How was ALGO expected to perform, and what does the hourly chart show? Expectations side: The Turing Award-winning MIT professor co-founded it and partnered with the FIFA World Cup. Expectations side: 91% of supply released; the chain continues running smoothly. Chart side: Peaked at $3.28 on its first day of listing in 2019—still hasn’t returned in seven years. Chart side: Currently at $0.0929, down 21% this month; 0 bought, 12 sold; RSI at 39. July saw a historic low of $0.0758—currently 22% above that level. The referee level: Holding $0.0904 remains contested; a break below would retest $0.0758. Only above the EMA range of $0.103–$0.104 will the expectations side prevail. I’m documenting this—everyone manages their own wallet. Which side is right about Algorand: native here, everyone?
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