As the chart shows, this is how I think the price of Algorand will roughly play out in the coming weeks. I think it is more likely that the ascending channel will conclude with the downward trend being resumed contrary to popular belief. That being said, there is always a chance the price does go to a new high, but I believe this is less likely to happen. This is just my opinion. Do not base your own trades on it — Make sure to do your own research.