💡 Important advice for ALGO (Algorand) traders:
The ALGO coin is a technically strong project, but its price performance in the market does not always reflect its actual value due to large supply pressure and widespread distribution.
1. 🚫 Don't rely on quick jumps:
The ALGO coin tends to move slowly, so do not enter it with the aim of day trading unless you are monitoring the market very closely.
2. 📊 Watch strong levels:
The important support level currently is around $0.10 – $0.12.
Breaking below this level means a likelihood of continued decline, while holding above it may provide an opportunity for gradual ascent.
3. 📈 Think like an investor, not a gambler:
The Algorand project offers strong technology (speed – security – low fees – green environment),
so investing in it should be long-term and not for quick speculation.
4. 🔥 Keep an eye on burn news and partnerships:
If the foundation announces partial burns or governmental or banking partnerships (especially in the USA or Latin America),
these are strong signals that could clearly raise the price.
5. 🧠 Golden advice:
"Don't buy hope, buy data."
Before any entry, watch trading volume, the activity of large wallets, and the number of new projects on the Algorand network.
