- Bullish trend takes over the ALGO 24-hour chart.
- Bears struggle to reverse the ALGO market.
- Technical indicators show the bullish trend will continue in the short term.
Today’s market has been controlled by Algorand bulls, with bears’ attempt to drive prices lower unsuccessful after they brought prices to an intraday low of $0.1695. The price of ALGO climbed to $0.1712 as a result of the rise in demand.
Indicating significant buying activity, the market cap jumped by 2.04% to $30,513,774 while the 24-hour trading volume increased by 4.21% to $30,513,774.
Source: Trading View
The post Algorand (ALGO) Exhibits a Bullish Flag but Bears Still Loom appeared first on Coin Edition.