ALGO/USDT – Bullish Breakout Setup (1H)ALGO has shown a clean breakout from the descending trendline (blue) after several days of lower highs. The breakout was backed by strong bullish candles and a close above the short-term EMAs, confirming momentum shift to the upside.
🔹 Trade Plan:
Entry: Around 0.2575 (post-breakout confirmation)
Key stats
About Algorand
Often seen as a dark horse of the crypto world, Algorand is a proof-of-stake blockchain launched in 2019. Its founder Silvio Micali, a professor at MIT, has Algorand tackle the ‘blockchain trilemma’ — the hypothesis that blockchains can only offer two out of three key properties — a. decentralization, b. scalability, and c. security. Algorand’s system allows ALGO holders to participate in block production, offering low costs and high throughputs. This makes it well-suited to DeFi and content creators. From being a highly eco-friendly chain to becoming an official sponsor of the 2022 FIFA world cup, Algorand already has its fingers in many zeitgeisty pies.
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Bearish Continuation for ALGOUSD** IF you like my observation, please boost and follow for more content."
Trade Overview:
Entry: 0.2517
Stop Loss (SL): 0.2586
Take Profit (TP): 0.2434
Key Points:
Trend Analysis:
The price is currently under a bearish trend as indicated by the downward sloping blue trendline. This trendline
Algorand (ALGO)Algorand (ALGO)
Algorand's blockchain is adept at tokenizing a variety of assets, from art and music royalties to stablecoins, offering scalability and efficiency. This capability positions it as a top choice for both creators and investors.
At the time of writing, Algorand crypto was trading close
ALGO 1D seems ready to take it to new heights!Algo is inching toward support and expecting a rebound northward: ~2.20 long. If Algo falls southbound and breaks through support, looking short for ~1.02 or even ~85 before a possible rebound. We've got mad faith in more energy from the bulls. For the short term target on the northbound, a rebound
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
Algorand (ALGO) reached its highest price on Jun 21, 2019 — it amounted to 3.8700 USD. Find more insights on the ALGO price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Algorand (ALGO) reached the lowest price of 0.0804 USD on Aug 18, 2023. View more Algorand dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying ALGO is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade ALGO right from TradingView charts — just choose a broker and connect to your account.
You can discuss Algorand (ALGO) with other users in our public chats, Minds or in the comments to Ideas.