ALGOUSD has had an impressive week with just under a 60% (59.95%) rally in price going from its new All Time Low @ .0794 to where price is currently finding the next Resistance Level and topping @ .1270.Now what the indicators suggest:
- Volume is dropping after the massive spike to the Resistance level
- RSI is in Over Bought territory currently at 77
- MACD is rising with Histogram values dropping
Together, paints a story that the bullish momentum may be fading and price may need to fall and find Support to continue to the upside if price is unable to surpass the current High of .1270!
Based on the Fibonacci Retracement tool going from the Low @ .098 where price made a Breakout of Resistance @ .10 and Retested as Support, to the High @ .1270 where price is currently struggling, we can see a couple favorable Retracement levels:
50% - 61.8% | .1125 - .1091
Previous Highs, Breakout of Resistance and Golden Ratio
78.6% - 88.6% | .1042 - .1013
Breakout of Resistance and Reversal "Hot Spot"
~~~
What's going on with
ALGOUSD Fundamentally?ALGOUSD was included in the list of 16 Cryptocurrencies that were now considered to be "Digital Commodities" by the SEC and CFTC "creating a shift in focus, from regulatory uncertainty to growth, participation and infrastructure buildout."-tradingview.com/news/coinpedia:8f05e3db8094b:0-sec-cftc-crypto-commodity-list-2026-all-16-digital-assets-named-and-what-it-means/
The Algorand Foundation cuts workforce by 25% due to global macro uncertainty and crypto downturn.
-tradingview.com/news/the_block:1f2c4fb60094b:0-algorand-foundation-cuts-25-of-its-workforce-citing-global-macro-uncertainty-and-crypto-market-downturn/
Coinmarketcap reports that over the past 24 hours:
-
ALGOUSD advances ecosystem with new US base- Algorands focus on "quantum-resistance technologies" has caught Google's attention
- Integration with USDC will enhance transaction solutions
-coinmarketcap.com/currencies/algorand/
With the Clarity Act's finalization continued to be prolonged ( now set for mis-2026 ), this has been keeping the Crypto Markets consolidated with it being deemed the "Landmark Bill" for Crypto right now but with All things currently feeding into the Bullishness we see in
ALGOUSD, this coin may be worth putting in your Watchlist!!Zlecenie aktywne
ALGOUSD has given us a Retest of the Breakout @ .1010 
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
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Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
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For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.