Algorand Set To Enter Long-Term Accumulation Zone

5 Okt

It seemed like Algorand ended its correction but nope, a rejection is present right at EMA34 last week, and this week a move (and soon close) below EMA13, pointing toward another low next.

The drop that happened in early August 2024 did activate the October/September 2023 low prices, but the pair still produced a higher low. It seems we will get another drop which will activate the long-term accumulation zone. When prices drop, this will be the last chance to buy cheap and accumulate in anticipation of the 2025 major bull-market.

We are expecting new All-Time Highs and major growth in 2025. It will get ugly when the climax of the correction is happening but remember, this is only a temporary event and only has a few weeks, a few months at max, left.

Once the correction is over we can focus on green and up, we will never look back again. We will rebuild from the grown up. There will be lots of damage, but we are prepared, we know what to expect; life goes on.

Namaste.