បោះពុម្ពផ្សាយ ១ ម៉ោងមុន
A bullish reversal from the Megaphone pattern’s support trendline offers a recovery opportunity for Algorand coin price. Under the favorable bullish scenario, a bull cycle within this pattern should push the price to the overhead resistance, which in our case, resides near $0.45. However, the buyers currently show one single step to reach this target with the bullish breakout of $0.29.
ចំណុចសំខាន់:
- A bullish breakout from $0.29 sets ALGO for 14.3% growth
- The downsloping EMAs(20, 50, 100, and 200) indicate a potential rally may face multiple resistance
- បរិមាណជួញដូរ 24 ម៉ោងនៅក្នុងកាក់ Algorang គឺ $400 លានដុល្លារ ដែលបង្ហាញពីការកើនឡើង 118% ។
ប្រភព -ជួញដូរ
The Algorand coin price has remained sideways for the past five months, following a megaphone pattern. Despite several macroeconomic events like the increasing interest rate hikes from US Fed, Russia Ukraine war, and most recently, the ការផ្លាស់ប្តូរ FTX crypto គាំង, the ALGO remained inside the pattern indicating the traders strictly respect this trading setup.
Furthermore, on November 18th, the Algorand price rebounded from the bottom support trendline, triggering a new bull cycle within the pattern. This bullish reversal breached the $0.29 local resistance, offering an additional confirmation for price recovery.
However, today the price shows a 2% intraday loss and retests the breached resistance. If the buyers sustain above the $0.29 mark, the potential rally should drive the Altcom នេះ 14.3% higher to reach the $0.33, followed by the $0.37 barrier.
Having said that, the Algorand price will escape the ongoing sideways trend once it breaks either trendline of the megaphone pattern.
សូចនាករបច្ចេកទេស:
RSI- A potential crossover of the ជម្រាល RSI ប្រចាំថ្ងៃ above the neutral line(50%) will indicate favorable market sentiment to follow the aforementioned bullish thesis.
EMAs- the 20-day EMA is pressuring the ALGO price to plunge back to bottom support. Moreover, the price will face similar resistance from the other EMAs(50, 100, and 200) as it continues to rise.
Algorand intraday price levels
- តម្លៃកន្លែង៖ ២២៧៦ ដុល្លារ
- និន្នាការ: ធ្លាក់ចុះ
- ភាពប្រែប្រួល: មធ្យម
- កម្រិត Resistance: ២,០០ ដុល្លារនិង ២.៥០ ដុល្លារ
- កំរិតគាំទ្រ៖ ១.៥០ ដុល្លារនិង ១,៤០ ដុល្លារ
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
Source: https://coingape.com/markets/heres-why-algorand-price-may-outperform-bitcoin-in-near-term-growth/