Algorand / TetherUS

Algorand: are you ready for a pullback? key levels to watch

198
Algorand. Who’s chasing this pump and who’s waiting for the retrace like a sniper? After the recent pop on renewed ecosystem buzz and upbeat sentiment around scalable L1s, ALGO ripped higher while the rest of the market was still waking up. According to industry sources, interest in high‑throughput chains is picking up again, and the chart shows exactly that risk‑on mood.

On the 4H chart price is stalling in a tight range after a vertical move, with RSI hanging just under overbought and curling down. I see this more as distribution than a clean bull flag, so I’m leaning short term corrective rather than straight‑up continuation. The big green demand zones below plus the volume profile gaps suggest plenty of empty air if buyers let go up here.

My base plan: I expect a pullback into the nearest demand box around the mid 0.09s, with deeper liquidity pockets down toward 0.084 and 0.08 if things get spicy. If price breaks above the recent local high and holds, that invalidates the dip idea and opens the door to a grind higher, so I’d stay flat or switch bias. I might be wrong, but for now I’m waiting for a liquidity grab above the range then looking for rejection to stalk shorts toward those green zones ✅

คำจำกัดสิทธิ์ความรับผิดชอบ

ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน