Algorand Price Analysis: ALGO/USD is expected to break above $1.95 resistance

TL;DR Breakdown Algorand price analysis is bullish for today.ALGO/USD saw a retest of the $1.50 support again overnight.Alogrand starts to move higher today. ALGO was in a bearish trend at the start of the week. However, bulls took control of the market at the end of yesterday’s price analysis chart, sending prices upwards in rising wedge streaks. The upswing in momentum continued into today’sAlgorand price analysis chart. Today’s price analysis features a brief positive trend that lasts only 30 minutes before plummeting drastically. The sellers could not keep track while the market moved in a negative direction, so they assembled in large numbers and created a pool of energy that kept the bearish trend from gaining momentum after it broke support at $1.8. Since then, the market has traded modestly as the number of buyers and sellers has been nearly equal. Cryptocurrency heat map. Source: Coin360 The most famous cryptocurrency, Bitcoin, has been trading positively since the early trading hours. Bitcoin is currently valued at $44K, a surge by more than 4 percent above yesterday’s price. ETH appears to be on track for $3.5K; Ether is presently valued at $3.1K. Other altcoins trade in the same bull trend. The meme coin trades at $0.3, a 10 percent increase, Cardano (ADA) trades at $2.8 with a more than 3 percent increase.  ALGO/USD 4-hour chart: ALGO ready to break above $1.90 resistance? The Algorand pri...