Algorand (ALGO) Moving Back Above EMA50, Next Target!

Algorand (ALGOBTC) is now moving back above EMA50 after testing the 0.786 Fib. retracement level as support.

This is a bullish signal.

After the high volume bounce, w can see that consolidation continues to take place.

The support level has been defended at a higher low... Prices can easily jump next.

The next target is marked on the chart with red.

Thanks a lot for reading.

Namaste.