ALGO Struggles To Stay Afloat in Bull Run. Will It Rise or Fall? By CoinEdition

• ALGO is currently priced at $0.2572, with a surge of 4.96% in a week, at press time.
• ALGO is struggling to stay afloat above the 50 EMA.
• As the 50 EMA and price remains to be above the 200 EMA line, it is currently in the bull run.

The weekly chart shows ALGO, the native crypto of Algorand, started in the green area before falling into the red zone. However, a few days later, ALGO escaped from the red zone cave before running into the eternal sunshine of the green zone. ALGO is currently priced at $0.2572, after experiencing a surge of 4.96% in a week, at reporting time. The Market Cap stood out at $1,857,353,666 but witnessed a fall of 3.88% in 24 hours.

7-Day chart, (Source: CoinMarketCap)

Moving into the four-hour chart, ALGO, just like most cryptos, was surviving the crypto winter. The new year saw many cryptos rising after escaping the deadly grasp of the bear’s claws. ALGO, in mid-January, also witnessed a golden cross as 50 EMA and 200 EMA met each other. This was the start of a bull run for ALGO.

Currently, ALGO is struggling to stay afloat above the 50 EMA. As the 50 EMA and price remains to be above the 200 EMA line, it gives out an in…

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