Bitcoin, Solana and Algorand – European Wrap 2 March

Bitcoin price experienced a massive surge in buying pressure that propelled it close to a crucial area of supply. Clearly, there is enough room for upside for BTC, suggesting that Ethereum and Ripple are likely to follow its lead.

Solana price has executed an impressive bounce over the last week after finding its feet at a crucial support area. This upside move has passed the halfway point of its journey, confirming a healthy uptrend.

Algorand price is at an inflection point in its journey as it hovers above a weekly support level. A breakdown of this barrier could lead to a retracement before the bullish scenario kicks in, but a bounce could prematurely trigger a similar outlook.