Algorand (ALGO) climbs to revisit $0.70 resistance.
ALGO has been in an upward move like so many other cryptos. The March 2020 lows took ALGO to a high of $0.76 which caused a pretty large rejection. The current local high of $0.70 has marked the highest weekly close for ALGO since August 2019 and we are looking to be testing it again.
Technical indicators are bullish and support the case of a breakout. If one occurs, the next closest resistance area would be found at $0.86.
I'll be watching the move close to see if I want to try to swing a trade around a $0.70 rejection or old for the next level test.