ALGO’s Next Increase Could Take It All the Way to $1

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In Brief
  • There is support and resistance at $0.285 and $0.435, respectively.

  • Technical indicators in the daily time-frame are bullish.

  • The price could soon begin a bullish wave 5.

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Even though the Algorand (ALGO) price has been decreasing for nearly a month, technical indicators and the most likely wave count indicate that the price is nearing a reversal. Top Of The Trading Range The ALGO price has been decreasing since it reached a high of $0.76 on Aug. 14. The price reached a low of $0.316 on Sept. 5 and bounced upwards. Currently, the price is trading very
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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