Bitcoin, Solana and ApeCoin – European Wrap 6 June

Bitcoin price reveals its bullish move after tight consolidation over the weekend. This impulsive move has caused many altcoins to explode as well. Ethereum and Ripple have followed suit but are far away from reaching their short-term objective.

 

Solana blockchain is protected against halts and outages with an upcoming upgrade for durable nonce transactions. Institutional capital is flowing out of Solana to the Ethereum-killer Cardano network. Analysts remain bullish on the Solana price rally. 

 

Indicators on Solana price chart

ApeCoin price has been consolidating between many barriers for roughly three weeks, hinting at an explosive move. Considering the bullish weekly open for Bitcoin, there is a chance for this volatility to support the bulls.

APE/USDT 4-hour chart

 

 

 

 

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