Algorand could breakout anytime
$ALGO has been lagging behind in price action lately, after a pullback from it ATH of $2.50 level.
A symmetric wedge is currently forming on the daily chart, and with Bitcoin being pumped about 15-20% since last week, it time for money to enter alts.
With excellent technology and fundamentals $ALGO is comparable to the likes of $ADA (Cardano) which currently captures approx 70B market cap.
Short term: ATH coming soon, Medium term: I see $ALGO going up to $8-$10
A symmetric wedge is currently forming on the daily chart, and with Bitcoin being pumped about 15-20% since last week, it time for money to enter alts.
With excellent technology and fundamentals $ALGO is comparable to the likes of $ADA (Cardano) which currently captures approx 70B market cap.
Short term: ATH coming soon, Medium term: I see $ALGO going up to $8-$10
Yorum:
Seems to work like a charm