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April 14, 2023
Tentatively higher from an earlier low of $0.222, Algorand is up to $0.227 today, adding $0.005, or 2.43%, to today's closing price of $0.222.
- United States's Retail Sales new data released of -1% below its previous figure.
- Today's gains follow 13 days of flat trade
Core Retail Sales in United States fell short of market expectations (-0.3%) with a reading of -0.8%, continuing the decline from the previous figure of 0%. Retail Sales in United States fell short of market expectations (-0.4%) with a reading of -1%, continuing the decline from the previous figure of -0.2%.
Technical analysis of Algorand's past price action reveals multiple support and resistance levels: Algorand USD price action is currently oscillating around the $0.224 resistance level with prices moving above and below several times during the session. Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as Algorand price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Price action remains constrained around the key Fibonacci level of $0.228 currently serving as resistance Asset volatility analysis shows that Algorand's upper Bollinger Band® is at $0.234, this is a slight indication of a slowdown.
With market volatility ebbing, the current technical outlook indicates Algorand will remain range-bound for the immediate future.
FTX Token added 9.54% to its value, now trading at $1.36. Ethereum is up 4.42%. Ripple goes up 3.09% to trade around $0.529.
Registering some good gains for about a month now. Having set a significant high of $0.759 11 months ago, Algorand is trading 70.8% lower.
