Markets Technical Analysis

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

By Valdrin Tahiri
Updated by Gerelyn Terzo
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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 Tahiri

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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