ALGO Price Breaks over $0.38 Level as TAMA Gets Hotter!

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The price forecast shows that ALGO could be ready for the uptrend as the near $0.40 resistance today.

Algorand Prediction Statistics Data:

  • Algorand price now – $0.36
  • Algorand market capitalization – $2.52 billion
  • Algorand circulating supply – 6.93 billion
  • Algorand total supply – 7.3 billion
  • Algorand Coinmarketcap ranking – #28


Key Levels:

Resistance levels: $0.42, $0.44, $0.46

Support levels: $0.30, $0.28, $0.26

Algo Price Breaks Above $0.38 Level As Tama Gets Hotter!ALGOUSD – Daily Chart

ALGO/USD is likely to cross over the resistance level of $0.40 to increase the  trend . In the meantime, the digital currency might kick-start another positive trend run back over the $0.38 level if the market value and stays over the upper boundary of the channel. Consequently, any additional positive break to the upside is required for the coin to press higher. Nevertheless, Algorand (ALGO) needs break beyond $40 before hitting the $0.42 resistance level.

Algorand (ALGO) May Gain More Upsides; Tamadoge (TAMA) Trades Positively

Looking at the daily chart, the Algorand price is at present over the 9-day and 21-day moving averages. If the buyers continue to grind higher, the 1st resistance level may be located at $0.38 as this could likewise be followed by $0.40. Nonetheless, additional resistance levels may likewise be found at $0.42, $0.44, and $0.46 respectively. On the flip side, if the Algorand price heads toward the lower boundary of the channel, it could hit the 1st level of support at $0.32.

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Nonetheless, sliding below the lower boundary of the channel may lead the coin to the critical support levels at $0.30, $0.28, and $0.26. The technical indicator (14) is moving to cross into the overbought , which signifies that buyers may begin to win control of the market, and this, could likewise mean that ALGO/USD could be pushing towards the resistance level of $0.42 soon.

When compares with , the daily chart shows that the Algorand price is attempting to cross over the upper boundary of the channel. As soon as the price stables over this barrier, there is a possibility that additional gains could be obtained. Consequently, the upcoming resistance level is close to the 2000 SAT level. If the price keeps , it could even break the 2300 SAT and above.

Algo Price Breaks Above $0.38 Level As Tama Gets Hotter!ALGOBTC – Daily Chart

Nonetheless, if the bears regroup and stay below the moving averages, 1800 SAT support may play out before rolling to the critical support at 1600 SAT and below. In the meantime, the Relative Strength Index (14) is within the overbought region, suggesting positive trend movement.

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, an ERC-20  token, will likewise have its initial DEX offering (IDO) on Uniswap. TAMA is set to list at $0.03. As the Tamadoge presale sold out earlier than expected, the team is reportedly moving forward with all TAMA exchange listings to take place in the coming days.


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