Historical ALGO Data & Analysis
Historical Monthly ALGO/USD Performance
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Historical Monthly ALGO/BTC Performance
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ALGO Market Cap Analysis
Measuring ALGO by price per coin is one of the most misleading metrics! While it’s important, it’s irrelevant in the mid-term since 100% of coins are not yet in circulation. The most important Algorand analysis you’ve seen so far is the ALGO market cap!
As you can see, symmetric geometry is not just a fancy term. Zoom in and observe the market cap peaks, pumps, and rejections. Check the head and base of the parallel channel—this is currently in play! To validate, you need the chart to enter that triangle.
First yellow line: Breached.
Second yellow: Second resistance.
Once the second yellow is breached, for ALGO to pump, it needs to break the all-time resistance line (Red).
Are you wondering why trading ALGO based on its market cap is more relevant and accurate? When ALGO reaches 100% circulation, it has never dipped to a new all-time low (ATL). Quite the opposite—its bottom was 475% higher than the previous low. And since this is Algorand’s first full cycle, this is critical!
The green line is the all-time support. Trade accordingly! The horizontal blue lines in the first photo are all Fibonacci levels, which align with the triangle and my conservative prediction of a $1.75/coin top.
As you can see, symmetric geometry is not just a fancy term. Zoom in and observe the market cap peaks, pumps, and rejections. Check the head and base of the parallel channel—this is currently in play! To validate, you need the chart to enter that triangle.
First yellow line: Breached.
Second yellow: Second resistance.
Once the second yellow is breached, for ALGO to pump, it needs to break the all-time resistance line (Red).
Are you wondering why trading ALGO based on its market cap is more relevant and accurate? When ALGO reaches 100% circulation, it has never dipped to a new all-time low (ATL). Quite the opposite—its bottom was 475% higher than the previous low. And since this is Algorand’s first full cycle, this is critical!
The green line is the all-time support. Trade accordingly! The horizontal blue lines in the first photo are all Fibonacci levels, which align with the triangle and my conservative prediction of a $1.75/coin top.
ALGO & ETH Chart Similarities
5 years after launch ALGO is doing exactly what ETH did 4 years after its launch!
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