Can ALGO Break Free? Bulls Eye $0.531, but First $0.453!

2024年12月17日

Algorand ALGO is tiptoeing around $0.4288, the mid of the range zone with slow and choppy price action.

1 A decisive break above $0.453 could give the bulls a reason to celebrate, clearing the path for a run toward the next resistance at $0.531. If momentum builds, we could see ALGO stretching its legs and aiming even higher (Green Projections).
2. On the flip side, if $0.398 fails to act as a safety net, things could get bearish short-term. Bears might take charge, dragging the price toward the next support at $0.32. That’s where traders may want to look for potential signs of life and opportunity to DCA (Red Projection).

To sum it up: $0.453 is the hurdle bulls need to clear for upside excitement, while $0.398 is the line in the sand for buyers. It’s ALGO’s time to decide—will it climb higher or hit the floor? Stay tuned!

2024年12月20日

交易結束：目標達成

ALGO moved bearish yesterday following bearish scenario presented in the beginning of the week. $0.32 is reached.