Bitcoin, Shiba Inu and Algorand – European Wrap 13 April

Bitcoin price shows a consolidation pattern, which indicates that an upswing is on its way. Ethereum and Ripple are both showing optimistic outlooks that indicate gains in the next few days.

Shiba Inu price spiked by nearly 40% shortly after Robinhood announced it would add support for the meme coin. The fundamentals have grown even more bullish now that the bid event for ‘SHIB: The Metaverse’ is live. Technical analysts anticipate prices to continue rising as speculation mounts. 

Algorand price is currently bouncing off a stable support level after the recent downswing. The bullishness for ALGO is mainly due to the bottom reversal pattern formed over the past 50 days.

 

ALGO/USDT 1-day chart

 

 

 

 

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