Crypto Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
Algorand (CRYPTO:ALGOUSD)
Bull Market Weakness (+75) - ALGOUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ALGOUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ALGOUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALGOUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ALGOUSD
The long-term trend has been UP since Nov 5th, 2023 at 0.11870
The intermediate-term trend has been UP since Feb 11th, 2024 at 0.17785
The short-term trend has been DOWN since Mar 28th, 2024 at 0.27845
Smart Scan Analysis for ALGOUSD
Based on our trend formula, ALGOUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.26520 | 0.27410 | 0.27410 | 0.27075 | +0.00555 |
Prev. Close | Volume | Bid | Ask | Time |
0.26520 | 2024-03-28 10:06:46 |