$ALGO Algorand (ALGO) has been under pressure recently, trading around $0.16, down over 30% in the past month and −33% over 90 days . Technicals show mixed signals: short-term momentum hints at a bounce near support zones between $0.15–$0.17, while bearish patterns like a “death cross” of the 50‑day and 200‑day SMAs persist . On-chain activity, including a rise in whale accumulation (~5%) and transaction volume growth, alongside a breakout from a long-term descending channel, suggest possible upside to $0.21–$0.25 if sustained . However, broader crypto weakness and macro factors (interest rates, risk sentiment) weigh heavily. In short, ALGO appears technically oversold with support in place, but any sustained move higher likely needs confirmation via breakout above $0.17–$0.18.

#BinanceAlphaAlert #IsraelIranConflict #SwingTradingStrategy #CryptoStocks #MyTradingStyle