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Algorand set to have a bullish breakout this week – Here’s why

Algorand set to have a bullish breakout this week – Here’s why

Photo: AMBCrypto

Algorand [ALGO] was touted as a promising real-world asset altcoin that could pump this week. Popular crypto analyst Ali Martinez drew attention to the bullish chances of ALGO. The altcoin was still stuck below the $0.14 local resistance level. Describing it as a channel, the analyst wrote that a daily session close above this level would confirm a breakout toward $0.19. Assessing Algorand's bullish chances In the past 24 hours, Algorand has rallied 10.1%, with a 41.6% increase in daily trading volume.

Source: AMBCrypto

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