Support at $1.93-$1.86...could Algo see a slow rise to $2.75-$3.00 next? The Salt Conference in N.Y has ended, and this could very-well bring heavy volume into the crypto space, with Algo being a key-backbone to the ever-developing ecosystem.
Comment:
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor). This would form a triple bottom chart pattern (look into my most recent ideas regarding Algorand's charts in my profile.)
Comment:
Algorand has hit it's "floor" at $1.50, which was a previous price marker, and has seen a healthy recovery since the dip. Algo is now seeing higher lows, with a possible touch to $1.70-$1.65 before it continues moving up.
I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2. 40 .
I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2. 40 .
Price Target $2.40-$2.50 by 09-23-2021.