chiliz coin price continuing its downward path has recently breached monthly support of $0.184. Currently, the altcoin exchange hands at $0.177 with an intraday loss of 1.33%.
However, the lower price rejection showcase in the daily candle indicates a possible retest to the breached support. The post-retest downfall should pull the prices 9.3% down to $0.16 support.
Solana(SOL)
On October 14th, the Solana coin price gave a bearish breakdown from the $30.5 neckline support of descending triangle pattern. The Ethereum killer currently trades at 30 and tries to retest the $30.5 mark as potential resistance.
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If the selling pressure persists, the prices should drop 13% to hit the $26 mark.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.