As we analyze the weekly chart for Algorand ($ALGO
), a clear and promising Rounding Bottom pattern is emerging, indicating potential bullish continuation. This pattern signals that the market is likely to experience upward momentum as it progresses, making it a prime opportunity for strategic accumulation at lower levels. Traders should target the lower end of the channel for optimal entry points, positioning themselves for significant gains as the pattern unfolds.
Key Indicators:
RSI: 60 â Neutral, suggesting that momentum is neither overbought nor oversold.
MACD: 0.06 â Bullish, indicating that the trend is in favor of upward movement.
EMA: 0.24 â The price is currently trading above the exponential moving average, reinforcing the positive trend.
Price Target Levels: If the bullish trend continues, we anticipate price action to target resistance zones at $0.4799, $0.5421, and $0.5946. However, a more ambitious projection points toward $0.7937, which would provide substantial returns for traders who ride the trend as it progresses.
Looking Ahead: With strong technical indicators and a positive pattern emerging, $ALGO is well-positioned for growth. Investors looking to take advantage of this potential should consider entering near the lower channel and keeping an eye on these key price levels. As the market continues to show bullish signs, the Algorand community and the wider market are poised for promising developments in the coming weeks. Keep track of @Algorand Foundation fo r the latest updates. #algo #AltcoinSeason2025 #USJobsSurge256K #USJoblessClaimsDrop #AIXBT,COOKIE,CGPTOnBinance
Entry Point: Look for an entry around $0.4300 if the price pulls back.
Targets:
Short-term: $0.4600 (recent high)
Medium-term: $0.4800 (next resistance zone)
Stop-Loss: Place at $0.4000 to protect against downside risks.
Market Insight: XLM is showing solid bullish momentum with a 7.68% increase. A break above $0.4591 could trigger further upward movement, while $0.4300 remains an important support level to watch.
Monitor price action and adjust your strategy accordingly.
ALGO/USDT Price Update: Potential Trading Targets & Pro Tip
Current Price: $0.3631 (+1.14%) $ALGO
Target Levels:
1. Target 1: $0.3853 (Resistance Level)
2. Target 2: $0.3729 (SAR Level)
3. Target 3: $0.3584 (Support Level)
Stop Limit: $0.3607
Pro Tip: Keep track of price fluctuations near the SAR and support levels for entry and exit opportunities. Setting a stop limit at a key level can help you limit losses while staying aligned with market trends.
ALGO/USDT has shown a 2.10% increase in the past 24 hours, maintaining a bullish trend. The price is consolidating near key resistance levels, with positive momentum supported by rising trading volumes.
Technical Indicators:
Moving Averages:
MA(7): $0.3622
MA(25): $0.3650
MA(99): $0.3657
ALGO/USDT is currently holding above its short-term moving averages, indicating a bullish sentiment.
Price Targets đŻ:
1. Target 1: $0.3700
Immediate resistance level. A breakout above this could lead to further bullish momentum.
2. Target 2: $0.3800
A psychological resistance zone. Surpassing this would strengthen the upward trend.
3. Target 3: $0.3900
Strong resistance. Breaking this level would signal a significant rally.
Conclusion:
ALGO/USDT shows a positive technical setup, supported by moving averages and increased trading volume. Traders should watch for resistance near $0.3800 and $0.3900 while keeping an eye on support around $0.3500. Continued bullish momentum could drive the price toward higher targets.
$ALGO is following the same pattern when it pumped over 3x from $0.4202 to $1.8576 in February 2021. đ„đ If history repeats, #ALGO could reach $1.85 in Feb once it breaks its key resistance at $0.6280.đ
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Algo Coin Pump Alert !!
Algorand Forms an ascending triangle, RSI-51.81 is showing bullish momentum. Further, price action may break out of the triangle and head toward the target at 0.7027 to confirm the uptrend.
"Others" forms an ascending triangle according to the chart with the RSI of 44.23, showing its bullish momentum. The expected break out of the triangle shall push it upwards for the target. ( Join my Binance live for premium crypto signals )
The chart illustrates the liquidity levels for Algo, having quite a strong accumulation area around 0.36. So, putting it short, Algo USDT shows upward momentum, and that indicates its bullishness for a longer period of time.
Trade Details: Entry: Around 0.4079 ( Join my Binance live for premium crypto signals ) 1st Tp: 0.5272 2nd Tp: 0.6141 3rd Tp : 0.7000 $ALGO
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There is a hidden bullish divergence on the 4hrs tf, and is in the support area of ââthe prediction for the next direction đđđđđđ