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- Algo looked ready to return while the TD sequential indicator flashed a purchase signal on the daily chart.
- The funding rate for the future of the algae was a little negative at -0.0054, indicating that short positions had paid long positions.
Algorand (Algo) has recently attracted attention due to potential prices rejection, signaling the TD sequential indicator on its daily chart.
In a one -hour chart, Algo discovered the consolidation phase at the time of the press, and the price tested the resistance level to $ 0.4020.
After a period of falling, the price seems to stabilize, indicating a possible buildup before trying to spoil more.
Source: TraringView
Alternatively, the MacD indicator showed a bull crossover, with a MacD line, crossing above the signal line, signaling an increase in bull swing.
This bull crossover, along with the price of prices approaching the resistance level, suggests that Algo can be prepared for a significant move upwards if it can break current resistance.
A successful interruption could open the way for further momentum.
Shift in a market feeling: Signs of turnaround
The TD sequential indicator, as he pointed out Ali on X, flashed a purchase signal on the daily chart for Algo. This signal usually indicates that the current downstairs is exhausting, and the turnaround could be on the horizon.
TD sequential installation, with its counting, indicates a potential shift in a market mood from a teddy bear on Bullish. This is aligned with the current price action and a stronger case for a potential price jump.
The purchase signal from the TD sequential suggests that the market could soon enter into a more favorable phase for bulls, supporting the likelihood of the upcoming price increase.
Is Algo ready for the next move?
The funding rate for Algo Futures was a little negative at -0,0054 at the time of writing, indicating that short positions had paid long positions. Thus, the market was slightly tilted in the short term.
However, the analysis of the ASK offer has shown strong liquidity, with significant quantities on both sides of the market.
This suggests that, after the market decides in direction, it could lead to a rapid movement of prices, potentially favoring the bull’s side if the purchase signal from TD has.
The balance between the market depth and the feeling provides the basis for a potential breakthrough, supporting the Bullish case for Algo.
Waiting for confirmation
The whale index was -65,0650 in the time of press, indicating reduced activity or accumulation from large holders.
Usually this could suggest a lack of confidence from whales, but in the context of other indicators, this may imply that whales are waiting for a confirmed breakthrough before they enter the market.
This sample mirrors the past stages of consolidation, where the whale activity decreased before a significant price displacement. If a breakthrough occurs, it could lead to an increase in participating in the whale, increasing the movement of prices.
This suggests that whale activity could be enhanced after the price confirms the Trend of Bulls, which further supports the jump case.
What follows for Algo?
The combination of indicators suggests that the return could be on the horizon, especially if Algo manages to break through the level of resistance in the amount of $ 0.4020.
Read the Predict of Algoranda (Algo) 2025–2026
Price and liquidity action show that market conditions can benefit progress if the holiday is held.
However, risk management strategies are always key, as even the most promising settings can encounter sudden shifts in swing.
