After hitting the $2.50 area around two months ago, ALGO has been vastly asleep and price action was very low.
With today's massive break out, price action is back on the menu. I'm foreseeing a new ATH in the next couple of days, assuming BTC will not dump.
After that, price discovery is coming our way. The last price discovery phase resulted in a ~40% gain for ALGO, which would take the price to $3.60. We'll come back to this analysis once ALGO has made a new ATH in the near future.
Happy trading!
With today's massive break out, price action is back on the menu. I'm foreseeing a new ATH in the next couple of days, assuming BTC will not dump.
After that, price discovery is coming our way. The last price discovery phase resulted in a ~40% gain for ALGO, which would take the price to $3.60. We'll come back to this analysis once ALGO has made a new ATH in the near future.
Happy trading!
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