$ALGO
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Algorand is an open-source blockchain protocol that relies entirely on the "Proof of Stake" mechanism
To build a dual-layer infrastructure that ensures an ideal balance between decentralization, scalability and security
## Smarter smart contracts
- Traditional smart contracts are complex and prone to errors.
- Algorand offers alternatives at the protocol level to simplify operations.
- Atomic swaps are an example of such alternatives.
- Atomic swaps reduce risk and increase efficiency.
The Algorand protocol represents a quantum leap in the field of blockchain, combining decentralization
with security and scalability.
These features make it an attractive option for developers and companies looking to build applications based
on blockchain technology.
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The currency is in good condition on the weekly and daily frames, with the upward trend continuing until
The date of adding the article
In the picture Below are the most important expected levels of support and resistance
The technical indicators are also very good
Knowing that most of the fluctuations are in the overbought zone on the daily frame
The technical indicators are positive ๐
๐MA
๐SMA
๐RSI
๐BB
๐MACD
๐obv
Support:
โก1: 0.1993
โก2: 0.1650
โก3: 0.1223
Resistance:
โก1: 0.2441
โก2: 0.3010
โก3: 0.3814
๐ต๐ฐAnd don't forget to trade with a ban with good capital management
Stay safe ๐
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