BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Algorand (ALGO) Approaches Key Breakout as Bullish Signals Intensify
Algorand (ALGO) Approaches Key Breakout as Bullish Signals Intensify
20
3
[TRADE_PLUGIN]ALGOUSDT,ALGOUSDT[/TRADE_PLUGIN]
Algorand ALGO News -
Algorand's ALGO token is showing signs of a potential trend reversal, climbing 1% on Monday following a 7% surge on Sunday. The cryptocurrency is nearing a wedge pattern breakout, with technical indicators and derivatives data pointing to possible extended gains.
Long positions currently dominate at 52% over the past 24 hours, reflecting strong buy-side interest. However, open interest remains relatively low at $119 million—a significant drop from July's peak of $185 million—suggesting cautious market participation despite the growing bullish sentiment.
By:
Previous
Hexydog Presale Surges 90% Amid Analyst Predictions of 50x Growth at Launch
Next
Toncoin (TON) Jumps 17% as On-Chain Activity and Futures Demand Soar
