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Alogrand

ALGO /USDT bullish scenario? 👀 🚀 Algo today analysisParadisers! Buckle up for an exciting opportunity with ALGOUSDT. Currently, it's in a demand zone and looks set to make a bullish move👀 💎Right now, ALGO holding a crucial support level and moving within a specific range. It has faced some resistance from a bearish order block within this range. 💎 Momentum is picking up, and it's likely that the price Algorand of will break through the order block and aim for higher levels. However, if selling pressure kicks in and the price breaks below the support level, it could be a prime shorting opportunity. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
Long
by MyCryptoParadise_Simon
Algorand just broke above a Flag Pattern and heading up to 0.226Falling Flag formed on Algorand after the price previously went on a strong uptrend. We now have the price breaking up and out of the flag. Target 0.2261 Price >200 RSI =50 SMC Below the flag, we can see there is Sell Side Liquidity Order Block which is coming in with strong orders from Smart Money. This is where SM is sweeping selling orders and buying into them, which is pushing the price up. FACTS ABOUT Alogorand Algorand is a blockchain-based platform for developing decentralized applications (dApps). It was founded in 2017 by Silvio Micali, a computer science professor at MIT and a Turing Award recipient. It's designed to be a high-performing and secure blockchain platform that can process thousands of transactions per second. They use Pure Proof of Stake (PPoS), which allows for fast and secure transaction processing. Algorand has its own native cryptocurrency called ALGO, which is used to pay for transaction fees and to participate in the network's governance. Algorand has been used in a variety of applications, including real estate, gaming, and supply chain management.
Long
by Timonrosso