ALGO Increases By 85% in Two Days – Where to Next?

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In Brief
  • ALGO has increased by 85% since August 12.

  • There is long-term resistance and support at $0.86 and $0.46.

  • The price has possibly completed wave 3 of a 5 wave upward formation.

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The Algorand (ALGO) price has increased by 85% since August 12, when it broke out from a long-term resistance level. Rapid Increase After Breakout The ALGO price has been moving upwards since March 13. The increase was gradual until August 2, when the price reached a low of $0.259 and started to accelerate. It did so again on August 12, and the ALGO price has increased by 85% since

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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