Crypto
Algorand Price Soars to Near $0.14, But Faces Key Resistance Zone
Algorand's price surged 11.5% this week, pushing it near $0.14 and pulling back from a fresh high.
The top of its weekly Bull Market Support Band is at $0.1017, which ALGO stays above, indicating bullish sentiment.
However, the price has yet to clear the resistance zone near $0.14, which held since June, and may pull back if it fails to hold this level.
The weekly chart shows that ALGO broke out of its consolidation range, but remains below both the 100-week EMA at $0.15453 and the 200-week EMA at $0.23709.