Algorand (ALGO) Price Leads Weekend Gainers
– ALGO price fell under a descending resistance line and the 0.618 Fib retracement support level at $0.11.
– ALGO price broke out from the resistance line and is moving above the $0.11 horizontal area.
– If ALGO reclaims this level, it could move to the next resistance at $0.13, a 17% increase.
– A close below $0.11 would mean the trend is still bearish and could lead to an 18% drop to $0.09.
DASH Bounces and Breaks Out
– DASH price decreased under a descending resistance line and reached a low of $30.35.
– Price bounced and broke out from the resistance line, validating the $31 horizontal area as resistance.
– If the increase continues, the next resistance will be at $35.90, a 10% upward movement.
– Failure to sustain the breakout could lead to a retest of the $31 horizontal area, a 5% decrease.
DENT Price Attempts to Clear Resistance
– DENT price has made unsuccessful attempts at breaking out from a descending resistance line.
– Another breakout attempt is expected as lines weaken with each touch.
– If DENT breaks out, it could increase by 13% to the next resistance at $0.0009.
– A rejection could lead to a drop to the $0.0007 area, a 12% decrease.
Hot Take
Algorand (ALGO), Dash (DASH), and Dent (DENT) have shown promising signs of breaking out from resistance lines. If these breakouts are sustained, it could lead to significant increases in their prices. However, a failure to maintain these breakouts could result in a retest of support levels and potential decreases. Crypto readers should closely monitor the price movements of these cryptocurrencies to capitalize on potential opportunities.
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