ALGO technical analysis displays a quick rebound in prices, with a recovery rally indicating another bull cycle with prices headed to tease the 200-day SMA overhead resistance. Being one of the few cryptocurrencies that quickly recovered from the recent market crash caused due to bearish momentum built by the rumors around the collapse of crypto exchange FTX, Algorand (ALGO) delivered a remarkable growth of more than 9% in the last 24 hours. While the ALGO market cap surged by 7.66% to reach $2.08 billion, trading volume registered a jump of a whooping 200% during the last 24 hours, supporting the The post ALGO Technical Analysis: At $0.29, Algorand Signals Start of a New Bull Cycle appeared first on Cryptoknowmics-Crypto News and Media Platform .
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