Binance Square

algorand

646,716 views
983 Discussing
Crypto Geni
·
--
Bullish
$ALGO {spot}(ALGOUSDT) #algorand Surges on 170% Volume Spike Algorand (ALGO) has bounced higher as trading volume surged 170%, signaling renewed market interest. The price recovered nearly 9% from recent lows, showing strong short-term activity. This volume surge highlights increased participation from buyers and sellers, suggesting momentum may continue in the short term, though crypto volatility remains high. #ALGO
$ALGO

#algorand Surges on 170% Volume Spike

Algorand (ALGO) has bounced higher as trading volume surged 170%, signaling renewed market interest. The price recovered nearly 9% from recent lows, showing strong short-term activity.

This volume surge highlights increased participation from buyers and sellers, suggesting momentum may continue in the short term, though crypto volatility remains high. #ALGO
$ALGO $ALGO is showing signs of strength as price continues to hold above its key support zone. This indicates that buyers are defending this area and building momentum for a potential move higher. If volume increases, we can expect a push toward the next resistance, and a clean breakout could open the door for a stronger bullish continuation. The structure is slowly shifting in favor of the bulls. As long as ALGO stays above support, dips look like accumulation opportunities. A loss of support, however, would mean short-term caution and possible consolidation. Keep an eye on volume and market sentiment – they will confirm the next big move. 🚀 #ALGO #algorand #CryptoAnalysis #Altcoins #BullishSetup
$ALGO $ALGO is showing signs of strength as price continues to hold above its key support zone. This indicates that buyers are defending this area and building momentum for a potential move higher.
If volume increases, we can expect a push toward the next resistance, and a clean breakout could open the door for a stronger bullish continuation. The structure is slowly shifting in favor of the bulls.
As long as ALGO stays above support, dips look like accumulation opportunities. A loss of support, however, would mean short-term caution and possible consolidation.
Keep an eye on volume and market sentiment – they will confirm the next big move. 🚀
#ALGO #algorand #CryptoAnalysis #Altcoins #BullishSetup
🚀 $ALGO : Breakout Loading or Bull Trap? 📈 Algorand is showing some serious tension on the charts! After weeks of sideways action in a horizontal channel, we are finally seeing some life. 🔍 Technical Breakdown: The Zone: ALGO has been consolidating between $0.11 support and $0.14 resistance. Catalyst: Fresh demand is building following the expanded USDC integration. Improved liquidity flow is often the precursor to a volatility spike. Indicators: The RSI is sitting in a healthy "neutral-to-bullish" zone (around 47–50), suggesting there’s plenty of runway left before we hit overbought territory. 🎯 Key Levels to Watch: Resistance Break: A solid 4H candle close above $0.145 could trigger a fast move toward $0.16 – $0.19. Support Hold: If we lose $0.11, the bullish thesis takes a back seat, and we might revisit the 52-week lows. My Take: The "compression" phase usually leads to a "directional expansion." With the ecosystem news acting as a tailwind, I'm leaning bullish for a test of the upper resistance. What do you think? Are you accumulating $algo here or waiting for the confirmed breakout? 👇 #ALGO #Algorand #TechnicalAnalysis #CryptoTrading #BinanceSquare $ALGO {spot}(ALGOUSDT)
🚀 $ALGO : Breakout Loading or Bull Trap? 📈
Algorand is showing some serious tension on the charts! After weeks of sideways action in a horizontal channel, we are finally seeing some life.

🔍 Technical Breakdown:

The Zone: ALGO has been consolidating between $0.11 support and $0.14 resistance.

Catalyst: Fresh demand is building following the expanded USDC integration. Improved liquidity flow is often the precursor to a volatility spike.

Indicators: The RSI is sitting in a healthy "neutral-to-bullish" zone (around 47–50), suggesting there’s plenty of runway left before we hit overbought territory.

🎯 Key Levels to Watch:

Resistance Break: A solid 4H candle close above $0.145 could trigger a fast move toward $0.16 – $0.19.

Support Hold: If we lose $0.11, the bullish thesis takes a back seat, and we might revisit the 52-week lows.

My Take: The "compression" phase usually leads to a "directional expansion." With the ecosystem news acting as a tailwind, I'm leaning bullish for a test of the upper resistance.

What do you think? Are you accumulating $algo here or waiting for the confirmed breakout? 👇

#ALGO #Algorand #TechnicalAnalysis #CryptoTrading #BinanceSquare $ALGO
$ALGO ALGO is currently trading in a consolidation phase after a prolonged downtrend. Price action suggests that selling pressure has reduced, while buyers are attempting to form a base near the support zone. This indicates possible accumulation at lower levels. If ALGO holds above its key support, a short-term recovery or bounce is possible. However, upside momentum remains weak and requires strong volume for confirmation. A clear breakout above resistance would be needed to signal a trend reversal. Overall, ALGO remains in a cautious and wait-and-watch zone for traders. {spot}(ALGOUSDT) #ALGO #Algorand #CryptoTrading #Altcoin #PriceAction #CryptoAnalysis #CryptoReels #CryptoViral
$ALGO ALGO is currently trading in a consolidation phase after a prolonged downtrend. Price action suggests that selling pressure has reduced, while buyers are attempting to form a base near the support zone. This indicates possible accumulation at lower levels.
If ALGO holds above its key support, a short-term recovery or bounce is possible. However, upside momentum remains weak and requires strong volume for confirmation. A clear breakout above resistance would be needed to signal a trend reversal. Overall, ALGO remains in a cautious and wait-and-watch zone for traders.
#ALGO #Algorand #CryptoTrading #Altcoin
#PriceAction #CryptoAnalysis #CryptoReels
#CryptoViral
$ALGO Market Update 🌟 The market for $ALGO is currently in a bullish phase. · 🧠 Traders: Active opportunities exist · 💸 Sellers: Consider profit-taking · 💎 Buyers: Look for entry points to hold Stay vigilant and monitor for changes. 👀 ---$ALGO #ALGO #Crypto #Trading #Bullish #Algorand {spot}(ALGOUSDT)
$ALGO Market Update 🌟

The market for $ALGO is currently in a bullish phase.

· 🧠 Traders: Active opportunities exist
· 💸 Sellers: Consider profit-taking
· 💎 Buyers: Look for entry points to hold

Stay vigilant and monitor for changes. 👀

---$ALGO

#ALGO #Crypto #Trading #Bullish #Algorand
The "Hidden Gems" Strategy (Analytical) ​ Diversity in the Green: Why I’m Watching $ALGO and $ALICE 💎 ​Body: While everyone is staring at $BTC, smart money often looks at the momentum in mid-cap coins. ​From my current watchlist: ​Algorand ($ALGO): Showing a steady climb of +1.77%. The tech remains solid, and the price action is looking healthy. ​My Neighbor Alice ($ALICE): Gaming tokens are showing signs of life again. A 1.45% gain in this environment is worth noting. ​Cardano ($ADA): Staying very stable at $0.36. Is the community preparing for a major push? ​Reminder: Always manage your risk. Green candles are tempting, but patience pays off. ​#Algorand #Cardano #GamingTokens #CryptoAnalysis" #Binance
The "Hidden Gems" Strategy (Analytical)
​ Diversity in the Green: Why I’m Watching $ALGO and $ALICE 💎
​Body:
While everyone is staring at $BTC, smart money often looks at the momentum in mid-cap coins.
​From my current watchlist:
​Algorand ($ALGO): Showing a steady climb of +1.77%. The tech remains solid, and the price action is looking healthy.
​My Neighbor Alice ($ALICE): Gaming tokens are showing signs of life again. A 1.45% gain in this environment is worth noting.
​Cardano ($ADA): Staying very stable at $0.36. Is the community preparing for a major push?
​Reminder: Always manage your risk. Green candles are tempting, but patience pays off.
#Algorand #Cardano #GamingTokens #CryptoAnalysis" #Binance
·
--
Bearish
$ALGO is currently consolidating near key support after a short-term pullback. While price action looks calm, on-chain development and ecosystem activity remain active. Here’s what to watch going forward 👇 🔹 Continued focus on scalable Layer-1 infrastructure 🔹 Growing use cases in real-world assets (RWAs) & tokenization 🔹 Network upgrades aimed at speed, efficiency, and low fees 🔹 Market watching for a trend shift after consolidation Periods like this often test patience — but historically, strong fundamentals matter more than short-term noise. 📌 Not financial advice. Always DYOR. Are you watching ALGO for long-term utility or short-term structure? #ALGO #Algorand #Layer1 #BinanceSquare #CryptoMarket
$ALGO is currently consolidating near key support after a short-term pullback. While price action looks calm, on-chain development and ecosystem activity remain active.
Here’s what to watch going forward 👇
🔹 Continued focus on scalable Layer-1 infrastructure
🔹 Growing use cases in real-world assets (RWAs) & tokenization
🔹 Network upgrades aimed at speed, efficiency, and low fees
🔹 Market watching for a trend shift after consolidation
Periods like this often test patience — but historically, strong fundamentals matter more than short-term noise.
📌 Not financial advice. Always DYOR.
Are you watching ALGO for long-term utility or short-term structure?
#ALGO #Algorand #Layer1 #BinanceSquare #CryptoMarket
7D Asset Change
-$0
-0.53%
$HBAR {spot}(HBARUSDT) : A "Hashgraph" for big banks; it’s the most professional way to watch a chart stay flat for three years. $ALGO {spot}(ALGOUSDT) : Great tech, academic founders, and a price chart that looks like a permanent "F" grade. $NEAR {spot}(NEARUSDT) : The protocol that is "Near" the top but somehow always stays "Far" from a moonshot. #Hedera #Algorand #NEAR #Altcoins
$HBAR
: A "Hashgraph" for big banks; it’s the most professional way to watch a chart stay flat for three years.
$ALGO
: Great tech, academic founders, and a price chart that looks like a permanent "F" grade.
$NEAR
: The protocol that is "Near" the top but somehow always stays "Far" from a moonshot.
#Hedera #Algorand #NEAR #Altcoins
·
--
Bullish
# 🚀 $ALGO RAND (ALGO) BOUNCE BACK! 💚 **ALGO/USDT SHOWING LIFE!** 💰 Current Price: $0.1209 📊 UP +2.03% | Green candles incoming! 🟢 **THE REALITY CHECK:** - Today: +2.63% ✅✅ - 7 Days: -5.47% 🩸 - 30 Days: +8.72% 💪 - 90 Days: -33.86% 📉 - 180 Days: -56.34% 💀 - **1 YEAR: -70.49%** ☠️☠️☠️ **DOWN 70% IN A YEAR! OUCH! 😱** **24H ACTION:** 🔺 High: $0.1240 🔻 Low: $0.1157 📊 $0.0083 range (7.2% swing!) **MASSIVE VOLUME:** 22.37M ALGO moved! 🌊 $2.67M USDT traded! 💸 VOLUME EXPLOSION = INTEREST BACK? **TECHNICAL RECOVERY:** - MA(7): 0.1204 - PRICE ABOVE! 🟢 - MA(25): 0.1210 - TESTING NOW! ⚠️ - MA(99): 0.1195 - SUPPORT HOLDING! 🛡️ - Volume: 28,747 (SURGING!) **ORDER BOOK HOPE:** 🟢 **53.46% BUYERS** (Taking control!) 🔴 46.54% SELLERS (Weakening!) **BULLS PUSHING! 🐂📈** **CHART SIGNALS:** 📈 Bounced HARD from $0.1196 bottom! 📈 Breaking above MA(7)! 📈 Volume spike to 917K! 🚀 📈 Higher lows forming! 📈 Potential reversal pattern! 👀 **THE COMEBACK STORY:** - Layer 1/Layer 2 blockchain - Pure Proof-of-Stake technology - Lost 70% but fighting back! ⚔️ - Can it reclaim $0.13? 🎯 ⚡ Is ALGO dead or just sleeping? 😴 ⚡ Recovery rally starting NOW? 🚀 ⚡ Can it break $0.1240 resistance? ⚡ Is this the bottom? 📊 ⚡ Time to buy the dip? 🤔 **NEXT RESISTANCE: $0.1240! 🎯** **BREAK IT = MOON MISSION! 🌙** **Could this be the start of ALGO's comeback tour?! 💪🔥** #Algorand #ALGO #cryptouniverseofficial #Layer1 #ComeBack #Shorts #Binance #AltcoinRally #CryptoTrading #BullishSignals #TechnicalAnalysis
# 🚀 $ALGO RAND (ALGO) BOUNCE BACK! 💚

**ALGO/USDT SHOWING LIFE!**

💰 Current Price: $0.1209
📊 UP +2.03% | Green candles incoming! 🟢

**THE REALITY CHECK:**
- Today: +2.63% ✅✅
- 7 Days: -5.47% 🩸
- 30 Days: +8.72% 💪
- 90 Days: -33.86% 📉
- 180 Days: -56.34% 💀
- **1 YEAR: -70.49%** ☠️☠️☠️

**DOWN 70% IN A YEAR! OUCH! 😱**

**24H ACTION:**
🔺 High: $0.1240
🔻 Low: $0.1157
📊 $0.0083 range (7.2% swing!)

**MASSIVE VOLUME:**
22.37M ALGO moved! 🌊
$2.67M USDT traded! 💸
VOLUME EXPLOSION = INTEREST BACK?

**TECHNICAL RECOVERY:**
- MA(7): 0.1204 - PRICE ABOVE! 🟢
- MA(25): 0.1210 - TESTING NOW! ⚠️
- MA(99): 0.1195 - SUPPORT HOLDING! 🛡️
- Volume: 28,747 (SURGING!)

**ORDER BOOK HOPE:**
🟢 **53.46% BUYERS** (Taking control!)
🔴 46.54% SELLERS (Weakening!)
**BULLS PUSHING! 🐂📈**

**CHART SIGNALS:**
📈 Bounced HARD from $0.1196 bottom!
📈 Breaking above MA(7)!
📈 Volume spike to 917K! 🚀
📈 Higher lows forming!
📈 Potential reversal pattern! 👀

**THE COMEBACK STORY:**
- Layer 1/Layer 2 blockchain
- Pure Proof-of-Stake technology
- Lost 70% but fighting back! ⚔️
- Can it reclaim $0.13? 🎯

⚡ Is ALGO dead or just sleeping? 😴
⚡ Recovery rally starting NOW? 🚀
⚡ Can it break $0.1240 resistance?
⚡ Is this the bottom? 📊
⚡ Time to buy the dip? 🤔

**NEXT RESISTANCE: $0.1240! 🎯**
**BREAK IT = MOON MISSION! 🌙**

**Could this be the start of ALGO's comeback tour?! 💪🔥**

#Algorand #ALGO #cryptouniverseofficial #Layer1 #ComeBack #Shorts #Binance #AltcoinRally #CryptoTrading #BullishSignals #TechnicalAnalysis
🔥 Your eye on $ALGO : Are we close to the bottom? Hey guys, this is my personal analysis, study the market and enter at your own responsibility and stick to the stop loss ⚠️ The current price is $0.1186 and down by 0.84%- 📉 📊 Indicators: The RSI(6) is at 46.23, meaning the price is in a neutral zone and waiting for liquidity 🚀 📈 Movement: The price is below the moving averages (MA7, MA25, MA99) and is trying to hold above support at $0.1179 💎 🎯 Targets (30-minute frame): • Target 1: $0.1198 🎯 • Final target: $0.1211🎯 • Stop Loss: Breaking $0.1179 we exit immediately 🛑 ⚠️ Advice: The currency is facing selling pressure, do not rush into entering and wait for a clear reversal signal! 🧐 #ALGO #Algorand
🔥 Your eye on $ALGO : Are we close to the bottom?
Hey guys, this is my personal analysis, study the market and enter at your own responsibility and stick to the stop loss ⚠️
The current price is $0.1186 and down by 0.84%- 📉
📊 Indicators: The RSI(6) is at 46.23, meaning the price is in a neutral zone and waiting for liquidity 🚀
📈 Movement: The price is below the moving averages (MA7, MA25, MA99) and is trying to hold above support at $0.1179 💎
🎯 Targets (30-minute frame):
• Target 1: $0.1198 🎯
• Final target: $0.1211🎯
• Stop Loss: Breaking $0.1179 we exit immediately 🛑
⚠️ Advice: The currency is facing selling pressure, do not rush into entering and wait for a clear reversal signal! 🧐
#ALGO #Algorand
$ALGO Market Update 📉 The market for $ALGO is currently in a bearish phase. · 📉 Traders: Caution is advised · 🔄 Sellers: Consider managing positions · 💎 Buyers: Watch for potential reversal signals Stay alert and trade carefully. ⚠️ ---$ALGO #ALGO #Crypto #Trading #Bearish #Algorand {spot}(ALGOUSDT)
$ALGO Market Update 📉

The market for $ALGO is currently in a bearish phase.

· 📉 Traders: Caution is advised
· 🔄 Sellers: Consider managing positions
· 💎 Buyers: Watch for potential reversal signals

Stay alert and trade carefully. ⚠️

---$ALGO

#ALGO #Crypto #Trading #Bearish #Algorand
·
--
Bullish
🚨 $ALGO /USDT ANALYSIS 🚨 💰 Current Price: $0.1185 (+0.08%) 📊 24h Range: $0.1146 - $0.1223 📈 TECHNICAL SNAPSHOT: • MA(7): 0.1189 - Price testing resistance • MA(25): 0.1195 - Key overhead barrier • MA(99): 0.1184 - Critical support zone ⚡ VOLUME SURGE: 24h Vol: 30.20M ALGO | 3.57M USDT Current momentum showing increased activity! 📉 PERFORMANCE TRACKER: ✅ Today: +1.28% ❌ 7 Days: -13.06% ✅ 30 Days: +5.61% 🔴 90 Days: -35.60% 🔴 180 Days: -54.42% 🔴 1 Year: -72.99% 🎯 KEY LEVELS: Resistance: $0.1195-$0.1223 Support: $0.1146-$0.1184 ⚠️ CHART PATTERN: Price consolidating after recent pullback. Watch for breakout above MA(25) or breakdown below MA(99) for next move! 📊 Layer 1/Layer 2 blockchain showing mixed signals - trade with caution! #ALGO #Algorand #cryptotrading #TechnicalAnalysis #CryptoAlert
🚨 $ALGO /USDT ANALYSIS 🚨

💰 Current Price: $0.1185 (+0.08%)
📊 24h Range: $0.1146 - $0.1223

📈 TECHNICAL SNAPSHOT:
• MA(7): 0.1189 - Price testing resistance
• MA(25): 0.1195 - Key overhead barrier
• MA(99): 0.1184 - Critical support zone

⚡ VOLUME SURGE:
24h Vol: 30.20M ALGO | 3.57M USDT
Current momentum showing increased activity!

📉 PERFORMANCE TRACKER:
✅ Today: +1.28%
❌ 7 Days: -13.06%
✅ 30 Days: +5.61%
🔴 90 Days: -35.60%
🔴 180 Days: -54.42%
🔴 1 Year: -72.99%

🎯 KEY LEVELS:
Resistance: $0.1195-$0.1223
Support: $0.1146-$0.1184

⚠️ CHART PATTERN:
Price consolidating after recent pullback. Watch for breakout above MA(25) or breakdown below MA(99) for next move!

📊 Layer 1/Layer 2 blockchain showing mixed signals - trade with caution!

#ALGO #Algorand #cryptotrading #TechnicalAnalysis #CryptoAlert
ALGO Update $ALGO {future}(ALGOUSDT) Algorand (ALGO) is gaining upward momentum as market sentiment improves and network fundamentals strengthen. With ongoing ecosystem growth, DeFi activity, and strategic partnerships, ALGO is showing signs of entering a profitable trend for traders. Short-term price action suggests renewed buying interest and potential for further gains. #ALGO #Algorand #Crypto #Binance #CryptoTrading
ALGO Update

$ALGO
Algorand (ALGO) is gaining upward momentum as market sentiment improves and network fundamentals strengthen.
With ongoing ecosystem growth, DeFi activity, and strategic partnerships, ALGO is showing signs of entering a profitable trend for traders.
Short-term price action suggests renewed buying interest and potential for further gains.
#ALGO #Algorand #Crypto #Binance #CryptoTrading
Silvio Micali Silvio MicaliInspiring stories from the world of crypto: Silvio Micali – The genius who changed the rules of the game forever! Imagine someone who didn't start from trading or quick speculations... No! Silvio Micali started from the real foundation: how to build digital systems that can be trusted 100% without intermediaries? This is the man whose work in provable security made modern cryptography reliable in the real world! Thanks to his years of research, he received the Turing Award in 2012 – the highest award in computer science, like the Nobel in technology! Instead of chasing quick money, he focused on a long and strong path: years of deep research in cryptography, zero-knowledge proofs, and secure randomness!

Silvio Micali Silvio Micali

Inspiring stories from the world of crypto: Silvio Micali –
The genius who changed the rules of the game forever! Imagine someone who didn't start from trading or quick speculations... No! Silvio Micali started from the real foundation: how to build digital systems that can be trusted 100% without intermediaries? This is the man whose work in provable security made modern cryptography reliable in the real world! Thanks to his years of research, he received the Turing Award in 2012 – the highest award in computer science, like the Nobel in technology! Instead of chasing quick money, he focused on a long and strong path: years of deep research in cryptography, zero-knowledge proofs, and secure randomness!
$FOLKS (FolKS Finance) | Short Market Analysis 📊 FOLKS is a DeFi-focused project built on the Algorand ecosystem, offering lending, borrowing, and cross-chain liquidity solutions. It aims to connect multiple blockchains while maintaining fast, low-cost transactions. 🔍 Current Outlook: FOLKS is showing signs of consolidation after recent volatility, which often indicates a potential breakout zone. Volume has started to stabilize, suggesting traders are watching for the next directional move. 📈 Bullish Factors: Growing DeFi adoption on Algorand Cross-chain utility and expanding ecosystem Strong community engagement ⚠️ Risk Factors: Overall market sentiment (BTC & ETH dominance) Low liquidity compared to top-tier tokens 🎯 Conclusion: FOLKS is a high-risk, high-reward DeFi play. If market momentum turns bullish, it could see strong upside — but proper risk management is essential. #Folks #DeFi #CryptoAnalysis #altcoins #algorand
$FOLKS (FolKS Finance) | Short Market Analysis 📊
FOLKS is a DeFi-focused project built on the Algorand ecosystem, offering lending, borrowing, and cross-chain liquidity solutions. It aims to connect multiple blockchains while maintaining fast, low-cost transactions.
🔍 Current Outlook:
FOLKS is showing signs of consolidation after recent volatility, which often indicates a potential breakout zone. Volume has started to stabilize, suggesting traders are watching for the next directional move.
📈 Bullish Factors:
Growing DeFi adoption on Algorand
Cross-chain utility and expanding ecosystem
Strong community engagement
⚠️ Risk Factors:
Overall market sentiment (BTC & ETH dominance)
Low liquidity compared to top-tier tokens
🎯 Conclusion:
FOLKS is a high-risk, high-reward DeFi play. If market momentum turns bullish, it could see strong upside — but proper risk management is essential.
#Folks #DeFi #CryptoAnalysis #altcoins #algorand
🚀 $ALGO — From distribution to re-accumulation… and the goal is clear $ALGO is now in a very important transformation phase. After a strong collapse from an ascending wedge, the price approached the outer demand zone and rebounded strongly from it, indicating that there is real buying at this level. The price then began to move in the path of a broad ascending wedge, which is a common shape in re-accumulation phases, indicating that the market is trying to rebuild its base before launching again. 🔍 What does this mean technically? - The collapse from the ascending wedge was a result of strong selling pressure, but - The strong rebound from the demand zone means that buyers have returned strongly - The formation of a broad ascending wedge thereafter indicates that the market is now in a phase of “accumulation” and not in a downward phase. This gives us a clear scenario: The most likely outcome is a re-test of the wedge before the upward trend continues. 🎯 The practical plan (clear steps) - Accumulation near the outer demand zone This is where we wait for confirmation of strength. - Holding support As long as the price maintains the area, the bullish scenario remains intact. - Moving towards the upper limit of the outer supply zone This is the primary expected target after the accumulation phase ends. ⚠️ What are we watching? - Is the price re-testing the wedge? - Is the wedge holding as support or breaking? - Is there a strong pullback with high volume? - Is the price remaining above the demand zone? {future}(ALGOUSDT) #Algorand #ALGO #ALGOUSDT #Crypto #Trading
🚀 $ALGO — From distribution to re-accumulation… and the goal is clear

$ALGO is now in a very important transformation phase.

After a strong collapse from an ascending wedge, the price approached the outer demand zone and rebounded strongly from it, indicating that there is real buying at this level.

The price then began to move in the path of a broad ascending wedge, which is a common shape in re-accumulation phases, indicating that the market is trying to rebuild its base before launching again.

🔍 What does this mean technically?
- The collapse from the ascending wedge was a result of strong selling pressure, but
- The strong rebound from the demand zone means that buyers have returned strongly
- The formation of a broad ascending wedge thereafter indicates that the market is now in a phase of “accumulation” and not in a downward phase.

This gives us a clear scenario:
The most likely outcome is a re-test of the wedge before the upward trend continues.

🎯 The practical plan (clear steps)
- Accumulation near the outer demand zone
This is where we wait for confirmation of strength.
- Holding support
As long as the price maintains the area, the bullish scenario remains intact.
- Moving towards the upper limit of the outer supply zone
This is the primary expected target after the accumulation phase ends.

⚠️ What are we watching?
- Is the price re-testing the wedge?
- Is the wedge holding as support or breaking?
- Is there a strong pullback with high volume?
- Is the price remaining above the demand zone?
#Algorand #ALGO #ALGOUSDT #Crypto #Trading
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number