#algorand Part Two

#### **Chart Patterns**:

- **Overall Downtrend** with lower highs and lows since May 2025.

- Repeated testing of the **0.1518** level (critical support), with a potential break that could push the price toward **0.1380**.

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### ⚠️ **Risks and Influencing Factors**

1. **High Volatility**:

- Daily price volatility **~4%**, with high sensitivity to macroeconomic news.

- Trading volume **$97.47 million** (7% of market cap), indicating moderate liquidity.

2. **External Factors**:

- Strong correlation with **Bitcoin** volatility and global economic events.

- Sensitivity to developments in the **Algorand** project in the fields of **Internet of Things (IoT)** and **Decentralized Finance (DeFi)**.

3. **Technical Risks**:

- Breaking **0.1518** could lead to a sharp drop to **0.1380** (weekly demand zone).

- A sudden rise above **0.1623** could trigger an upward correction towards **0.1732**.

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### 📈 **Strategic Recommendations**

#### **For Short-term Traders (Scalping/Swing)**:

- **Enter Sell Positions**: upon testing **0.1612–0.1623** (near resistance), with a stop-loss above **0.1630**.

- **Profit Targets**:

- **TP1**: **0.1586** (immediate support).

- **TP2**: **0.1518** (strong support).

- **Supporting Indicators**: Monitor **Stochastic** and **trading volume** to confirm downward momentum.

#### **For Long-term Investors**:

- **Accumulation at 0.1380**: a historical demand zone that has seen strong bounces previously.