ALGO price had been forming lower lows bearish pattern formation and might test $0.0985 soon.
MACD generated negative crossover and no signs of reversal is visible, whereas the RSI entered oversold levels might bring surprises for ALGO lovers.
ALGO Price is trading with mild bearish cues and forming lower lows swings after it breaks the support level of $0.2804. As per coinglass, In the last 12 hours, The long and short ratio stood at 0.90 indicating sellers are more as compared to buyers. As of now, ALGO/USDT is trading at $0.1693 with the intraday loss of 0.35% and 24 hour volume to market ratio stood at 0.0239
Will ALGORAND test the Year 2020 lowest level ?
Source : ALGO/USDT daily chart by Tradingview
On a daily time frame, ALGO prices had formed a double top bearish pattern and sellers succeeded to break down the neckline which triggered more sell off in ALGO prices and kept on forming lower lows. In September bulls succeeded to defend their previous lows at $0.2804 and gained
We współpracy z: https://www.thecoinrepublic.com/2022/12/24/algo-price-analysis-algo-highly-bearish-any-short-covering-rally-possible/
