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Can Bulls Support ALGO to Make the First 200-day MA Breakout for 2023?

Published 01/03/2023, 03:16 AM
Updated 01/03/2023, 03:45 AM
Can Bulls Support ALGO to Make the First 200-day MA Breakout for 2023?

  • Algorand traded in the green zone fluctuating between $0.162 and $0.174.

  • AGLO breaks the 200-day MA for the last quarter of 2022 in late October.

  • The altcoin has touched the upper Bollinger band, and the market could correct the price of ALGO.

Algorand (ALGO) opened the market for the week with its price of $0.168. For the first couple of days (December 27 and 28), ALGO traded in the green zone fluctuating between the $0.162 and $0.174 range, as shown in the chart below. However, following this short stay in the green zone ALGO tanked into the red zone and recorded its lowest price of $0.161.

Early into December 31, ALGO gained some momentum from the bulls and reached the green zone. Since then, ALGO has been able to retain the position that it gained. The bulls pushed ALGO as it started fluctuating between the $0.168 and $0.182 range. Currency, ALGO is up 3.57% in the last 24 hours and is trading at $0.1814.

The post Can Bulls Support ALGO to Make the First 200-day MA Breakout for 2023? appeared first on Coin Edition.

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