- The ALGO coin price is positive, around 6.2% during intraday.
- The 24-hour trading volume is at $544 million.
- ALGO/BTC pair is trading positive by 3.8% at 0.00003507 BTC.
The daily technical chart and price trend of ALGO coin show a bullish trend. Based on the pivot point, the first support zone is 0.95 USDT. Another way to watch it is that if it rushes, the resistance level to look at is 2.45 USDT. Therefore, the chart created a bullish harami candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering medium strength.
The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost moves above the green ribbon. This guarantees a rise in ALGO until it is above the ribbon.
Trading volume (31.561 M) is below the 20-day moving average (78.123 M). The volume is moderate, so the cost is moving above the pivot point. Investors may also see the volume bar on the chart increases. This indicates that anomalous instability is common on subsequent trading days.
The RSI indicator gave a signal (bullish) with 56.66, projecting a purchase signal in the currency. Investors can observe an inclined slope from 46 to 56. It can arise in future trading sessions.
Long-Term Perspective of The Price of ALGO Coin
The weekly technical chart and price trend of ALGO coin show a bullish trend. Based on the pivot levels, the support zone is 0.90 USD. From another perspective, if it rushes upwards, the resistance level to look for is 4.00 USD. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.
So, The price of Argoland today is $1.94 and the 24-hour trading volume is $544,822,695. ALGO prices have risen 6.2% in the last 24 hours. It has a circulation of 6.1 billion ALGO coins and a total of 6.68 billion. The RSI points to a buying signal, and the traders have prompted moderate volume. In fact, the cost is moving above the pivot levels. Similarly, the general outlook for the market is that the pattern will remain bullish over the following trading days.
Resistance Level: $2.45 & $4.0
Support Level: $0.90 & $0.95