Bitcoin, Cardano and Dogecoin – European Wrap 1 April

Bitcoin price shows affinity to move higher after the recent surge on March 27. The previous downswing helped remove any inefficiencies to the bottom while setting up the stage for another leg-up. 

Cardano price is experiencing a sudden surge in buying pressure due to the mini-crash observed in Bitcoin. Regardless of the correlation between ADA and BTC, the so-called “Ethereum-killer” was due for a quick retracement anyway due to its exponential rally.

Dogecoin price faces exhaustion after its recent gains, causing a minor retracement. This pullback has pushed DOGE into a demand zone, suggesting the possibility of a quick run-up.