TL;DR Breakdown Algorand price analysis for today is bullish bearish.The current price is at $1.98, below the resistance at $2.1.The bulls got exhausted before breaching the resistance at $2.1.The nearest support level rests at $1.442, which hasn’t been breached. Algorand price analysis was bullish for most of the time today, with consecutive green candles forming in the four-hour chart. However, a rejection after reaching the resistance at $2.1 made a price crash for Algorand inevitable. There was a possibility that ALGO/USDT pair would breach the resistance, but it wasn’t able to, and as a result, we saw two consecutive red candles on the 4-hour charts. After rejection from the resistance, we can see that the price is currently at $1.9, which is 40.64 percent low from its all-time high that was created two years ago. At the same time, another interesting fact about this coin is that its market cap rose by almost 65.20 percent with this recent price rally. The trading volume has also increased by 69.58 percent, according to the data provided by Coinmarketcap. If this trend continues, we might see another huge surge in the price of the coin, but for now, it seems that the price wasn’t able to move up high. Bitcoin, on the other hand, fell from $52K to $46K and is currently at $45K. If the price level is not maintained, we might see BTC crash below 40K. For a long-term overview of Bitcoin and&n...
