📈LONG: $ALGO (1D)
Current Price $0.39
Market Cap $3.18B
Change 1h -0.66% | 24h +4.40%
Analysis: ALGORAND is showing strong bullish momentum within a pennant pattern, suggesting potential for an upward breakout. The price successfully retraced at the 38.2% Fib level, indicating a solid foundation for a continued upward trend.
Price Targets: If the pattern breaks upwards, we could see ALGORAND aiming for the previous high at around $0.64. A further push might target the broader resistance near $1.00. Keep an eye on support at $0.32 for any retracements.
Algorand's community: @Algorand Foundation