![]() ![]() ![]() Investing in or trading crypto assets comes with a risk of financial loss. While compiling this report at 07:30 AM IST on September 9, 2021, the price is 1.99. Gov Capital ’s ALGO coin price prediction for 2022 sees the coin close in December at 0.44, before reaching 1.45 in a year’s time. At 07:30 PM IST on September 8, 2021, the price of the Algorand coin was around 1.30. ![]() The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. The ALGO coin has a 24-hour trading volume of over 4 billion and has seen a near 50 rise in the same period. The current levels could attract a lot of investors, as it could be a rare opportunity to catch this asset at its lowest level. However, the price is in a crucial demand zone, which can offer an excellent risk-to-reward ratio. The price recently carved a new all-time low, which raises concern among investors. Conclusion:Īlgorand’s (ALGO) price prediction shares a bearish outlook for the ALGO token price, which has been falling since February 2023. The 200 EMA acts as a dynamic resistance, and the prices may continue to move down until the price breaks above the indicator. This is a bearish sign indicating that the sellers are in control. It suggests that the correction may be getting over soon and the price may continue to move up.Ģ00 EMA: On the 4-hour chart, the price is trading below the 200 EMA. The digital coin’s potential could attract many users, influencing these high prices. MACD: MACD is getting ready to make a bullish crossover above the 0 line. ALGO price forecast for 2031 indicates an overall bullish trend leading to a peak price of 6.93, with an average price of 6.08 and a minimum price of 5.92. It represents a bullish to a sideways condition where the market moves up aggressively if the RSI goes below 70. RSI: The RSI indicator is currently at 53.41. Also, the current market condition offers an excellent risk-to-reward ratio, which could be a once-in-a-lifetime opportunity. In order to succeed with this pattern, the ALGO token must surpass the local resistance of $0.143, which can propel the price to the next resistance of $0.1747. Meanwhile, the price action is showing a potential double bottom pattern, which is a trend reversal pattern and can help the bulls recover the price further. The ALGO crypto price is getting consolidated before it makes its next volatile move. On the 4-hour chart, the price action suggests that the price has lost momentum and has been moving sideways after the recent dump. ![]()
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