ALGO/USDT shows potential for a bullish breakout after the retracement phase. The support at $0.3099 USDT offers a strong buying opportunity, with targets at $0.4960 USDT and $0.8059 USDT. The price action around the key Fibonacci levels will determine the next direction.
📈LONG: $ALGO (1D)
#ALGOUSDT | #ALGO | #Algorand
Current Price $0.33
Market Cap $2.85B
Change 1h -3.45% | 24h +10.54%
Daily Indicators:
• RSI: 43 - Neutral 🟠
• MACD: 0.00 - Bullish 🟢
• EMA: 0.37 - Trading Below 🔴
Analysis:
ALGO/USDT is showing promising signs for a bullish breakout after its recent pullback. The retracement provides a potential buying opportunity around $0.3099 USDT. Keep an eye on key Fibonacci levels that might dictate upward momentum.
Price Targets:
Look for ALGO to target $0.4960 USDT and $0.8059 USDT on the upside. These price points align with Fibonacci extensions, providing promising potential for gains if the trend continues upward.
Algorand's community: @Algorand Foundation #BTCNextMove #USUALBullRun