Bitcoin, Shiba Inu and Algorand – European Wrap 13 April

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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.

BTC/USDT 3-day chart

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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