ALGO/USDT 15x Potential as per My chart Analysis

2 thg 1

ALGO/USDT Inverse H&S Pattern: ALGO

Warning: Strong Resistance Ahead at $0.30 Level!
If the price is rejected from $0.3 level, a 50% retracement is possible.

However, an Inverse H&S Pattern is also emerging, suggesting that the best accumulation zone might be around the right shoulder at $0.160-$0.180.

If this pattern comes to fruition, a 15x target could be expected in the near future!

Another scenario to keep in mind:
If the resistance breaks, we could see a super bullish move towards $2 (10x)!

Overall, the market is bullish, so try to accumulate at every big dip in the spot.
Algorand is already up 200% from the recent bear market bottom.

Fundamentals: Over 30 million transactions completed in less than 24 hours on #Algorand

Algorand started this year with 2k TPS sustained for hours. It is now a few hours into the Juicening, and Algorand is still on top