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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.

CRYPTO_ALGOUSD
Open High Low ALGOUSD Price Change
0.26520 0.27410 0.27410 0.27075 +0.00555
Entry Signal

MarketClub’s Trade Triangles for ALGOUSD

long term up The long-term trend has been UP since Nov 5th, 2023 at 0.11870

intermediate term up The intermediate-term trend has been UP since Feb 11th, 2024 at 0.17785

short term down 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).

+75
Smart Scan Analysis for ALGOUSD
Strong Downtrend Sideways 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
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