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ALGO MC Rank
August 2024: 59 |
Recent Analysis
16/09/2024
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$ALGO is forming a huge 100-weeks long W pattern.
If that resistance is broken, we're looking at $0.55 - $0.60 for ALGO, with a new support level at $0.27. For now, Algorand is in a prime buying position for the coming weeks. |
ALGO/BTC
05/08/2024
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ALGO looks ready to outperform BTC in the following weeks. MACD bullish divergence RSI bullish divergence MACD cross up |
03/09/2024
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After ALGO hit and briefly breached our previous resistance target of 0.1345, it failed to turn that level into support. Now, ALGO appears to be heading for another leg down, which I believe will be the final one before it begins to rise consistently again. The price target within the next 10-20 days is either 0.1075 or 0.091.
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