Algorand Technical Analyze

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Trend: Price is following an ascending channel (orange lines), and it's nearing a key support level.

Support: The green support around 0.14–0.15 is a critical level, and a break below this could lead to further downside.

Resistance: Resistance is at 0.30–0.40, where the price has previously faced rejection.

Volume: Volume is still low, indicating weak momentum.

Price Action: Watch the price action near 0.15. A bounce could target 0.30–0.40, but if the price breaks below 0.14, further downside toward 0.10 is possible.

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