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May 20, 2023Algorand is now trading at $0.165 after tracing out a steady $0.164 – $0.165 range today.
This uncertain state for Algorand is reflected by published market data as United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 191,500, while the previous figure was 216,600. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 179,800, while the previous figure was 195,800. United States CFTC Nasdaq 100 speculative net positions came out at 20,000.
Algorand USD is oscillating around the $0.165 level serving as support. Algorand's upper Bollinger Band® is at $0.182 and the lower is $0.157.
Despite muted price action in Algorand, chart analysis indicates it is positioned for a bullish run in the short term.
While Algorand is pretty flat so far today, mixed performances are seen elsewhere as FTX Token leaps up 9.54% to trade around $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. Ripple slips 0.59% to trade around $0.465.
Trending downwards for around a month. Algorand is now trading 40.72% below its 3-month high of $0.442.
