🌟 Algorand Surges to 5-Month High 🚀
ALGO hit $0.29, its highest since March, after rallying 57% in 7 days. Currently at $0.27, it’s still up 80% from its YTD low. 📈
Network activity soared, with transactions jumping 30% to 5.8M and stablecoin supply rising 94% to $134M, mostly in USDC. 💰
🏠 Real-World Adoption & Analyst Targets 🔥
Real-world tokenization on Algorand grows, with Lofty’s TVL surpassing $89M. Analysts see more upside; Ali Martinez predicts a breakout could push ALGO another 55% to $0.42 if it retests $0.258 support. 🎯
ALGO trades in a multi-month parallel channel, signalling potential for a massive bullish wave ahead. 🌊
📊 Technical Indicators Stay Bullish ✅
A double-bottom breakout above $0.2604 strengthens the trend reversal. 📊
ALGO also trades above its 50 & 100-day EMAs, with RSI and MACD showing strong upward momentum. 🔥
Next target? Break $0.32 resistance to reach the 61.8% Fibonacci level at $0.3642. 🚀
$ALGO
ALGO hit $0.29, its highest since March, after rallying 57% in 7 days. Currently at $0.27, it’s still up 80% from its YTD low. 📈
Network activity soared, with transactions jumping 30% to 5.8M and stablecoin supply rising 94% to $134M, mostly in USDC. 💰
🏠 Real-World Adoption & Analyst Targets 🔥
Real-world tokenization on Algorand grows, with Lofty’s TVL surpassing $89M. Analysts see more upside; Ali Martinez predicts a breakout could push ALGO another 55% to $0.42 if it retests $0.258 support. 🎯
ALGO trades in a multi-month parallel channel, signalling potential for a massive bullish wave ahead. 🌊
📊 Technical Indicators Stay Bullish ✅
A double-bottom breakout above $0.2604 strengthens the trend reversal. 📊
ALGO also trades above its 50 & 100-day EMAs, with RSI and MACD showing strong upward momentum. 🔥
Next target? Break $0.32 resistance to reach the 61.8% Fibonacci level at $0.3642. 🚀
$ALGO
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ALGO
0.2791
-1.06%