🚀 Algorand's staking rewards are now live! Validators can earn real-time block rewards, thanks to a recent consensus upgrade. Each block offers a minimum of 10 ALGO, plus 50% of transaction fees. Rewards decrease by 1% every million blocks.
🔍 Despite price fluctuations, Algorand shows positive trends in active addresses and transactions. With $213M locked in DeFi protocols, Algorand's staking is unique—no slashing risks or lockups, and rewards are non-inflationary.
Join the conversation: How do you see Algorand's staking impacting the market? 💬
$ALGO /USDT Technical Analysis – Breaking Out or Losing Steam? #ALGO is trading at $0.3645, showing a 7.17% gain in the last 24 hours. The recent upward momentum has brought the price close to critical resistance levels, raising the question of whether this rally will continue.
Key Support Levels:
$0.35: A strong intraday support level that may provide stability during pullbacks.
$0.33: The 24-hour low, serving as a critical level for bulls to defend in case of increased selling pressure.
Key Resistance Levels:
$0.37: Immediate resistance; a breakout above this could signal further bullish momentum.
$0.38: A crucial resistance level; clearing this zone could lead to a stronger rally.
Trading Strategies:
For Bulls:
Enter on pullbacks near $0.35, targeting $0.37 and $0.38. Set a stop-loss below $0.34.
For Bears:
Consider short positions if ALGO fails to break $0.37, targeting $0.35 and $0.33 with a stop-loss above $0.38.
Market Insights:
The RSI at 77 indicates overbought conditions, suggesting a possible short-term pullback. However, the increased trading volume and positive MACD signal could support continued upward momentum if resistance at $0.37 is breached.
Stay cautious and monitor key levels as ALGO remains at a critical juncture.
The allocation of funds is good. 5 2 2 1 This is a good way to allocate your funds.
Ayesha_Queen
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$ETH Whenever I invest in any coin, the coin dumps immediately. And when I sell it after 3 days at a loss, the coin starts pumping. What should I do now?
Once Huobi hung, there was still a profit of 120,000 dollars just one minute before the delivery.
Lion Finance
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Another end date option with 940,000 times leverage. Wall Street institutions like to place high sell orders. You can try using 1 u or 2 u to see if you can purchase that order hanging at 500 yuan. If you can, I will specially create a free course to teach you how to counteract the institutions.