Algorand / Dollar intraday: the RSI is overbought

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20250603101759939914019da87ed4cb44a445318c6d99
ALGOUSD+0%
2025-11-23 21:21Source:TC

Our pivot point stands at 0.1407.

Our preference: the upside prevails as long as 0.1407 is support.

Alternative scenario: the downside breakout of 0.1407 would call for 0.1364 and 0.1338.

Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1409 and 0.1382).

Supports and resistances:

0.1576 **

0.1550 *

0.1525 **

0.1499

0.1444 last

0.1424

0.1407 **

0.1364 *

0.1338 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-23-2025 at 21:21 UTC+1

Price reference: 0.1444 last known on 11-23-2025 at 21:21 UTC+1

Investment horizon: INTRADAY

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