ALGO May Be Retracing Higher Level, TAMA to Pump Furiously PlatoBlockchain Data Intelligence. Vertical Search. Ai.

ALGO May Be Retracing Higher Level, TAMA to Pump Furiously

ALGO Started trending towards lower levels around the 14th of this month. And since then, all the price action of this crypto has retraced below the long-term support level of $0.3000. Nevertheless, there are interesting signs in the ALGO/USD market, and we must examine them.

Algorand Forecast Statistics Data:
Algorand Current Price: $0.3080
Algorand Market Capitalization: $2.1 billion
Algorand Systemic Supply: 6.9 billion
Algorand Overall Supply: 7.3 billion
Algorand Coinmarketcap Position: #31

Important Levels:
Top Levels: $0.3082, $0.3336, $0.3400
Bottom Levels: $0.3459, $0.3347, $3331

ALGO May Be Retracing Higher Level, TAMA to Pump Furiously

Is ALGO Attempting to Retrace Higher Level, Tama a Real Game Changer

Examining the ALGO/USD chart one can easily spot a green candlestick showing up after a long red one. This red candle sunk price significantly in just one trading session. This indicates that there was a lot of selling in that session. Nevertheless, it appears as if the buyer has mounted a buy order of around $0.2800. Eventually, these pending order ware triggered when selling pressure was triggered.  It is okay to expect that an uptrend may resume from here as buying pressure may increase given the possibility of subsequent value increase. Traders can catch in early on developing upward price increase, by placing a buy order near the current price of $0.2914.

ALGO May Be Retracing Higher Level, TAMA to Pump Furiously

ALGO May Be Retracing Higher Level, TAMA to Pump Furiously

Algorand Price Analysis: ALGO/USD Uptrend Appears Weak

On an ALGO/USD 4-hour chart, there are trading indicators giving clues about increasing traders’ strength. The EMA lines can be seen moving ever closer to the price of candles. Consequently, a further increase in buying pressure will cause the price candle to cross above the quicker EMA line. Eventually, this will throw open doors for more upside value gain, as more traders will want to ride the trend.

Punt Crypto Casino Banner

Buy Algorand Now

Your capital is at risk.

In addition, the Stochastic RSI threads are already rising upwards. And, this portrays that buyers are beginning to mount pressure. This is further to the fact that an uptrend is brewing. Eventually, the price may rise to nearly $0.3200.

The newest Doge on the block, Tamadoge is coming out the gate barking, becoming one of the biggest hyped meme coins of all time and pushing the boundaries of the Play-to-Earn space, in order to provide a game that people will be climbing over each other to use.

Related

Tamadoge – Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now – tamadoge.io
Tamadoge logo

Time Stamp:

More from InsideBitcoins