Our pivot point is at 0.2329.
Our preference: the downside prevails as long as 0.2329 is resistance.
Alternative scenario: the upside breakout of 0.2329, would call for 0.2401 and 0.2443.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.2311 and 0.2293). Finally, the Algorand / Dollar has penetrated its lower Bollinger band (0.2275).
Supports and resistances:
0.2443 **
0.2401 *
0.2329 **
0.2301
0.2268 last
0.2178
0.2135 **
0.2093 *
0.2051 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 15:06 UTC+1
Price reference: 0.2268 last known on 09-02-2025 at 15:06 UTC+1
Investment horizon: INTRADAY
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