Algorand / Dollar intraday: the downside prevails as long as 0.0905 is resistance
Limited downside▾
ALGOUSDT
Perp
0.0871
-0.34%
Algerand Doltar
The configuration is negative.
Our pivot point is at 0.0905.
Our preference: the downside prevails as long as 0.0905 is resistance.
Alternative scenario: the upside breakout of 0.0905, would call for 0.0930 and 0.0945.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.0890 and 0.0895).
Supports and resistances:
0.0945 **
0.0930 *
0.0905 **
0.0885 last
0.0853
0.0838 **
0.0824 *