1
Algorand’s price currently trades at $0.1117 while witnessing a loss of 1.33% during the intraday session.
2
The algo price has jumped above 20-day exponential moving average.
3
The year-to-date return of Algorand is -35.25% while one month return is 1.09%.
Algo price has been bullish for the past 4 days, rising from the low of $0.1050 and breaking above the bearish trend line. The cryptocurrency price has successfully broken above the bearish trend line and closed above it. This breakout holds great significance among technical analysts, which indicates a strengthening of bullish momentum.
The gains algorand made during mid-June due to BlackRock, filing for the Bitcoin Spot Exchange Traded Fund have been lost as the price faced strong rejection near $0.14. Since then, the price has entered a downtrend and started to form lower lows.
Source: ALGO/USDT By TradingView.
The previous candle closed bullish, but it faced strong rejecti
We współpracy z: https://www.thecoinrepublic.com/2023/08/09/algorand-price-prediction-algo-price-breaks-bearish-trend-line/
