Algorand / Dollar ST: the downside prevails as long as 0.2731 is resistance

High Volatility
20250603101759939914019da87ed4cb44a445318c6d99
ALGOUSD+0%
2025-09-02 12:11Source:TC

Our pivot point stands at 0.2731.

Our preference: the downside prevails as long as 0.2731 is resistance.

Alternative scenario: the upside breakout of 0.2731, would call for 0.3238 and 0.3540.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.2498 and 0.2609).

Supports and resistances:

0.3540 **

0.3238 *

0.2731 **

0.2532

0.2319 last

0.1680

0.1387 **

0.1094 *

0.0800 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-02-2025 at 12:11 UTC+1

Price reference: 0.2319 last known on 09-02-2025 at 12:11 UTC+1

Investment horizon: ST

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