Algorand (ALGO): Seems More of a Liquidity Grab | We WaitCurrent movement on markets seems a little suspicious, where markets are dipping hard, yet for example, on ALGO, we do not see any proper signs.
We are expecting to see soon a bounce to upper zones to form another local hight from where we will be looking for a correctional movement, but for now w
Key data points
No news here
Looks like there's nothing to report right now
Algorand 5X Lev. Full PREMIUM Trade-Numbers (PP: 1500%)This is an unusual pair for us to approach with leverage, the last time we opened a LONG on ALGOUSDT was in August 2023. Market conditions are different today.
Back then, prices were trading at the bottom before the recovery, so we were predicting the trend reversal and bullish breakout. Today, the
ALGO to make a new ATH?Applying the Grand Fib, we can see that if ALGO was to break its ATH, the ultimate target starts at $3.8.
ALGO is currently in the wave 3 about prove its doubters wrong!
There are a few trend lines which ALGO will need to clear in order to make even further parabolic new highs beyond the $3.8 po
Here's the analysis of Algorand (ALGO/USDT)🔍 Step-by-Step Strategic Breakdown:
1. Market Direction (Multi-timeframe Trend)
Daily Structure: After a sustained downtrend (LL–LH), ALGO broke out of its descending trendline and made a higher low followed by a higher high, indicating a possible trend reversal.
Trend Bias: Turning bullish on the
ALGO Approaches Bull Flag Resistance – Breakout Imminent?🔥 EURONEXT:ALGO – Bullish Flag Setup (Daily TF)
ALGO is gearing up to test the flag resistance on the daily timeframe 📊
📈 If price breaks out with strong volume, it could trigger the next leg upward 🚀
⏳ Price action is tightening — a breakout or rejection looks imminent.
👀 Stay focused — this se
ALGOUSDT Short Scalping Opportunity – 4H Chart AnalysisThe ALGOUSDT pair is presenting a promising short-term setup for scalpers favoring a bearish outlook. After a short-lived bullish push, the price has failed to break above a critical resistance zone and now shows signs of weakness on the 4-hour chart.
The market structure remains fragile, with rece
Algorand (ALGO): Targeting $0.32 Once We See Breakout Algorand has had a decent upward movement where now we are retesting the resistance zone on smaller timeframes.
Now what we are looking for is the proper break of that zone, which then would result in a good upward movement. So for now we wait for the 200EMA to be secured by buyers.
Swallow Academ
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of ALGORAND / TETHER (ALGO) is 0.228274 USDT — it has fallen −5.49% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing ALGO price chart.
ALGORAND / TETHER price has risen by 1.32% over the last week, its month performance shows a 8.93% increase, and as for the last year, ALGORAND / TETHER has increased by 23.12%. See more dynamics on ALGO price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
ALGORAND / TETHER (ALGO) reached its highest price on Jun 21, 2019 — it amounted to 3.528400 USDT. Find more insights on the ALGO price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
ALGORAND / TETHER (ALGO) reached the lowest price of 0.081789 USDT on Aug 17, 2023. View more ALGORAND / TETHER dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying ALGO is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade ALGO right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for ALGORAND / TETHER (ALGO): today its technical analysis shows the neutral signal, and according to the 1 week rating ALGO shows the sell signal. And you'd better dig deeper and study 1 month rating too — it's neutral. Find inspiration in ALGORAND / TETHER trading ideas and keep track of what's moving crypto markets with our crypto news feed.
ALGORAND / TETHER (ALGO) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, ALGORAND / TETHER is estimated as 8.87% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about ALGORAND / TETHER, you can find more inspiration in our curated watchlists.
You can discuss ALGORAND / TETHER (ALGO) with other users in our public chats, Minds or in the comments to Ideas.