ALGORAND Weekly Analysis:
Algo made a new low this week and broke out the Multi-year support of 0.22 (2020)
There’s still major support below these zones. However, currently, the oscillator is showing a potential bullish divergence in the weekly chart while having its ABC corrective phase
In fact, the price is already down -92%. The market takes time to recover and makes a final confirmation for reversal. But this is another opportunity to accumulate and do DCA.
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