Algorand, Dogecoin, XRP price analysis: 16 August

With many of these altcoins now deprived of the momentum that drove their growth of the last few weeks, corrections ensued across the board, including for the likes of XRP. Algorand ALGO, the 34th-ranked crypto on CoinMarketCap, has been one of August’s best performers, with ALGO noting a surge of almost 85% in just a week’s time.

As expected, the bullish momentum seemed to have mellowed down over the last few days, however, with ALGO’s charts registering a nominal degree of retracement. ALGO’s technical indicators underlined the incredible price volatility in the market over the past week or so as not only was the mouth of Bollinger Bands very wide, but Awesome Oscillatorpictured growing momentum of the bullish nature too.

Timeline of Dogecoin, Xrp