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

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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!

٢٠ ديسمبر ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

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