Technical analysis by aminazarpey about Symbol ALGO on 3/29/2025
https://sahmeto.com/message/3380637
Algorand Technical Analyze
:Neutral
Price at Publish Time:
$0.18383

Trend: Price is following an ascending channel (orange lines), and it's nearing a key support level.Support: The green support around 0.14–0.15 is a critical level, and a break below this could lead to further downside.Resistance: Resistance is at 0.30–0.40, where the price has previously faced rejection.Volume: Volume is still low, indicating weak momentum.Price Action: Watch the price action near 0.15. A bounce could target 0.30–0.40, but if the price breaks below 0.14, further downside toward 0.10 is possible.
Source Message: TradingView