ALGO’s price dump – Here’s what’s next for the altcoin

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Lower and higher timeframe charts seemed to be bearish ALGO recorded fluctuating funding rates over the last few days Algorand’s [ALGO] value has declined to its mid-January level. At press time, the token was […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionALGO recorded fluctuating funding rates over the last few days

ALGO could face rejection at the 23.6% Fib level and move south before bouncing back from $0.1983. Alternatively, it could sink below $0.1983 and attract extra intense selling pressure.

 

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