ALGO price struggling to maintain near resistance trendline forms a falling wedge pattern in the daily chart.
ALGO price may fall under $0.10 with an intraday drop of 1.37%, potentially setting a new low at $0.050.
A continuous downtrend has led to ALGO coin prices decreasing by 45% in the last four months.
Despite near-resistance trading, the recent 1.37% downfall forms a bearish candle, indicating a potential fall.
Increased trading volume supports the drop in ALGO price, implying significant supply pressure.
If prices close below $0.1084, the XLM trend may test the support trendline of the falling wedge.
Bearish rally indicated by sideways Stochastic indicator trend and falling RSI line.
If XLM prices fall below $0.10, a new low of $0.055 could be established, a 45% drop.
However, lower price rejection could drive ALGO prices above the resistance trendline, potentially triggering a breakout rally with prices reaching as high as $0.15.
ALGO price may fall under $0.10 with an intraday drop of 1.37%, potentially setting a new low at $0.050.
A continuous downtrend has led to ALGO coin prices decreasing by 45% in the last four months.
Despite near-resistance trading, the recent 1.37% downfall forms a bearish candle, indicating a potential fall.
Increased trading volume supports the drop in ALGO price, implying significant supply pressure.
If prices close below $0.1084, the XLM trend may test the support trendline of the falling wedge.
Bearish rally indicated by sideways Stochastic indicator trend and falling RSI line.
If XLM prices fall below $0.10, a new low of $0.055 could be established, a 45% drop.
However, lower price rejection could drive ALGO prices above the resistance trendline, potentially triggering a breakout rally with prices reaching as high as $0.15.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.