ALGO/USDT in a decesive phase, Will it Make it or Break it?
Algorand in the recent times has attracted many and hence one can expect a significant upswing in the coming days, only if the asset breaks through the current pattern.
The ALGO price since the beginning of the 2022 trade is swinging within a falling wedge pattern, which is eventually a bullish indicator. No doubt the recent Terra-UST crisis hamper the rally to some extent, but the asset appears to be poised to secure back its initial positions at the earliest.
And hence, now when the price is very close to $0.5 levels it may move ahead accordingly slowly yet steadily until it reaches back to the pivotal zones around $1 piercing through $0.7 resistance. On the other hand, if in case the price faces a rejection here, it may slip down below $0.4 to test 0.34.
The ALGO price since the beginning of the 2022 trade is swinging within a falling wedge pattern, which is eventually a bullish indicator. No doubt the recent Terra-UST crisis hamper the rally to some extent, but the asset appears to be poised to secure back its initial positions at the earliest.
And hence, now when the price is very close to $0.5 levels it may move ahead accordingly slowly yet steadily until it reaches back to the pivotal zones around $1 piercing through $0.7 resistance. On the other hand, if in case the price faces a rejection here, it may slip down below $0.4 to test 0.34.