Our pivot point stands at 0.2647.
Our preference: the downside prevails as long as 0.2647 is resistance.
Alternative scenario: above 0.2647, look for 0.2728 and 0.2777.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.2622 and 0.2615). Finally, the Algorand / Dollar has penetrated its lower Bollinger band (0.2585).
Supports and resistances:
0.2777 **
0.2728 *
0.2647 **
0.2615
0.2576 last
0.2478
0.2430 **
0.2382 *
0.2334 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-24-2025 at 08:54 UTC+1
Price reference: 0.2576 last known on 08-24-2025 at 08:54 UTC+1
Investment horizon: INTRADAY
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