In the ever-shifting landscape of crypto, common wisdom dictates that planning usually trumps predicting. As Algorand (ALGO) edges closer to $0.30 following a breakout, and Hedera (HBAR) shows promise with a rebound from a wedge pattern, traders are keeping a close eye on these trends.
Chart-based analysis is a valuable tool, and traders often use it to navigate the market. For instance, Algorand’s 50-day moving average provides support as it moves toward $0.30. At this level, a stable close with good volume would be needed to continue the ascent.
On the other hand, Hedera’s breakout from a falling wedge formation, typically a bullish sign, is being monitored for a potential move toward $0.201. This follows a prolonged period of decline and a breakout from a key resistance zone around $0.14.
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The post Algorand (ALGO) Reaches Key Level As Hedera (HBAR) Shows Promise In Technical Recovery—But Smarter Crypto Technology Offers A Better Edge?>
