Crypto price predictions: BitBot, Pepe, Algorand (ALGO)

Cryptocurrency prices drifted upwards this week as investors embraced the risk-on sentiment in the market. This view is corroborated by the performance of US equities such as the Dow Jones, Nasdaq 100, and S&P 500. The US dollar index (DXY) has also retreated as geopolitical concerns have subsided.
Bitcoin price has remained above $66,000 while altcoins like Pepe, Algorand, and Hedera Hashgraph (HBAR) have continued their ascent. BitBot ($BITBOT), on the other hand, has continued to thrive, having raised over $2.8 million.
Pepe price forecast
The Pepe token price hit a low of $0.0000039 earlier this month and subsequently rebounded to a high of $0.0000080, its highest point since April 1st. It has surged by over 100% from its monthly low.
The token has remained above the 50-day and 100-day Exponential Moving Averages (EMA). It has also risen for the past seven consecutive days, marking its longest winning streak in months. Additionally, Pepe has breached the strong pivot reverse point of the Murrey Math Lines.
Furthermore, the Relative Strength Index (RSI) and the Stochastic Oscillator both point upwards, indicating momentum. The Average Directional Index (ADX) has remained above 20. Consequently, the outlook for the token is bullish, with the next target being $0.00010, approximately 26% above the current level.

Algorand price prediction
The Algorand price bottomed at $0.1490 this month and subsequently rebounded as the crypto rally resumed. It has recovered to $0.2616, its highest point since April 1st this year. The token has since retreated to the key level of $0.2400. It has remained above the 50-day and 100-day moving averages as well as the Ichimoku cloud indicator.
The Relative Strength Index (RSI) also points upwards. Therefore, the pair is likely to enter a consolidation phase in the coming days before resuming its bull run. If this occurs, the token is likely to reach the key resistance level of $0.30, approximately 30% above the current level.

BitBot analysis
Meanwhile, BitBot, an emerging cryptocurrency, is performing exceptionally well as demand for its token increases ahead of its upcoming listing. The developers have raised over $2.8 million from investors in its current stage.
Notably, BitBot is a project that aims to revolutionize the financial trading industry by developing a decentralized trading bot. The bot will be distributed through Telegram, an application with over 900 million users worldwide.
The network will incorporate features such as revenue sharing, exclusive access for $BITBOT holders, and governance.
Consequently, the BitBot token is gaining traction as investors anticipate its potential growth in the artificial intelligence (AI) and financial services sectors. You can acquire the BitBot token here.

Source: https://thebittimes.com/crypto-price-predictions-bitbot-pepe-algorand-algo-tbt86320.html