Picture Perfect Bullish $ALGO Monthly Chart
We all know Algorand has best-in-class fundamentals. The DeFi ecosystem is flourishing, with accelerating TVL growth.
There are several Algorand launchpads coming online soon, which will help to further streamline and accelerate project launches and TVL growth.
Algorand Governance participation is super strong with around 4 B
ALGO committed, which is around 59% of ALGO circulating supply.
The Algorand Foundation, led by Staci Warden, is stepping up its marketing game - kicking off its new aggressive marketing strategy with a bold Earth Day event in Times Square NYC.
The stage is set, and the charts are confirming the fundamentals.ALGO is currently bouncing off the bottom of a multi-year bullish rising channel with technical indicators in highly oversold regions.
I expect this next leg up to break out of the upper channel for a parabolic price discovery move to normalize as the premier top-tier L1 blockchain.
Algorand Summer may turn into an Algorand Heat Wave!
There are several Algorand launchpads coming online soon, which will help to further streamline and accelerate project launches and TVL growth.
Algorand Governance participation is super strong with around 4 B
ALGO committed, which is around 59% of ALGO circulating supply.The Algorand Foundation, led by Staci Warden, is stepping up its marketing game - kicking off its new aggressive marketing strategy with a bold Earth Day event in Times Square NYC.
The stage is set, and the charts are confirming the fundamentals.
ALGO is currently bouncing off the bottom of a multi-year bullish rising channel with technical indicators in highly oversold regions.I expect this next leg up to break out of the upper channel for a parabolic price discovery move to normalize as the premier top-tier L1 blockchain.
Algorand Summer may turn into an Algorand Heat Wave!
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