Algorand Price: A Potential Market-Shaking Surge Ahead?

Algorand has experienced a recent price pullback, reminiscent of market shakeouts that often precede significant upward movements. Top analyst BATMAN highlighted this on X, suggesting it was a result of panic selling and unfounded negative sentiment (FUD). The analysis is supported by the rapid bounce back, which indicates a strong reaction from patient buyers. Analysis of the daily chart shows ALGO briefly dipped below its long-term trendline, sparking concerns about its structure. However, price quickly recovered above this level, showcasing resilience and suggesting the start of a potential rally.