Algorand (Bullish Scenario to $3.00)
Algorand's Community Governance at the time of writing this has:
19,638 Governors and 175,203,003.544 Algo's committed to be staked. Algo will surely have 20,000 Governors within the next 24-48 hours and 200,000,000.000 Algo's committed to the Governance Program.
Meaning less Algo's will be available on the market, both raising the value of the token and providing security. The deadline for the Governance will end mid-month, with governance rewards varying on the overall committed Algo's.
Algorand is now breaking out of a much larger bull flag pattern, but is making measured moves up to do so, the last move can be seen as the purple bars (copied bars pattern). The next move might be seen as the orange bars, with a lot of variation expected but the overall move up looking similar.
Floor/Support at $1.50 with resistance at $2.00. The overall price target for the bull flag pattern is $2.75-$3.00.
similar published Algorand ideas linked below:
19,638 Governors and 175,203,003.544 Algo's committed to be staked. Algo will surely have 20,000 Governors within the next 24-48 hours and 200,000,000.000 Algo's committed to the Governance Program.
Meaning less Algo's will be available on the market, both raising the value of the token and providing security. The deadline for the Governance will end mid-month, with governance rewards varying on the overall committed Algo's.
Algorand is now breaking out of a much larger bull flag pattern, but is making measured moves up to do so, the last move can be seen as the purple bars (copied bars pattern). The next move might be seen as the orange bars, with a lot of variation expected but the overall move up looking similar.
Floor/Support at $1.50 with resistance at $2.00. The overall price target for the bull flag pattern is $2.75-$3.00.
similar published Algorand ideas linked below:
Penafian
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