{"id":358371,"date":"2022-11-18T14:21:20","date_gmt":"2022-11-18T19:21:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=358371"},"modified":"2022-11-18T14:21:20","modified_gmt":"2022-11-18T19:21:20","slug":"algorand-price-prediction-for-today-november-18-algo-usd-bulls-losing-grip-on-the-market","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/algorand-price-prediction-for-today-november-18-algo-usd-bulls-losing-grip-on-the-market","title":{"rendered":"Algorand Price Prediction for Today, November 18: ALGO\/USD Bulls Losing Grip on the Market"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-358373\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-Daily.png\" alt=\"Algorand Price Prediction for Today, November 18: ALGO\/USD Bulls Losing Grip on the Market\" width=\"1280\" height=\"506\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-Daily.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-Daily-300x119.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-Daily-1024x405.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-Daily-768x304.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;Bulls in the <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-algorand\">Algorand<\/a> market are becoming increasingly unable to withstand bearish pressure. Towards the end of October, the market broke out of the consolidation period and it was a bullish price breakout. Traders have fixed the $0.5 price level as their target for the take-profit exercise. The bears become aggressive at the $0.5 level and as a result, we have a massive price decline within two days that brought the price to $0.264.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Algorand Market Price Statistic:<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">ALGO\/USD price now: $0.29<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">ALGO\/USD market cap: $2,024,481,940<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">ALGO\/USD circulating supply:7.11B<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">ALGO\/USD total supply: 7,327,468,306<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">ALGO\/USD coin market ranking: #27<\/span><\/li>\n<\/ul>\n<p><strong><span data-preserver-spaces=\"true\">Key Levels<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Resistance: $2.0, $2.5, $3.0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Support: $1.5, $1.0, $0.5<\/span><\/li>\n<\/ul>\n<h2><strong><span data-preserver-spaces=\"true\">Algorand Market Price Analysis: The Indicators&rsquo; Point of View<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">&nbsp;Buyers find a new support price of $0.264. This new support price is lower than the previous one which is at $0.306. The bull market encounters a lower resistance at around the previous support level of $0306. The matter gets worse for the buyers as the resistance shifts even lower to $0.282. And the bulls are becoming weaker as the market progresses, however, they held to the $0.264 support price. The lower band of the Bollinger indicator shows more activities to the downside than the upper band of the indicator. The RSI line shows a consolidation sentiment as the price momentum ranges below the equilibrium point which is precisely at 40.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-358374\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-4-hour.png\" alt=\"\" width=\"1280\" height=\"506\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-4-hour.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-4-hour-300x119.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-4-hour-1024x405.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ALGOUSD-4-hour-768x304.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">ALGO\/USD 4-Hour Chart Outlook<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">This smaller timeframe confirms the consolidation sentiment as the price action now moves along with the 20-day moving average horizontally. The Relative Strength Index portrays the price as being at equilibrium. The price is ranging at the midpoint of the market. The Bollinger indicator suggests that another price breakout may soon take place in the market as the two bands contract against the price action. The breakout may be to the downside because the bears have shown more strength than the bulls&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But,&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Dash 2 Trade<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;(DT2) is a new token still in its presale stage. It has the prospect of a massive return on investment. The presale has so far raised about $6.5 million. This money is intended towards the development of its future platform.&nbsp;<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Related&nbsp;<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/dash-2-trade-price-prediction\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">D2T Price Prediction<\/span><\/a><\/li>\n<li><span data-preserver-spaces=\"true\">&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">How to Buy D2T<\/span><\/a><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">&nbsp;\n            <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">&nbsp;Bulls in the Algorand market are becoming increasingly unable to withstand bearish pressure. Towards the end of October, the market broke out of the consolidation <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/algorand-price-prediction-for-today-november-18-algo-usd-bulls-losing-grip-on-the-market\" title=\"Algorand Price Prediction for Today, November 18: ALGO\/USD Bulls Losing Grip on the Market\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":358367,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[11334,13011,7893],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Algorand Price Prediction for Today, November 18: ALGO\/USD Bulls Losing Grip on the Market<\/title>\n<meta name=\"description\" content=\"Bulls in the Algorand market are becoming increasingly unable to withstand bearish pressure. Towards the end of October,\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358371\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algorand Price Prediction for Today, November 18: ALGO\/USD Bulls Losing Grip on the Market\" \/>\n<meta property=\"og:description\" content=\"Bulls in the Algorand market are becoming increasingly unable to withstand bearish pressure. 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