📈 #ALGO Edges Higher — Signs of Recovery?
$ALGO / USDC — $0.2835 (+2.38%)
Algorand is bouncing back after a sharp pullback from its recent high at $0.3362, with today’s price action showing renewed buying interest above key moving averages.
🔍 Chart Highlights:
• MA(7): $0.2785 — Price is back above the short-term trendline
• MA(25): $0.2465 — Mid-term momentum still favors bulls
• Support Zone: $0.265–$0.270 holding strong
• Resistance Ahead: $0.30 psychological barrier, followed by $0.3362 swing high
Volume remains moderate, but a follow-through green candle could confirm this bullish reversal. If bulls stay in control, we could see another push toward $0.30+.
🧠 Watching for strength above $0.29 to signal real momentum return.