Algorand has been up for four days in a row, gaining $0.003 to reach $0.221.

Small gain for Algorand at $0.221 after ranging between $0.218 and $0.224 today.

United States ADP Nonfarm Employment Change (Mar) is next today at 12:15 UTC.

At the same time, United States JOLTs Job Openings (Feb) came out at 9.93 million, while a consensus of analysts was expecting 10.4 million. United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of -4.35 million, while the previous figure was -6 million. United States Factory Orders released earlier showed a marked improvement to -0.7% from the preceding data of -2.1%, but fell short of the -0.5% figure forecast by a consensus of market analysts.

Algorand USD's upper Bollinger Band® is at $0.233, this is a slight indication of a slowdown. In contrast, Algorand broke through the $0.221 resistance, climbing 1 cents above it. Algorand is currently trading around the $0.223 Fibonacci resistance level.

Overall, looking at the technical analysis landscape, it seems Algorand is likely to reverse course and start pointing down in the short term.

Other markets are also showing gains as FTX Token gained 9.54% and is currently trading at $1.36. Having closed the previous session at $0.503, Ripple is up 2.63% today to currently trade at around $0.516. Litecoin moves up 2.34% to trade around $94.6.

Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Crude Oil Inventories is projected to outperform its last figure with -2.33 million. It previously stood at -7.49 million; data will be released today at 14:30 UTC.

Furthermore, the market is looking at United States ADP Nonfarm Employment Change (Mar) will be released today at 12:15 UTC. United States ISM Non-Manufacturing PMI (Mar) is expected today at 14:00 UTC.

Having set a significant high of $0.834 a year ago, Algorand is trading 73.84% lower.