ALGO-USD chart analysis today
ALGO-USD is 11 days into a downtrend, coiling inside a falling wedge under a weekly downtrend. It poked above the wedge 1 day ago without closing there. $0.08274 ends the wedge, $0.08898 resumes the rise.
Algorand · daily · last close $0.08850 · read computed from candles through 2026-09-02. No AI, no signal, no target.
The two prices that decide it
- Above
- $0.08898 · the falling wedge
- Below
- $0.08274 · the falling wedge
- Formation state
- Poked above $0.08898 1 day ago without closing there. Still forming.
- Trend
- lower highs and lower lows over the window, 3 steps across 11 bars, still intact
- Agreement
- Structure 1 of 4 (low) · indicators 1 of 3 (low)
Levels and what happened there
- Resistance $0.09605
- Support $0.07629
- The last seven times price reached $0.09605 it held every time, bouncing 13% on average.
- The last two times price reached $0.07629 it held every time, bouncing 29% on average.
- Bigger picture Weekly down, daily coiling. weekly — downtrend intact, nearest support $0.07983, falling wedge at $0.08463.
- 52 weeks 39% below its 52-week high of $0.14539 and 17% above its 52-week low of $0.07577.
Read your own ALGO-USD chart, on any timeframe
This page is the daily read as of 2026-09-02, computed when the site was last built. On /analyze the same engine reads the live candles on five timeframes, or a screenshot from any charting app, and Coach Chad writes it up. 1 free read every 7 days, no account.
Analyze ALGO-USD now →Every figure on this page was computed from real candle data through 2026-09-02 by the same deterministic engine that reads a chart on /analyze; no language model was involved. It describes what is on the chart. It is not advice, a signal, a forecast or a recommendation. Learn to read it yourself in the chart-reading series.