🚀 Market Watch: Time to Look at Algorand (
$ALGO ) 👀**
While most traders are busy chasing hype coins,
$ALGO is quietly building strength.
After a prolonged consolidation phase, ALGO is approaching a key structural zone. Liquidity has been resting above recent highs, and volatility compression usually leads to an explosive move. The real question is — fake breakout or momentum continuation?
📊 Technical Insight: • Strong base formation on higher timeframe
• Volume slowly increasing
• RSI showing early bullish divergence
• Break above resistance could trigger short-term momentum
Fundamentally, Algorand’s focus on scalability, low transaction fees, and institutional-grade blockchain infrastructure keeps it relevant in the long run. It’s not just about pumps — it’s about sustainability.
⚠️ Smart move? Wait for confirmation instead of blind entries. Let the market show direction, then react — not predict.
This isn’t financial advice. Just sharing what I’m observing on the charts.
#ALGO #Algorand #CryptoTrading #Altcoins #BreakoutSetup