Algorand (ALGO) Price Prediction 2022
Algorand (ALGO) holds the 33rd position on CoinGecko right now. ALGO price prediction 2022 is explained below with a daily time frame.
The above chart of Algorand (ALGO) laid out a Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Algorand (ALGO) is in the range of $0.2891. If the pattern continues, the price of ALGO might reach the resistance levels of $0.6500. If the trend reverses, then the price of ALGO may fall to $0.2684.
Happy Trading
Algorand (ALGO) holds the 33rd position on CoinGecko right now. ALGO price prediction 2022 is explained below with a daily time frame.
The above chart of Algorand (ALGO) laid out a Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Algorand (ALGO) is in the range of $0.2891. If the pattern continues, the price of ALGO might reach the resistance levels of $0.6500. If the trend reverses, then the price of ALGO may fall to $0.2684.
Happy Trading
