Algorand (Possible Breakout?)
Support at $1.93-1.86...could Algo see a slow rise to $2.75-$3.00 next? The Salt Conference in N.Y has ended, and this could very-well bring heavy volume into the crypto space, with Algo being a key-backbone to the ever-developing ecosystem.
Note
Algorand is holding steady between $2.00-$1.86 during this market decline. This could be Algo's new "floor." Price Target $2.40-$2.50 by 09-23-2021.
Note
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor). This would form a triple bottom chart pattern (look into my most recent ideas regarding Algorand's charts in my profile.)Note
Algorand has hit it's "floor" at $1.50, which was a previous price marker, and has seen a healthy recovery since the dip. Algo is now seeing higher lows, with a possible touch to $1.70-$1.65 before it continues moving up.I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2. 40 .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.