Algorand (ALGO)

Hello @Iota_Godfather 🤓💪 I really like using this question for a more comprehensive #Algo #Algorand Price Action Update. When the price goes up or down, people always look for news or narratives to explain the price action. The fact is, random pumps also happen in a bear market. 👇 See Bitcoin's recent rally up to the 38% FIB level, See XRP's recent random rally up to $1.60, See TAO's recent rally up to $387 and many more.... The pump on Algo is also completely random and normal. From a higher-level view, for example, we have been in Algo's accumulation zone for a long time. Also near the lower levels close to new all‑time lows. As we have seen in the past, we have repeatedly shown strong upward reactions at these levels. Zooming in a bit more we can see that we have broken our trend line, something ETH and XRP have not yet done. However we cannot see a bullish sequence and are already in the first trend‑reversal zones. If we show strength here again, the next zones lie a bit higher between $0.25‑$0.20. In my opinion Algorand will give up these levels early enough. Often people try to read too much into a price action. In my experience and knowledge, that is not necessary. My takeaway: Everything inside the gray zone is, in my opinion, a very good price to accumulate Algo. Obviously not financial advice 😇✌️

$ALGO 50% in 7 days 😊 https://t.co/OxtOpPRpCc

I hope many of you were able to take advantage of #ALGO when I posted this back in February :) This analysis was based on structure alone, no hype, no narratives. Everyone thought it was a dead asset, nobody was talking about it. Analysts were saying the same thing about #ZEC before it went parabolic.

#ALGO is now late-stage in its falling wedge, appx. 70 to 90% into the apex. That’s where compression usually breaks. We’re no longer early… expansion is now on the table. These are exactly the charts i buy. https://t.co/1aBBiOXas5

$ALGO (1W) – Double breakout This is the third time we’re seeing this setup. Each time the sequence was the same: Price downtrend → compression → breakout RSI downtrend → compression → breakout Now it’s happening again. RSI already broke its downtrend. Price is now trying to reclaim key resistance. But this is where it matters. The breakout is not confirmed yet. That depends on the weekly close. If it holds → structure shifts → expansion follows If it fails → back into the range

#ALGO Bottom is in🔥 Full Send🚀 $ALGO https://t.co/8UtyNBISob

10+ hours of consolidation above the breakout level for #ALGO. No rejection, dips getting bought. That’s acceptance. If it holds, this is a continuation setup, not distribution. Opens up opportunity for a higher degree five way move and extended 5th leg. https://t.co/qTKDJQSEKS