Algorand / Dollar intraday: the downside prevails as long as 0.1156 is resistance

Limited Decrease
l
20260121143159de9a2b74696a95c7da46579487c0f54e
ALGOUSD+0%
2026-05-04 15:56Source:TC

Our pivot point is at 0.1156.

Our preference: the downside prevails as long as 0.1156 is resistance.

Alternative scenario: above 0.1156, look for 0.1186 and 0.1204.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.1143 and 0.1142).

Supports and resistances:

0.1204 **

0.1186 *

0.1156 **

0.1124 last

0.1088

0.1070 **

0.1052 *

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-04-2026 at 15:56 UTC+1

Price reference: 0.1124 last known on 05-04-2026 at 15:56 UTC+1

Investment horizon: INTRADAY

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