Algorand set to have a bullish breakout this week – Here’s why

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Algorand (ALGO) could have an outstanding week according to technical analysts. The key resistance level to watch is at $0.14, with a target of $0.19 in case of a bullish breakout. The token gained 10.1% in 24 hours with a 41.6% increase in trading volume. Since posting a low of $0.0757 in late July, ALGO has bounced to $0.126. The broader crypto market saw $191 million in liquidations in one day, including $141 million in short positions.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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