Algorand price forecast shows ALGO facing north as the RSI (14) is moving upward.

Algorand market price stats:

• Algorand price now: $0.17
• Algorand’s market capitalization: $1.23 billion
• Algorand’s circulating offer: $7.1 billion
• Algorand’s total supply: $7.3 billion
• Algorand currency market ranking: #32

ALGO/USD market

Key levels:

Resistance levels: $0.30, $0.32, $0.34

Support levels: $0.09, $0.07, $0.05

ALGO/USD is currently trading around $0.17 and once it can cross above the 9-day and 21-day moving averages, the next target could be at $0.20 which is the crucial level for the coin. However, a push from here could send the price straight to around $0.0.25 while a daily bottom could be spotted at the $0.15 support. Meanwhile, if the current level fails to hold, the Algorand (ALGO) It can slide below the channel 9 minimum.

Algorand Price Prediction: Will Algorand Rise to the Upside?

the Algorand price It is now facing the upside as the coin is moving above the 21-day moving average. Therefore, if buyers can exert more efforts and push the market price towards the upper boundary of the channel, ALGO/USD may reach the $0.30, $0.32, and $0.34 resistance levels, respectively.

On the contrary, breaking the lower boundary of the channel could push the coin towards the critical support at $0.09, $0.07, and $0.05. Looking at the RSI (14) technical indicator, Algorand may start tracking an uptrend as its signal line moves to cross above the 40 level, which indicates that the coin may be trading higher.

When compared to Bitcoin, Algorand price is trying to cross the 9-day and 21-day moving average to reach the nearest resistance at 1100 SAT. Meanwhile, unless this resistance actually holds and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.

However, if the bears bring the currency below the lower border of the channel, it could revive lower below 1000 SAT, while a potential bearish continuation could hit support at 650 SAT and below. Moreover, if Algorand price crosses above the 21-day EMA, then heading towards the upper boundary of the channel could hit potential resistance at 1700 SAT and above. The technical indicator’s RSI (14) also confirms the upward movement as the signal line is moving to cross above the 40 level.

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The cryptocurrency market on Saturday, December 31, 2022 was blinking in the green as the broader market fell onto the shoulders of leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) which also posted gains of 0.33% and 0.7% respectively. Accordingly, the broader cryptocurrency market rose 0.59% to record a market capitalization of $796.5 billion, while its 24-hour trading volume fell 9.2% to $24.19 billion, according to Live data from CoinMarketCap The time is 4:21 PM IST. Leading cryptocurrency gainers today was Trust Wallet Token (TWT), up 8.4% on the day, while Solana Token (SOL) followed suit, up 3.2%.

Analysis of the top cryptocurrency gainers today

The following cryptocurrencies were the biggest digital currency gainers today, December 31st.

1. Trust Wallet Token (TWT)

The Trust Wallet Token protocol relies on governance processes where holders vote on important decisions affecting the Trust Wallet implementation, such as updates and brand new features.

The TWT native token was among the first to be launched on the Binance Smart Chain (BSC) – a blockchain designed for smart contracts and decentralized applications (dApps). The token can be transferred with low gas fees and near-instant transaction confirmation times.

Given that the Trust Wallet Token (TWT) has no real value outside the Trust Wallet ecosystem, the current bullish bias can be attributed to token holders benefiting from the wide range of discounts offered when purchasing cryptocurrencies within the Trust Wallet ecosystem and waning trust in the exchanges. Centralization as investors gain interest in self-custodial portfolios.

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A look at Trust Wallet’s price action shows that TWT is currently trading at $1.43, having gained more than 8% in the past 24 hours, making it first on our list of the top cryptocurrency gainers today.

TWT/USD daily chart

The token price is currently relying on the 9-day moving average (MA) for support as the bulls attempt to climb to the next barrier, the $0.7 resistance. Breaking this hurdle will open the way for TWT price to retest the next resistance at $2.24, and in extreme cases where buying pressure increases, the price may break the local top at $2.65.

The Relative Strength Index (RSI) and the Moving Average Convergence Divergence Index (MACD) are sloping upwards, indicating that more buyers are entering the TWT market, adding credibility to the bullish thesis.

On the other hand, if the buying pressure decreases and TWT price loses the support of the 9-day moving average, this will invalidate the bullish theory and cancel the positive trajectory, sending TWT price lower to retest the support at $1.28 and in the worst case, the floor price at $1.2 dollar.

2 – Solana (SOL)

Solana has lost more than $50 billion in value since the start of 2022, an unsurprising result considering the year marked several outages, overloads, and significant exposure to the crashing FTX exchange.

However, the recent price action shown by the SOL token suggests that investors are regaining confidence as the broader crypto markets attempt to stabilize. According to SOL proponents, as a decentralized finance platform, Solana is more important than ever.

In its design, Solana is an efficient, high-speed platform that takes advantage of an innovative consensus mechanism to differentiate itself from Ethereum.

Based on the SOL/USD daily chart, Solana is trading with a bullish bias today trying to recover from the recent low of $7.96 to trade at current rates of $10.03 at the time of writing.

SOL/USDT daily chart

The moving average (MA) at $10.71 is the first hurdle the bulls face in their attempt to push SOL prices higher. Breaking this resistance would pave the way for recovery. However, the bulls will first have to turn the moving average into support and use it as a stepping stone to their next target at $11.53.

If the bulls can make more effort from this point, their next target would be $12.32, pulling this would send them towards the $12.92 level and eventually the local high at $14.97.

The Relative Strength Index (RSI) at 31 indicates that Solana is trading near the oversold region, which means that the market is about to roll back. If this happens, the price of Solana will go up, which validates the bullish theory. The Moving Average Convergence Divergence (MACD), which is currently flat, indicates that the bears and bulls are fighting a battle for control of the SOL market.

But what happens if the 9-day moving average proves too massive for SOL price? In this case, the bulls will have to defend the immediate support at $9.6 because losing it would see the bears take over, sending Solana price lower, potentially reaching a local low at $7.96.

3. FightOut (FGHT)

FightOut is a newly introduced project, and it comes in the form of a ‘Movement to Earn’ (M2E) fitness platform set out to take the workout routine of anyone involved or engaged to higher heights, yet traditional gyms can’t achieve.

The FightOut M2E platform is committed to providing a workout routine that is tailored to the individual taste and preference of the participant, thus ensuring that each player’s muscles and joints are working in the right way.

Furthermore, if you are a FightOut participant, or in this case an athlete or someone who takes pleasure in working out, you can access the FightOut metaverse using the TARO code that is currently in pre-sale.

Once you’re in the metaverse, you’re free to create your own avatar character and use it to interact and interact with other players through duels and earn more FGHT dollar tokens in the process. The FGHT token pre-sale is reporting impressive results, having raised over $2.44 million after just weeks of going live. Based on expert predictions, the FightOut platform will change the space for moving for profit, as we know it, and offer something better. do not leave!

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4. Dash 2 Trade (D2T)

Dash 2 Trade is here to make better and more efficient traders out of anyone who chooses to join the community. Every trader needs the much needed help that Dash 2 Trade offers so that they can post steady gains amidst the turbulent market sentiment.

Among the most desirable features of the Dash 2 Trade ecosystem is the Advance Dashboard, an amazing feature where users can get first-hand information regarding new cryptocurrency-related projects early in their pre-sale stages so that they can decide whether to invest. in it or not.

Like everything valuable, the Dash 2 Trade Dashboard is not free and requires a monthly subscription via $D2T codes. The value of this D2T token will definitely grow in value with many traders and investors looking to get their hands on it and enjoy the huge gains. With the D2T pre-sale still ongoing, the project has already raised over $11.5 million, adding credibility to the project’s strong fundamentals.

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5 – Calvaria (RIA)

Calvaria is also a big winner today, celebrated for introducing a blockchain-based card game called Calvaria: Duels of Eternity.

In Calvaria, players have the opportunity to own battle cards of playable characters, which they can deploy on the battlefield by making use of skill combos that will help them defeat or defeat their opponents.

When a player engages in Calvaria Duels of Eternity, they earn RIA tokens, which can then be used to create better card decks and then exchange them for cash. Calvaria has made sure that every user enjoys the best in mobile gaming while introducing them to cryptocurrency and they enjoy the game system to earn money.

Calvaria makes it to the list of top cryptocurrency gainers today because the RIA team has already raised over $2.6 million in an ongoing presale, which means there is only 16% of the tokens left for presale. Don’t be one of those who regret losing them.

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6. RobotEra (TARO)

RobotEra is a sandbox themed metaverse project where all blockchain enthusiasts are invited to enjoy an open world where they can rebuild and evolve to regain lost glory. While rebuilding is happening, players get a lot of income.

To access the plots of the RobotEra metaverse, one needs to access robot form, as these are the characters that dominate the planet Taro. The bot will be used as a character to acquire properties, including buying land, collecting resources, participating in quests, and creating bot companions.

RobotEra rewards participants with $TARO tokens as they participate in metaverse activities. Tokens can be exchanged for cash. The owner may also choose to participate in the TARO tokens and enjoy passive income from now on.

This amazing platform, RobotEra, only recently started its pre-sale and has already raised over $637K.

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It will certainly provide impressive gains for the metaverse and cryptocurrency enthusiasts, which makes it an essential consideration, which is why it appears among our top gainers today.

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Read more about the top cryptocurrency gainers today:

FightOut (FGHT) – the latest money-making project

• CertiK is audited and CoinSniper KYC verified
• The early stage pre-sale is now live
• Earn free crypto and learn about your fitness goals
• LBank Labs project
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The price of Terra Luna has fallen from its peak around $120 in April 2022 to barely a hundredth of a cent, sending shock waves through the cryptocurrency market. After the collapse of Terra’s alsgoritmic stablecoin UST and its sister token LUNA, Terra LUNA was then baptized with TerraLUNA Classic (LUNC) with a circulating supply of 6.014 trillion in an effort to salvage what was left of the ecosystem. This led many people to wonder how different the new LUNA coin under Terra Luna 2.0 would be from the original.

At the time of writing, LUNA price was trading at $0.000149, having gained 1.66% in the last 24 hours. The current market cap of LUNA coin is $890 million, which puts the cryptocurrency at number 39 on CoinMarketCap with a 24-hour trading volume of $106.7 million.

Terra Luna ecosystem

The native token of the Terra blockchain is LUNA. A Korean company called Terraform Labs, which raised up to $32 million in a private sale of LUNA coins to fund the project, is developing the blockchain. The sources of investments included central institutions such as Binance, Huobi, OKEx, and others.

At the core of the Terra blockchain has been the creation of logarithmic stablecoins — tokens essentially designed to combine the property of cryptocurrency’s decentralized freedom with the stability surrounding fiat money. Accordingly, LUNA became a pivotal part of this system and was described as staking or tokenization protocol.

To achieve this goal, the Terra blockchain introduced a dual token system between the TerraUSD stablecoin (UST) and LUNA, with the stablecoins (UST) minted via LUNA burning or LUNA swaps.

In principle, the idea was that if the value of UST rose above $1, an equivalent value of LUNA would be burned, thus minting more UST and in the process, reducing its value. In addition, supposing the price of UTs falls below $1, the stablecoins will be exchanged for LUNA, thus increasing the value of UTs. This is how the treasuries were supposed to maintain their peg to the dollar 1:1.

Prior to the Terra ecosystem crash in May 2022, the circulation of LUNA coins was limited to $1 billion with the criteria that if this number was exceeded, the LUNA would be burned. As of Dec. 31, the original LUNA offering, now named Terra Luna Classis (LUNC), is $6 trillion, according to data from CoinMarketCap.

Will Terra Luna Price Recover in 2023?

Terra Luna, now Terra Luna Classic (LUNC) has been scrabbling since the ecosystem collapse and the Terra community has been actively working in hopes of restoring the glory of the lost token. Although a rollback from past price values ​​is a pipe dream, the team’s current goal is to restore investor confidence in the ecosystem.

As part of these efforts, Terra Labs is attempting various interventions, including partnering with the largest crypto exchange Binance in a joint venture set to reduce the circulating supply of the token.

The Terra team states that it is working closely with centralized exchange partners such as Binance, Bybit, and Huobi to support LUNA holders who leave funds on the exchanges. #LUNA #UST【https://t.co/vm1BD9DrZX】

– Allure Love (@AllureLove_520) May 26, 2022

As such, the exchange has implemented a burn program whereby 100% of spot and margin fees are burned through Wednesday. Based on recent developments, the figure has been reduced to 50%.

Since the crash, Terra Labs has strived to regain community support, and while the Binance collaboration inspires some confidence, there is a lot more that needs to be done before Terra can muster a following as huge as it once was. If this happens, hope is revived that LUNA price will reach the $1 mark.

LUNA/USD daily chart

Based on the daily chart (above), the LUNA/USD pair at $0.000149 is blinking green in a choppy market after the bulls outmaneuvered the bears in today’s trading session.

LUNA price is currently fighting the resistance provided by the 9-day simple moving average (SMA). If the bulls can build up buying pressure to turn this barrier into support, then LUNA price will head to the next key area at $0.00017, which has proven to be a formidable hurdle in the past.

In very ambitious cases, buyers can push the price to target the $0.00019 high range, but it depends if they can turn the above stubborn resistance into support.

This positive view has been supported by The Moving Average Convergence Divergence (MACD), although flat, is sloping upward towards the neutral line. In the same way, the Relative Strength Index (RSI) started pointing higher, indicating that more buyers are entering the market and they are determined to push the price of Terra Luna higher.

On the other hand, if the bulls fail to break the 9-day SMA barrier, LUNA price may record more losses, starting from losing the support at $0.00014, and if the push happens, a retest of the local low at $0.000126 is likely. .

Start the new year with these very profitable projects

FightOut (FGHT)

FightOut is a Web3 fitness app and is the current all-in-one app in both the crypto and non-cryptocurrency spaces. Although still in the early stages of its development, FightOut has amassed a large following, which is attributed to real-world blockchain use cases.

Contrary to what most cryptocurrency projects offer, including promises of flimsy money-making schemes, FightOut explores the true potential of blockchain technology and makes it so that every user can connect with it.

As an App for Earning (M2E), FightOut rewards users when they exercise whether it be in the gym or at home. The project makes it easy for users to complete their fitness goals by tailoring workouts to their interests and abilities.

With a FightOut account, a user can craft a “spiritual” NFT avatar that represents their unique identity in the M2E metaverse. It should be noted that the user cannot sell or transfer their FightOut Avatar NFTs because they are “bound to the user’s soul”. The account also collects rewards when the user completes their workouts in the real world and does so by monitoring the account owner’s metrics and converting them into stat points.

The earning potential of the FightOut platform can be enhanced when the user participates in FightOut Challenges alongside fellow community members. The M2E metaverse allows the user to socialize with other players, share goals, and keep each other motivated.

Given the project’s degree of popularity, FGHT’s current dollar pre-sale has scored one of the best milestones in pre-sale history, raising $2.44 million just weeks after its launch. Advance Offer supports purchases in ETH, USDT, and credit card (via Transak)

The pre-sale is a good time to invest in the FightOut ecosystem, as it comes with a limited-time bonus.

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Make sure to invest in the early stages of the FightOut pre-sale to be among the first investors to book the highest returns. With the project acquiring multiple gym websites, hosting FightOut Ambassadors, and hosting state-of-the-art training programs as defined in the whitepaper, FGHT Tokens are expected to claim anywhere from $25X-50X in revenue in 2023. Don’t miss out!

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RobotEra

RobotEra is the eagerly awaited metaverse creator game for hobbyists and enthusiasts in the cryptocurrency gaming space. The game is inspired by themes from The Sandbox where players have the opportunity to develop a metaverse set on the planet Taro. As can be deduced from the name of the game, the planet Taro is dominated by robots.

The highest property value in the Metaverse is $5 million

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– Robotera (robotera_io) December 30, 2022

RobotEra also has an initial offering that has already raised over $637,000. The pre-sale of TARO offers the cheapest entry into RobotEra, and no one should miss such an opportunity to book huge winnings.

The TARO token, which is critical to the RobotEra metaverse’s payment and rewards systems, can award anywhere from 5X-10X at public launch.

Related news:

FightOut (FGHT) – the latest money-making project

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• CertiK is audited and CoinSniper KYC verified
• The early stage pre-sale is now live
• Earn free crypto and learn about your fitness goals
• LBank Labs project
• Partnership with Transac Block Media
• Staking bonuses and bonuses