by: xpoolPosted on:

Algorand Price Nears Breakout: Descending Triangle Tightens Between $0.26 and $0.22

Algorand’s price is currently poised for a breakout, as the asset tests its resistance level at $0.26 while holding support around $0.22. Technical indicators are suggesting a potential shift in momentum, with MACD turning positive and DMI signaling a change towards bullish control in the short-term. A decisive break above $0.26 could lead to targets of $0.28 and $0.32, while a failure to break may see prices return to the lower support level at $0.22.

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