Promise

bullish

2024

Algorand

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Algorand rebounds, rising 3% in 24 hours, indicating growing altcoin market resilience.</strong></li> 
 <li><strong>Algorand’s RSI at 31.18 suggests a potential price reversal despite ongoing bearish momentum.</strong></li> 
 <li><strong>Market confidence in Algorand grows while technical indicators signal cautious optimism for investors.</strong></li> 
</ul> 
<p>Algorand’s (ALGO) price action is showing signs of resilience this week, outperforming the broader crypto market according to crypto analyst Jonathan Morgan. Algorand’s price rebounded sharply, signaling a potential bullish trend evoking <a href="https://coinedition.com/analyst-predicts-august-altcoin-surge-must-buy-altcoins/">growing interest in altcoins</a>.</p> 
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#altcoin</a> market is green for the week – outperforming the total crypto market cap<br><br>Additionally, many altcoins look like <a href="https://twitter.com/search?q=%24ALGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ALGO</a>'s chart:<br>⬨ Recovered all of yesterday's losses. <br>⬨ Yesterday's volume was at/near multi-month highs.<br>⬨ Price moved past yesterday's open. <a href="https://t.co/yTXXZoNFwr" target="_blank" rel="nofollow">pic.twitter.com/yTXXZoNFwr</a></p>— Jonathan Morgan (@jonmorgan_HODL) <a href="https://twitter.com/jonmorgan_HODL/status/1820903521925185729?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 6, 2024</a>
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<p>Algorand’s recent price, of late, had recovered from its previous losses. As of press time, the price of <a href="https://coinedition.com/blockdag-dashboard-tracks-whale-movements-2m-transactions-observing-algorands-rise-and-celestias-decline/">ALGO</a> has risen by 3% over the last 24 hours, reaching $0.1166, with a trading volume of $39,981,367. Currently ranked #65 on CoinMarketCap, Algorand boasts a market ca…</p>
<p>The post <a href="https://coinedition.com/altcoin-market-watch-algorand-shows-promise/">Altcoin Market Watch: Algorand Shows Promise</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Altcoin Market Watch: Algorand Shows Promise

Coin Edition

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