Algorand / Dollar intraday: rise to 0.1862

Limited Increase
u
2025-06-13 21:59Source:TC

Our pivot point is at 0.1735.

Our preference: rise to 0.1862.

Alternative scenario: the downside breakout of 0.1735 would call for 0.1689 and 0.1662.

Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1776 and 0.1772).

Supports and resistances:

0.1917 **

0.1890 *

0.1862 **

0.1835

0.1777 last

0.1753

0.1735 **

0.1689 *

0.1662 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 06-13-2025 at 21:59 UTC+1

Price reference: 0.1777 last known on 06-13-2025 at 21:59 UTC+1

Investment horizon: INTRADAY

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