Algorand: ALGO can rally by 54% only if THIS happens – BitRss

• The recent 0.54% increase in ALGO ($0.38)’s price hints at growing bullish momentum, leaning towards an upward breakout.
• Over the past 36 hours, ALGO’s volatility has remained relatively low, hovering around the lower end of its historical range.

Algorand [ALGO] has caught the attention of traders as it consolidates within a symmetrical triangle pattern, hinting at a potential major price move.

ALGO is currently consolidating within a symmetrical triangle, marked by two converging trendlines with similar slopes. The breakout size is often proportional to the widest part of the triangle.

For ALGO, this suggests a potential 54% price movement.