A significant long position in Algorand ($ALGO ) was liquidated at $0.383, totaling $71.1K.
Key Insights:
Recent Liquidation: A $71.1K long position was liquidated at $0.383, indicating potential bearish pressure.
Current Price: $ALGO is trading around $0.386, showing a slight recovery.
Intraday Movement: High of $0.413, low of $0.370, suggesting volatility.
Short-Term Outlook: Analysts predict a potential rise to $0.388 by January 2025.
Long-Term Forecast: Projections estimate a value of $0.519 by 2030.
Next Move: Monitor support levels around $0.370 and resistance near $0.413. Consider setting stop-loss orders to manage risk.
Stay informed and trade cautiously.