Algorand

<ul><li>As bulls lose steam, the ALGO token is dominating the bearish sentiment.</li><li>The Algorand price is at $0.2121, down 3.09% over the past 24 hours.</li><li>If bears remain in control and the ALGO may target the $0.2103 support level.</li></ul>The Algorand price analysis reveals that a bearish trend has been dominating the market today. The bulls have failed to push the price back above this level since then, which indicates that bears are gaining momentum. Moreover, ALGO has broken below an ascending trendline and is currently trading below the $0.2202 resistance level.Most of the cryptocurrencies today are also trading in the red, with the top coins like Bitcoin and Ethereum also losing some of their value. Therefore, it looks like a bearish sentiment is dominating the entire market, and investors should exercise caution when making any investments in cryptocurrencies.<a href="https://coinedition.com/bearish-momentum-in-algo-market-persists-after-a-strong-selloff/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Bearish Momentum in ALGO Market Persists after a Strong Selloff

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