Algo breaks out and begins towards the $2 mark The Algorand (ALGO) price has bounced at a long-term support area and is in the process of breaking out from a mid-term resistance area. ALGO could gradually increase towards the closest resistance at $1.90 and potentially go higher. Long-Term Range For ALGO In the final week of Feb., ALGO returned to validate the $0.87 area as support. Previously, the same area had been acting as resistance. Since then, the token has been moving upwards, though it has yet to reach its Feb. highs. Despite this, the ongoing increase was preceded by hidden bullish divergence in the RSI. Also, both the MACD & Stochastic oscillator are moving upwards. Therefore, long-term indicators are bullish. The closest resistance area is found at $1.90, coinciding with the Feb. highs. Ongoing Breakout The daily time-frames support the bullish outlook. After a breakout from a descending resistance line, the token is currently in the process of breaking out from the $1.25 resistance area. A daily close above this level would confirm that the trend is bullish. Nevertheless, technical indicators in the daily time-frame are already bullish. The MACD has given a bullish reversal signal. The RSI has crossed above 50. The Stochastic oscillator made a bullish cross. Therefore, it is likely that the trend is bullish. Let's keep pumping the market Guys Stay Bullish, Stay Humble, Stay Put #algo #algogrand #altcoinarmy #altcoindaily #altcoin #altcoinfeeds #altcoingenius #altcoininvesting #altcointrading #altcoinnews #altcointrader #altcoinseason #altcoinfinale #altcoins #altmodel #altcoinbuzz #altcoiner https://www.instagram.com/p/CMcZGp8B0Po/?igshid=wt069petnija