ការវិភាគតម្លៃ ALGO: តើនិន្នាការធ្លាក់ចុះរបស់សញ្ញាសម្ងាត់នឹងដល់ទីបញ្ចប់ទេ?

  • The token is trading at the demand zone on the daily time frame.
  • The pair of ALGO/USDT is trading at the price level of $0.2893 with a gain of 3.34% in the past 24 hours.

The bulls are in control of the trend and are raising the token’s price. Over the past few weeks, the Algorand (ALGO) coin has gained by more than 70%. One of the most versatile tokens in cryptocurrency is the Algo, which is the native token of the Algorand network. It is used to: cover transaction costs. purchase on-chain products like NFTs. buy products and services.

ALGO token on the daily chart

The token is trading in an upward parallel channel respecting the highs and lows of the channel. On the daily chart, we can see that the ALGO token is now up 3.34% in value, trading at $0.2893. The token is trading between its key Moving Averages, the 50 EMA and 200 EMA, and has crossed and held above the 50 EMA. (The blue line is 200 EMA, the red line is 50 EMA.) It remains to be seen if the bull can continue the bullish momentum or not.

សន្ទស្សន៍កម្លាំងទាក់ទង៖ The asset’s RSI curve is currently trading at 68.61, indicating that it is in the overbought zone. The value of the RSI curve has increased as the token price has risen. The RSI curve has crossed over the 14 SMA, indicating that the token is bullish. If the bulls can continue their bullish momentum and drive the token price higher, the RSI curve will remain in the overbought zone.

ទស្សនៈ & ការរំពឹងទុករបស់អ្នកវិភាគ

The token has retraced to its previous demand zone; now we’ll see if it can break above the demand zone and continue its bullish momentum. Investors should wait for the token to break and sustain above $0.2900 before buying to gain more confirmation. Intraday traders, on the other hand, have a good opportunity to go long and book profits based on their risk to reward ratio.

នេះបើយោងតាមបច្ចុប្បន្នរបស់យើង។ Algorand ។ price forecast, the value of Algorand will climb by 11.63% to $ 0.322079 by the next few days. Our technical indicators indicate that the current sentiment is Neutral, with the Fear & Greed Index reading 58. (Greed). Over the previous 30 days, Algorand has 21/30 (70%) green days and 8.38% price volatility. According to our Algorand forecast, now is a good time to buy Algorand.

កំរិតបច្ចេកទេស

ជំនួយសំខាន់: $0.2600

ចំណុច resistance សំខាន់៖ $0.3000 & 200 EMA នៅលើតារាងប្រចាំថ្ងៃ

សន្និដ្ឋាន

The token is trading in an upward parallel channel and bulls are driving up the price of the token. Investors who want to buy now can do so by keeping a stop loss and managing risk to reward ratio.

ការមិនទទួលខុសត្រូវ

ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់តែគំនិតព័ត៌មានប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។

ប្រកាសចុងក្រោយដោយ Ritika Sharma (ឃើញ​ទាំងអស់)

Source: https://www.thecoinrepublic.com/2023/02/09/algo-price-analysis-is-the-tokens-downtrend-coming-to-an-end/