Markets
Algorand clears daily R1 at $0.1237, but the close must confirm
The Cryptonomist·October 8, 2026·1 min read
Algorand (ALGO) trades at $0.1255 on Binance on October 8, 2026, above daily R1 at $0.1237. However, daily momentum weakens while hourly moving averages stay bearish, signaling a bullish setup under pressure rather than a confirmed breakout. Traders watch for a close above R1 to validate the move.
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