$ALGO Short Liquidation: Bulls Break Through!
A substantial $71.8K short position has just been liquidated at $0.318, signaling a sharp bullish move for Algorand ($ALGO).
This liquidation showcases the growing upward momentum, with short sellers getting caught as $ALGO continues its push toward higher levels.
With $ALGO gaining traction, traders are watching closely to see if this rally can continue or if the market will face resistance at key levels.
Could this be the start of a major breakout for $ALGO, or is a pullback in the cards?
Market Insight: Liquidations often ignite rapid price moves—be prepared for potential volatility in the coming sessions.
What’s your take on $ALGO’s next move?
Let’s share insights below!