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ALGO

Algorand Showing Bullish Momentum, Watch Resistance for Breakout

I see ALGO up 4.64% to $0.29 with a bullish MACD and RSI in neutral territory, signaling intact upside momentum. The coin has cleared several moving averages and is testing a key resistance level.

I will watch how price reacts at that resistance — a clean, volume-backed breakout would favor further gains, while a rejection could trigger consolidation or a pullback; manage risk with stops below recent moving averages.

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Analysis

Technicals are constructive: MACD bullish cross, RSI neutral (room to run), and price above several moving averages — momentum is positive but the current resistance test is the key near-term decision...

Recommendation

Buy on a confirmed breakout above resistance or consider buying on weakness near moving-average support with a defined stop-loss; avoid entering without a clear confirmation of breakout volume.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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