ALGORAND Token Report
Algorand is a decentralized, self-sustaining blockchain network designed to support a diverse range of applications. It offers security, scalability, and efficiency—key attributes for real-world use. With reliable performance guarantees, Algorand enables innovative forms of trust in computational processes.
ALGO is ranked #52 with a market capitalization of nearly $2.8 billion. The current market price of the token is 0.34 USDT
The ALGO/USDT price had been consolidating since early 2024. The trend has broken out of the flat consolidation pattern with significant volumes. The RSI indicates an aggressive momentum in price. The next resistance is expected at 0.45 USDT and an immediate support is expected at 0.28 USDT.
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