Major altcoins are also trading in the red. Cardano (ADA), Ripple (XRP), and Litecoin (LTC) are similarly down by nearly 4%. Ether fell below $2,000 for the first time this month, just yesterday, and continues to trade down south of that level, Ethereum (ETH) worth $1,950 as of press time. Chainlink (LINK) was trading above the horizontal line that has kept prices afloat since 22 June. At its current price of $17.62. The whole cryptocurrency shed 16.01% over the past seven days that overshadowed by the upcoming upgrades on the Ethereum protocol.
As such, buyers might continue to push GIFA Token's price higher, if this happened the action will override the recent dip and welcome fresh upward to balancing the bulls and bears struggling to retake control. However, the immediate outlook is likely to see bulls consolidate gains to protect from bears who might want to capitalize on the indecision in the broader market.
Above this, GIFA Token’s price could test resistance at $20.00 maybe this week and hopefully bleach $50.00 as the next target. If bulls fail to break the mentioned barriers, a breakdown from the initial resistance at $18.30 could invite more pressure.