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Algorand (ALGO) Price Prediction

BINANCE:ALGOUSDT   Algorand / TetherUS
Algorand (ALGO) Price Prediction

Algorand (ALGO) holds the 30th position on CoinGecko right now. ALGO price prediction 2022 is explained below with a daily time frame.

The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume , which decreases as the channel converges. 

Currently, Algorand (ALGO) is in the range of $0.2394. If the pattern continues, the price of ALGO might reach the resistance levels of $0.3150. If the trend reverses, then the price of ALGO may fall to $0.2190.

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