After weeks of consolidation and a confirmation of a breakout on the top trend line in a symmetrical triangle... Along with upwards momentum shown below on the MACD I believe the next week will be very bullish for ALGO. Even a retest of 2.50$ ATH price level is within reason.
Additionally "Governance" on Algorand's blockchain currently has 1.88 billion ALGO essentially being locked away from the circulating supply for high rewards until the New Year.
If BTC stays the course or even falls a bit in price AGLO will be making some drastic moves. First profit level I anticipate is 2.10 then a sharp move upwards to 2.40 followed by a retest of the 2.5ATH
Getting in under 2$ mark will make for some nice profits in the short term and in the long term the staking and governance rewards will have many traders coming back as return customers on this blue chip alt. -Cheers!
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