Signal price

Algorand price prediction for today, October 25: ALGO/USD approaches the $0.35 level

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Algorand’s price prediction changes hands at $0.33 as the Relative Strength Index (14) technical indicator breaks above the 50 level.

Algorand Market Price Statistics:

  • Algorand price now: $0.33
  • Algorand market cap: $2.36 billion
  • Algorand circulating supply: $7 billion
  • Total Algorand supply: $7.2 billion
  • Algorand Coin Market Rank: #29

ALGO/USD market

Key levels:

Resistance levels: $0.40, $0.42, $0.44

Support Levels: $0.28, $0.26, $0.24

ALGO/USD is currently trading around $0.33 and once it manages to break above the potential resistance of $0.34, the next target could be located at $0.35 where it is trading above the averages 9-day and 21-day shifts. However, a push from here could send the price straight to around $0.36 as the daily low is spotted at the $0.31 support level. If the current level does not hold, the price of Algorand could slip below the 9-day and 21-day moving averages.

Algorand Price Prediction: Is Algorand Ready for the Rise?

Looking at the daily chart, Algorand bulls are now returning to the market. Therefore, if the buyers can exert more effort and push the market price towards the upper boundary of the channel, ALGO/USD could likely reach the resistance levels of $0.40, $0.42 and $0.44. respectively. Also, any bullish moves above these key resistance levels can likely encourage further buying.

Additionally, a break below the lower boundary of the channel can take the coin towards the critical supports at $0.28, $0.26, and $0.24. Meanwhile, looking at the Relative Strength Index (14) technical indicator, Algorand may tend to trend higher as the signal line moves towards the 60 level, suggesting the market may be heading lower. high.

Compared to Bitcoin, the price of Algorand is trying to break through the 9-day and 21-day moving average, which may reach the nearest resistance at 1800 SAT. Therefore, unless this resistance actually holds and price eventually closes above it, there may be no reason to expect a long-term bullish reversal.

ALGOBTC – Daily Chart

However, pulling the price back towards the lower boundary of the channel could refresh the lows below 1624 SAT, as a possible bearish continuation could likely reach major support at 1300 SAT and below. More so, buyers can push the coin to potential resistance at 2000 SAT and above, as the Relative Strength Index (14) technical indicator is ready to break through the 50 level, suggesting more bullish signals.

The first phase of the IMPT presale is currently underway, with each token trading at $0.018. However, Impact tokens will be sold at $0.023 each in the second stage. And the price of the asset is expected to increase further in the third stage.

The Dash 2 Trade presale got off to a great start, having now raised over $2 million in just a few days. In the first step, the price was only $0.0476, and now it has gone down to $0.05. In the third leg of the presale, the price will rally to $0.0513.


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