Algorand (Algo), one of the long -established Altcoin projects, gives recovery signals as technical indicators point to. The TD Sequential indicator shows that the purchase signal shown in the daily graph shows that the current decrease trend can end and the direction change may be experienced.
Currently, Algo is faced with a resistance of $ 0.4020, but the price is currently in the consolidation process. This may indicate that there was a accumulation phase before a significant breakdown.
Technical Indicators give positive signals for Algo
The MACD indicator showed a bull -oriented transition. The MACD line increased above the signal line and pointed out that the rise momentum was strengthened.
The TD Sequental indicator showed that the current decrease trend began to run out by giving a purchase signal on the daily graph. This signal usually points to an upcoming price transformation.
The funding rate was at -0.0054 during writing. This means that short position holders pay to long position holders and indicate that there is a slight downward trend in the market. However, this can lead to a rapid acceleration when the price makes upward breaks.
What does the silence of Altcoin whales mean to the Altcoin market?
Currently, the whale index shows that large investors are currently currently showing low activity for the current whale index. This can be interpreted that the confidence of whales on the market is reduced. However, in the past, it was seen that the whales were waiting for a while and the rise had entered the market after the rise was approved.
If Algo exceeds $ 0.4020, it seems likely that the whales will move and trigger the price up.
What levels are waiting for the price of Algo in February 2025?
Technical indicators show that Algo is preparing for the rise and a strong bull movement may be experienced especially if it exceeds $ 0.4020.
However, it is important that investors pay attention to risk management, as market conditions are open to sudden changes. Since big investors are still waiting, a stronger movement can be observed when a clear direction occurs in the market.
