Algorand Snaps 651-Day Trend With ‘100’ Accumulation Score

Algorand is quietly putting together one of the cleaner technical and on-chain setups in the current altcoin landscape. Two separate reads, a major trend break and a perfect accumulation score, are now lining up together. The long downtrend’s over CoinForge flagged that ALGO recently broke a 651-day downtrend. That is an unusually long compression period. The last time Algorand snapped a comparable downtrend, the token rallied 552% in 119 days. https://twitter.com/Coinforge_real/status/2109237713589379221 This latest structure lasted significantly longer and, according to the analyst, sits against stronger liquidity conditions.

Source: DailyCoin