Algotech Becomes Fastest-Selling Presale With Bonus Round Nearly Soldout, Attracting DOGE and SHIB Whales

Against the backdrop of rapidly changing cryptocurrency, a new player has enthused investors and twisted traditional norms. Algotech is an innovative platform for algorithmic crypto trading, setting the industry ablaze and making great success with the presale round.

With a substantial $5.8 million raised and its bonus round nearly sold out, Algotech has solidified its position as the fastest-selling presale in recent memory, attracting a wave of attention from prominent figures in the crypto sphere, including whales from the Dogecoin (DOGE) and Shiba Inu (SHIB) communities.

Targets Key Resistance at $0.20

Dogecoin prices woke up after a long consolidation. The meme-based currency broke out on May 20 and rallied 6% from an angle on the top of a 36-day consolidation range, suggesting a potential change of hands. DOGE price action reveals higher highs and higher lows technically, signaling exhaustion among the bears and an incoming return of bullish momentum. Actually, even on-chain data supports just that as most holders of DOGE have been in accumulation mode in preparation for this move.

If this bullish run continues and the 50-day Exponential Moving Average continues to act as a floor, then DOGE is probably going to test a breakout of 10% towards the key Fibonacci retracement level at $0.186. In the general scenario, DOGE may rise way above the $0.20 to $0.210 supply area, which so far has been acting as a strong resistance level in which institutional traders have placed their sell orders.

SHIB Consolidation Could Precede Another Run

Even though the SHIB meme coin recently broke with a bullish flag pattern, signaling that its price action is likely to head into an uptrend, it has instead remained quite calm and non-volatile compared to what one would expect. Looking at SHIB’s price action recently, the token found strong resistance around $0.0000259, and a period of consolidation ensued.

The same could set the stage for another potential run toward the March highs if SHIB manages to turn the resistance level at this range into support. On-chain metrics show a mixed picture, as a result of which the NVT ratio indicates that the SHIB token might be overvalued and selling pressure has gone up in recent weeks.

Even if the stuff is pretty bearish for SHIB, the level of social volume across feeds is overwhelmingly high and speaks to just how incredibly popular this meme coin really is in the wider crypto community. The technical view indicates something like a tug-of-war between bulls and bears, with the CMF suggesting that a continuation of bullish momentum might still be possible.

DOGE and SHIB Whales Eye Algotech As A Game-Changer

In the ever-dynamic landscape of cryptocurrency trading, Algotech is already taking the lead, tapping into investors and redefining the boundaries of algorithmic trading. The presale has broken records, having become the fastest number of sales in any crypto offering to date, with the bonus round nearing a complete sellout.

The interest of Dogecoin (DOGE) and Shiba Inu (SHIB) whales had their attention focused on this project as a game-changer in the cryptotrading space. Powerful holders of dog coins, together acknowledged for their gigantic holdings and market making potential, are now contributing for Algotech’s phenomenal success story.

With a comprehensive product roadmap that points the way to the development of platform enhancements, asset coverage, new advanced trading tools and analytics, social trading, and community features, AlgoTech is set to move the bar in crypto trading, empowering its users with tools and abilities.

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