coin-img-ETHETH-0.03%coin-img-BTCBTC+0.23%coin-img-SOLSOL-0.21%coin-img-XRPXRP+0.16%coin-img-HYPEHYPE+9.10%coin-img-USDCUSDC-0.02%coin-img-TRXTRX-2.33%coin-img-TONCOINTONCOIN-0.79%coin-img-ETHETH-0.03%coin-img-BTCBTC+0.23%coin-img-SOLSOL-0.21%coin-img-XRPXRP+0.16%coin-img-HYPEHYPE+9.10%coin-img-USDCUSDC-0.02%coin-img-TRXTRX-2.33%coin-img-TONCOINTONCOIN-0.79%coin-img-ETHETH-0.03%coin-img-BTCBTC+0.23%coin-img-SOLSOL-0.21%coin-img-XRPXRP+0.16%coin-img-HYPEHYPE+9.10%coin-img-USDCUSDC-0.02%coin-img-TRXTRX-2.33%coin-img-TONCOINTONCOIN-0.79%coin-img-ETHETH-0.03%coin-img-BTCBTC+0.23%coin-img-SOLSOL-0.21%coin-img-XRPXRP+0.16%coin-img-HYPEHYPE+9.10%coin-img-USDCUSDC-0.02%coin-img-TRXTRX-2.33%coin-img-TONCOINTONCOIN-0.79%
user-avatar
Tadas Klimasevskis

Algorand (ALGO) Jumps 14% as Traders Compare the Move to a 2023 Breakout

Algorand (ALGO) rose 14% on Friday as some traders shifted attention from Bitcoin (BTC) and Ethereum (ETH) into utility-focused Layer-1 DLT coins, with Stellar (XLM) also showing strength. Technical watchers highlighted a Money Flow Index spike and said ALGO needs to hold above $0.118 to reduce bull-trap risk, while others pointed to a 2023-style pattern that previously preceded a push toward $0.28.
BTC
BTC+0.23%
ETH
ETH-0.03%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Technical Analysis