{"id":609980,"date":"2024-05-27T09:30:07","date_gmt":"2024-05-27T09:30:07","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609980"},"modified":"2024-07-11T07:46:16","modified_gmt":"2024-07-11T07:46:16","slug":"chart-whisperer-spots-algorand-breakout-get-ready-for-a-50-rally","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/chart-whisperer-spots-algorand-breakout-get-ready-for-a-50-rally\/","title":{"rendered":"Chart Whisperer Spots Algorand Breakout: Get Ready For A 50% Rally"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:31\"><span id=\"input-sentence~0\">Crypto experts have drawn attention to Algorand (ALGO), the blockchain system renowned for fast transactions and energy economy. Pointing to a price breakout on the 12-hour chart that might drive the token 40-50% higher, popular analyst ZAYK Charts noted a possible paradigm change for ALGO.<\/span><span id=\"input-sentence~1\"><br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/avalanche-weathers-the-storm-can-avax-hit-40-again\/\">Avalanche Weathers The Storm \u2013 Can AVAX Hit $40 Again?<\/a><\/div>\n<h2 data-sourcepos=\"5:1-5:25\"><strong>Algorand: Breaking The Resistance Barrier<\/strong><\/h2>\n<p data-sourcepos=\"7:1-7:180\"><span id=\"input-sentence~1\">In the world of cryptocurrencies, technical analysis\u2014where indications and chart patterns direct investing decisions\u2014has become a common instrument. For <a href=\"https:\/\/www.coingecko.com\/en\/coins\/algorand\" rel=\"nofollow\">ALGO<\/a>, ZAYK Charts observed a notable change\u2014a break from a trendline spanning 12 hours.<\/span><span id=\"input-sentence~2\"><br \/>\n<\/span><\/p>\n<p data-sourcepos=\"7:1-7:180\">The price of the coin has before been limited by this trendline resistance level. The effective breach of this barrier is interpreted as a positive indicator of a possible momentum change towards a price rise.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ALGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ALGO<\/a> Trendline Breakout is Already Done,In 12H Timeframe\ud83d\udcc8<\/p>\n<p>Expecting 40-50% Bullish Wave\ud83d\udcc8<a href=\"https:\/\/twitter.com\/hashtag\/ALGO?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ALGO<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ALGOUSDT?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ALGOUSDT<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Algorand?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Algorand<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/t.co\/fY4CCmg38C\" rel=\"nofollow\">pic.twitter.com\/fY4CCmg38C<\/a><\/p>\n<p>\u2014 ZAYK Charts (@ZAYKCharts) <a href=\"https:\/\/twitter.com\/ZAYKCharts\/status\/41923402?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 25, 2024<\/a><\/p><\/blockquote>\n<h2 data-sourcepos=\"9:1-9:25\"><strong>Volume Speaks Volumes<\/strong><\/h2>\n<p data-sourcepos=\"11:1-11:174\"><span id=\"input-sentence~3\">Not often the most clear-cut signs are breakouts by themselves. ZAYK Charts stresses a key supporting element &#8211; more trading volume \u2013 to support the positive case. Imagine a spike in trade like that of a packed stock exchange. Within the framework of cryptocurrencies, more volume during a breakout indicates more investor purchasing pressure, so strengthening the probability of a continuous price gain.<\/span><span id=\"input-sentence~4\"><br \/>\n<\/span><\/p>\n<figure id=\"attachment_609981\" aria-describedby=\"caption-attachment-609981\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-609981 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_16b1d4.png?resize=1024%2C491\" alt=\"\" width=\"1024\" height=\"491\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_16b1d4.png?w=1637 1637w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_16b1d4.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_16b1d4.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_16b1d4.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_16b1d4.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_16b1d4.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_16b1d4.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-609981\" class=\"wp-caption-text\">ZAYK believes that this breakout has already occurred and that a <a href=\"https:\/\/x.com\/ZAYKCharts\/status\/41923402\" target=\"_blank\" rel=\"noopener nofollow\">40\u201350% bullish wave<\/a> would likely follow.<\/figcaption><\/figure>\n<h3 data-sourcepos=\"13:1-13:35\"><strong>The Technical Arsenal Weighs In<\/strong><\/h3>\n<p data-sourcepos=\"15:1-15:397\"><span id=\"input-sentence~4\">ZAYK Charts goes beyond the volume and breakout to include Deeper investigation by the analyst reveals positive momentum oscillators as more proof of an ALGO bull run.<\/span><span id=\"input-sentence~5\"> Technical indicators of speed and severity of price moves, momentum oscillators Positive readings on these indicators imply that the present upswing has the force to keep driving prices higher.<br \/>\n<\/span><\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/czv9IVjo\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">ALGOUSD trading at $0.19 on the 24-hour chart: <a href=\"http:\/\/TradingView.com\" rel=\"nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p data-sourcepos=\"19:1-19:369\"><span id=\"input-sentence~5\">Although the technical study presents a good image for ALGO, keep in mind that the bitcoin market is naturally erratic.<\/span><span id=\"input-sentence~6\"> Unlike conventional assets with clear rules and underlying principles, news events, social media attitude, and even celebrity tweets may all affect the value of cryptocurrencies.<br \/>\n<\/span><\/p>\n<h3 data-sourcepos=\"21:1-21:2\"><strong>A Look At Algorand&#8217;s Ecosystem<\/strong><\/h3>\n<p data-sourcepos=\"23:1-23:373\"><span id=\"input-sentence~6\">Though it offers insightful information, technical analysis shouldn&#8217;t be the only consideration guiding investing decisions.<\/span><span id=\"input-sentence~7\"> Furthermore taken into account by investors should be the general state and growth of the Algorand ecosystem. Is there ongoing platform development? Are any forthcoming alliances or product introductions likely to boost acceptance and demand for ALGO tokens?<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/red-hot-chiliz-analyst-predicts-4x-your-money-with-upcoming-breakout\/\">Red Hot Chiliz: Analyst Predicts 4x Your Money With Upcoming Breakout<\/a><\/div>\n<h3 data-sourcepos=\"25:1-25:55\"><strong>ALGO&#8217;s Future: Soaring High Or Grounded By Reality?<\/strong><\/h3>\n<p data-sourcepos=\"27:1-27:453\">For ALGO, the next days will be quite important. The expected 40\u201350% price spike may materialise if the token can keep its momentum and establish itself above the level of broken resistance. The story of the breakout might be rapidly forgotten, though, should the bulls lose pace and the price retreat.<\/p>\n<p data-sourcepos=\"27:1-27:453\"><em>Featured image from Forkast News, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto experts have drawn attention to Algorand (ALGO), the blockchain system renowned for fast transactions and energy economy. Pointing to a price breakout on the 12-hour chart that might drive the token 40-50% higher, popular analyst ZAYK Charts noted a possible paradigm change for ALGO. Related Reading: Avalanche Weathers The Storm \u2013 Can AVAX Hit $40 Again? Algorand: Breaking The Resistance Barrier In the world of cryptocurrencies, technical analysis\u2014where indications and chart patterns direct investing decisions\u2014has become a common instrument. For ALGO, ZAYK Charts observed a notable change\u2014a break from a trendline spanning 12 hours. The price of the coin has before been limited by this trendline resistance level. The effective breach of this barrier is interpreted as a positive indicator of a possible momentum change towards a price rise. $ALGO Trendline Breakout is Already Done,In 12H Timeframe\ud83d\udcc8 Expecting 40-50% Bullish Wave\ud83d\udcc8#ALGO #ALGOUSDT #Algorand #Crypto pic.twitter.com\/fY4CCmg38C \u2014 ZAYK Charts (@ZAYKCharts) May 25, 2024 Volume Speaks Volumes Not often the most clear-cut signs are breakouts by themselves. ZAYK Charts stresses a key supporting element &#8211; more trading volume \u2013 to support the positive case. Imagine a spike in trade like that of a packed stock exchange. Within the framework of cryptocurrencies, more volume during a breakout indicates more investor purchasing pressure, so strengthening the probability of a continuous price gain. The Technical Arsenal Weighs In ZAYK Charts goes beyond the volume and breakout to include Deeper investigation by the analyst reveals positive momentum oscillators as more proof of an ALGO bull run. Technical indicators of speed and severity of price moves, momentum oscillators Positive readings on these indicators imply that the present upswing has the force to keep driving prices higher. Although the technical study presents a good image for ALGO, keep in mind that the bitcoin market is naturally erratic. Unlike conventional assets with clear rules and underlying principles, news events, social media attitude, and even celebrity tweets may all affect the value of cryptocurrencies. A Look At Algorand&#8217;s Ecosystem Though it offers insightful information, technical analysis shouldn&#8217;t be the only consideration guiding investing decisions. Furthermore taken into account by investors should be the general state and growth of the Algorand ecosystem. Is there ongoing platform development? Are any forthcoming alliances or product introductions likely to boost acceptance and demand for ALGO tokens? Related Reading: Red Hot Chiliz: Analyst Predicts 4x Your Money With Upcoming Breakout ALGO&#8217;s Future: Soaring High Or Grounded By Reality? For ALGO, the next days will be quite important. The expected 40\u201350% price spike may materialise if the token can keep its momentum and establish itself above the level of broken resistance. The story of the breakout might be rapidly forgotten, though, should the bulls lose pace and the price retreat. Featured image from Forkast News, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":609984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[71760,71759,142,6664],"class_list":["post-609980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-algo","tag-algorand","tag-altcoins","tag-crypto"],"acf":[],"yoast_head":"\n<title>Chart Whisperer Spots Algorand Breakout: Looming 50% Rally<\/title>\n<meta name=\"description\" content=\"Crypto experts have drawn attention to Algorand (ALGO), the blockchain system renowned for fast transactions and energy economy. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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