Our pivot point stands at 0.1172.
Our preference: the upside prevails as long as 0.1172 is support.
Alternative scenario: below 0.1172, expect 0.1139 and 0.1120.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1146 and 0.1142). Finally, the Algorand / Dollar is trading above its upper Bollinger band (standing at 0.1195).
Supports and resistances:
0.1285 *
0.1266 **
0.1246
0.1199 last
0.1172 **
0.1139 *
0.1120 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-05-2026 at 07:50 UTC+1
Price reference: 0.1199 last known on 05-05-2026 at 07:50 UTC+1
Investment horizon: INTRADAY
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