Algorand

Algo price movement over the next wave cycle

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Based on the previous movements analysis, i've extrapolated trend lines from the first cycle of this upwards moving wave to get a look at what we could see in terms of the next dip, which may be down to around 1$, followed of course by another rising wave that could go as high as 2$ if the overall trend continues its momentum. If we don't see a continuing upwards trend, I would look at a more conservative high of 1.75 to 1.80 on the next crest, depending on if it will mellow out into a more neutral cycle, or if it will potentially fall into the next lower bracket (highs of 1.25, lows of 0.85 ) again.

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