- The recent 0.54% increase in ALGO ($0.14)’s price hints at growing bullish momentum, leaning towards an upward breakout.
- Over the past 36 hours, ALGO’s volatility has remained relatively low, hovering around the lower end of its historical range.
Algorand [ALGO] has caught the attention of traders as it consolidates within a symmetrical triangle pattern, hinting at a potential major price move.
ALGO is currently consolidating within a symmetrical triangle, marked by two converging trendlines with similar slopes. The breakout size is often proportional to the widest part of the triangle.
For ALGO, this suggests a potential 54% price movement.
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