The algorand market actually went down to 1.8 dollars we got that now another reason that we could at least have another opportunity to see the price in algorand go up the market had another opportunity to break out and hit into our price target area.
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What's going on with the price it's simple the market doesn't want to go up and when you see these type of things when you need to come in and make some readjustments and the market's not giving me what i expected it.the market got rejected twice all around 1.8 dollars.
The market could not move up above this is why we need to understand the market is not strong no more to expect the price to go up in algorand we need to expect it to go down. the market gives us the correct information it is just those who just wait and wish and hope for the price to actually we're not seeing you were to get out this particular prediction .
You're expecting bigger moves to the downside. you need to minimize the losses.you can have 20 percent loss the market comes all the way down in algorand to like i'm just saying we're looking for the market pricing over to go because obviously the price has been struggling to go up.
What it is the price chart is telling us the same type of depiction. you already the market in algorand could not break above 1.5 dollars.the market we have to follow the trend. what price is trying to display and trying to display weakness.we have to follow the market. we can still see the price and aalgorand hold this consolidation range take a look.
We can see on this price prediction the market in algorand to hold 1.5 dollars no lower than 1.6 dollars. we can still see the price maintain itself within our market.we need to see if going to be the case we still have a greater opportunity to see price go up towards the end of september.
We see where price is going to break to the downside the market is trying to tell us if we saw strength in algorand this last completed days price bar. the expectation would be for the market to go up.