Crypto coins to watch for potential reversal in the coming week: ALGO, AVAX, SUI
ALGO Analysis: Algorand (ALGO) has reclaimed the $0.26 neckline and is targeting a potential rise to $0.34 if it closes above $0.27, following a recent breakout from a double bottom formation.
AVAX and SUI Insights: Avalanche (AVAX) is testing its $27 resistance again after a pullback, while Sui (SUI) shows bullish momentum with moving averages indicating a possible test of the $4.30–$4.40 resistance zone.
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Technical Analysis for ALGO
Technical Sentiment Analysis for Algorand (ALGO) As of , Algorand (ALGO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALGO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ALGO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Algorand (ALGO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0529 | 0.0668 | 0.0828 | 0.0967 | 0.113 | 0.127 | 0.143 |
| Fibonacci | 0.0668 | 0.0782 | 0.0853 | 0.0967 | 0.108 | 0.115 | 0.127 |
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