ALGO is still in an accumulation phase and has not yet rallied strongly but in the next few days it could make a big pump to the $1 and $1.30 region or higher. But if it loses the $0.8 zone, it will fall sharply to the $0.65 zone

🔴Buy : 0.78-0.82$. SL if B 🔴Buy : 0.975-1.025$ if A. SL if B
🔴Sell : 0.975-1.025$. SL if A 🔴Sell : 1.27-1.33$. SL if A
🔵Sell : 0.78-0.82$ if B. SL if A 🔵Buy : 0.635-0.665$. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network".
  • Algorand is built by a team with deep roots in academic theory and science, led by Turing award winner Silvio Micali, who has dedicated his career to pioneering research in the field of cryptography.
  • Algorand competes with large payment and financial networks and focuses on industrial use-cases. One of the more notable use-cases involved the Marshall Island's plans to issue Central Bank Digital Currency.
  • Furthermore, Algorand offers highly-customizable smart contracts (ASCs), Asset Tokenization (Algorand Standard Assets), and Atomic Transfers built directly in Layer-1.
  • ALGO is the native asset of the Algorand Protocol and serves as the medium of exchange and store of value. ALGO must further be staked by network validators.