Algorand (ALGO) has recently made headlines by breaking above a descending trendline, indicating a possible bullish shift in the cryptocurrency’s price action. Following this breakout, the price surged nearly 10% over two days, and investors are now watching closely for further movements.
Breaking the Trendline
On Saturday, Algorand’s price crossed the significant descending trendline, igniting a rally of approximately 9.85%.·
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