• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Crypto Market: Algorand and Hedera Show Signs of Recovery

user avatar

by Giorgi Kostiuk

7 months ago


Since Donald Trump's victory in the U.S. elections, the cryptocurrency market is experiencing a bullish momentum. Bitcoin hit a record high of $103K, while altcoins like Algorand and Hedera have seen significant rallies.

Algorand (ALGO) Dynamics

Algorand (ALGO) has seen monthly gains exceeding 150%. After reaching $0.6144, the price corrected to the lower support of a falling wedge. ALGO is now nearing resistance and trading around $0.4315. Breaking resistance could target $0.48 and $0.5250.

Hedera (HBAR) Movement

Hedera (HBAR) dominated with a 300% rally last month, hitting $0.3923. A correction followed, dropping to the support of a descending channel. HBAR is now recovering, trading at $0.2939. It may test the resistance level at $0.33 if the upward momentum continues.

Conclusion and Prospects

Algorand and Hedera show recovery signs post-correction. Key levels to watch are $0.44 for ALGO and $0.29 for HBAR, indicating potential for further upside. Recovery is possible if market sentiment remains positive.

Both ALGO and HBAR indicate recovery trends after recent corrections. Investors watch key breakout levels, suggesting further upward potential if conditions remain favorable.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Israel and Iran: Potential Military Action and Its Consequences

chest

Recent Israeli statements about potential military action against Iran highlight increasing tensions in the region.

user avatarGiorgi Kostiuk

Nicholas Truglia Receives 12-Year Sentence for Refusal to Repay $20 Million

chest

Nicholas Truglia was sentenced to 12 years for refusing to repay over $20 million acquired from SIM-swapping scheme.

user avatarGiorgi Kostiuk

Robinhood Offers Ethereum and Solana Staking for US Users

chest

Robinhood now provides ETH and SOL staking services for American users starting from just $1.

user avatarGiorgi Kostiuk

Keyrock Report Shows Minimal Influence of Corporate Treasuries on Bitcoin Price

chest

A new study reveals that corporate treasuries do not significantly affect Bitcoin price movements.

user avatarGiorgi Kostiuk

Cryptocurrency Market: Potential Threats and Turns

chest

Recent shifts in the cryptocurrency market may herald possible downturns due to short position liquidations.

user avatarGiorgi Kostiuk

Surge in Cryptocurrency Prices: Prepare for Potential Drops

chest

Despite the current rise, potential market movements warn traders of upcoming declines in cryptocurrency prices.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.