Ανάλυση τιμών Algorand: Το ALGO στοχεύει αργά στα 1.90 $ μετά από υψηλότερο χαμηλό επίπεδο χθες

TL; Ανάλυση DR

• Η ανάλυση τιμών Algorand είναι ανοδική για σήμερα.
• ALGO/USD set a new higher low.
• Algorand is likely to break past $1.90 today.

Algorand price analysis is bullish today as a new higher low was set yesterday at $1.60, indicating bullish momentum slowly forming again. Therefore, we expect ALGO/USD to move higher later today and likely set a new higher high next.

Η συνολική αγορά διαπραγματεύθηκε στο πράσινο τις τελευταίες 24 ώρες. Ο ηγέτης της αγοράς, Bitcoin, gained 0.94 percent, while Ethereum was up by 3.75 percent. Meanwhile, Algorand (ALGO) is among the best performers, with a gain of more than 6 percent.

Algorand price movement in the last 24 hours: Algorand sets higher low at $1.60

ALGO/USD traded in a range of $1.60 – $1.85, indicating strong volatility over the last 24 hours. Trading volume has increased by 20 percent and totals $604.2 billion, while the total market cap trades around $10.7 billion, ranking the coin in 17th place overall.

ALGO/USD 4-hour chart: ALGO ready to breach $1.90?

On the 4-hour chart, we can see the Algorand price action starting to rally this morning as bulls look to finally set higher high this week.

The overall market traded within a bearish momentum over the past weeks as several lower highs were set. After a strong rally during the first days of the month, a new all-time high was set around $2.5.

From there, ALGO/USD saw a several-week consolidation above $1.90 support. The trading range slowly tightened during the middle of September, resulting in a break higher last Monday.

Support was found above $1.50 this time, with the following reaction setting a lower high at $2.05. Over the weekend, the Algorand price declined again, resulting in a higher low set at $1.60 yesterday.

Ανάλυση τιμών Algorand: Συμπέρασμα 

Algorand price analysis is bullish for today as a new higher low was set yesterday above $1.60, and bulls have started to push the market higher since. Therefore, we expect ALGO/USD to continue higher today and potentially breach the $1.90 resistance.

While waiting for Algorand to move further, read our guides on Παιχνίδια NFT, coinjar, καθώς Bitcoin Memes.

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