Crypto
ALGO at a Crossroads: Will It Break Through $0.14 or Face a Sharp Decline?
Algorand's price is pressing against its Bollinger upper band at $0.14, with smart money holding 65% long positions.
The momentum in ALGO has stalled exactly where it should scare investors, with the MACD histogram collapsed to zero and the RSI at 65.83 confirming this story.
The SMA stack beneath current price creates a massive airgap, making a rejection from $0.14 look like a 10% flush rather than a 3% dip.
The smart money positioning supports a long thesis, but the tape does not, yet.