{"id":510527,"date":"2022-11-29T19:52:50","date_gmt":"2022-11-29T19:52:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=510527"},"modified":"2022-11-29T19:52:50","modified_gmt":"2022-11-29T19:52:50","slug":"whats-next-as-algorand-price-remains-congested","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/whats-next-as-algorand-price-remains-congested\/","title":{"rendered":"What’s Next As Algorand Price Remains Congested"},"content":{"rendered":"
Algorand price continues to pack negative price action throughout the month of November. The altcoin has depreciated by more than 40% since the beginning of this month. Over the last 24 hours, ALGO has just risen by 0.6% on its chart, emphasizing continued lateral price movement.<\/p>\n
Currently, the coin has been stuck at a crucial resistance level. The technical outlook points in a direction where ALGO might not make a price comeback soon enough. The buying pressure has dropped considerably, which has reflected the fact that the coin has been undergoing a massive sell-off. If Algorand is to come under bullish influence, buyers have to immediately re-enter the market.<\/p>\n
The asset’s price action is expected to become even more congested at the $0.20 level if the bears halt movement above the $0.23 mark again. It remains to be seen if Algorand reclaims the $0.24 price level.<\/p>\n