CandleFocus Algorand (ALGO) 225% Rally Now Targets $1.73 and $2.37
2024-11-29
Author: Content Editor
Algorand (ALGO) is showing signs of recovery as it inches closer to a $3 billion market valuation. The recent bullish breakout and surge in price indicate a positive outlook for ALGO. Technical indicators suggest a continuation of the rally, with resistance levels at $0.36 to $0.39 and key Fibonacci levels at $1.17 and $2.37. However, if the bullish momentum fails, the price may retest support levels at $0.2278 and $0.1711. Ultimately, the market is hopeful for ALGO to surpass the $1 psychological milestone.
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