en.cryptonomist.ch
Summary
In summary
- Price at 0.16 USDT on D1, below key EMAs and inside the lower Bollinger band.
- RSI 31.56 14 bearish tilt but not deeply oversold.
- ATR 0.01 USDT 14 low absolute volatility, use small stop distances.
- Market cap down -1.81% and Fear & Greed 23 (Extreme Fear).
- Algorand ALGO crypto remains in a D1 bearish regime; intraday charts show neutral momentum.
Multi-timeframe analysis
Algorand ALGO technical analysis D1
Price vs EMAs: Close 0.16 USDT sits below the 20-day EMA 0.18, 50-day EMA 0.20 and 200-day EMA 0.23. This alignment shows sellers dominating at the daily level.
RSI: 31.56 14 below 50, which indicates a bearish bias with some room before oversold readings; momentum feels tilted to the downside.
MACD: Line -0.01 and Signal -0.01 with histogram 0 14 near neutral crossover but still negative on the D1 baseline; this suggests weak momentum without a clear bullish shift.
Bollinger Bands: Mid 0.18, Upper 0.20, Lower 0.16 14 price is at the lower band, implying compression and lower-band support; volatility is contained but downside pressure persists.
ATR: 0.01 USDT (14) 14 low absolute volatility; risk control can use tight stops, but liquidity moves could still produce sharp spikes.
Pivots: PP 0.15, R1 0.16, S1 0.15 14 the daily pivot sits just below price and R1 matches current level, making 0.16 an important intraday trigger or rejection zone.
H1 and M15 read
H1: Close 0.16 sits at the 20/50 EMA 0.16 and below the 200 EMA 0.17. RSI 48.63 near neutral and MACD flat imply intraday indecision; momentum is balanced for now.
M15: All short EMAs at 0.16 with RSI 53.08 and flat MACD 14 micro structure shows brief bullish tilt but lacks follow-through; watch for a breakout or fade from 0.16.
Synthesis: D1 is bearish while H1 and M15 lean neutral to slightly bullish. Overall structure is cautious 14 sellers control the daily trend but intraday ranges can produce quick bounces.
Key levels
| Level | Type | Bias / Note |
|---|---|---|
| 0.16 USDT | Current / R1 / Lower BB | Immediate pivot and resistance; intraday trigger or rejection. |
| 0.18 USDT | 20-day EMA / BB mid | First major resistance; a daily close above signals momentum relief. |
| 0.20 USDT | 50-day EMA / BB upper | Medium-term resistance; requires sustained buying to clear. |
| 0.15 USDT | Pivot PP / S1 | Near-term support; daily invalidation zone for bullish attempts. |
| 0.23 USDT | 200-day EMA | Long-term resistance; trend reversal level on daily basis. |
Trading scenarios (D1 main: bearish)
Bullish scenario
Trigger: Daily close above 0.18 USDT (20 EMA) with rising volume.
Target: 0.20 USDT then 0.23 USDT as stretch.
Invalidation: Failure to hold above 0.18 on daily close.
Risk: Use stops 40.5 61.0 ATR (0.01 USDT); keep position sizing tight if momentum fades.
Bearish scenario
Trigger: Breakdown and daily close below 0.15 USDT (pivot / S1).
Target: Lower targets not provided in facts.
Invalidation: Reclaim of 0.16 60.18 USDT on daily close would weaken bearish argument.
Risk: Stops 0.5 1.0 ATR (0.01 USDT); volatility is low but moves can accelerate.
Neutral / Range scenario
Trigger: Sustained trading between 0.15 60.18 USDT across several days.
Target: Range-bound scalps toward 0.16 and 0.18 USDT.
Invalidation: Clear daily close outside the 0.15 60.18 band.
Risk: Use micro stops and monitor ATR expansion for breakout signals.
Market context
Total cap: 3,473,345,384,716.37 USD; 24h change -1.81%.
BTC dominance: 58.43% 14 high dominance typically pressures altcoin strength.
Fear & Greed: 23 (Extreme Fear) 14 sentiment suggests lower risk appetite and possible discount-seeking behavior.
Conclusion: High BTC dominance and extreme fear usually weigh on altcoins like ALGO in the short term.
Ecosystem (DeFi)
DEX fees: Tinyman and Pact show notable fee increases (Tinyman fees change 1d +40.05%, Pact +172.13%).
Interpretation: Rising DEX fees suggest pockets of rising activity on Algorand-based exchanges; however, higher fees alone do not guarantee price strength.
Disclaimer
Notice: This analysis is for informational purposes only and does not constitute financial advice. #NFA #DYOR