Like most altcoins, Algorand also ended Friday’s crash by touching its final support zone, then strongly reversed.
After dropping to 0.10, the coin rebounded sharply and reclaimed the next key level at 0.15.
Currently trading around 0.20, ALGO is showing early signs of stabilization. If the overall crypto recovery continues, this setup could develop into a solid bullish signal.
The confirmation comes with a break above 0.2250, which would mark the end of the correction that started in December last year — opening the way toward the 0.40 zone.
Let’s see if the market confirms it. 🚀
After dropping to 0.10, the coin rebounded sharply and reclaimed the next key level at 0.15.
Currently trading around 0.20, ALGO is showing early signs of stabilization. If the overall crypto recovery continues, this setup could develop into a solid bullish signal.
The confirmation comes with a break above 0.2250, which would mark the end of the correction that started in December last year — opening the way toward the 0.40 zone.
Let’s see if the market confirms it. 🚀
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.