Algorand

The post ALGO Price Exceeds $0.15, Teasing A Bull Run To $0.1717! appeared first on Coinpedia Fintech News
The altcoins market enters a high-speed recovery phase as Bitcoin surpasses the $40K mark, reflecting a greed-filled market. Capitalizing on the market boost, as the high demand enters Algorand’s dominion, ALGO price skyrockets to create multiple bullish candles.  As the market value sustains the 200D EMA, the dynamic support acts as a bounce pad to …

ALGO Price Exceeds $0.15, Teasing A Bull Run To $0.1717!

The post ALGO Price Hatches Bullish Plan Of Action, Eyes $0.1717! appeared first on Coinpedia Fintech News
With the altcoins market gaining momentum near the year’s end, the market recovery anticipations are higher than ever. Gaining traction from the market recovery, the ALGO price takes a bullish turnaround in the consolidation range. Preparing a trend continuation pattern, the price trend analysis displays a high likelihood of the prevailing uptrend continuing this month. …

ALGO Price Hatches Bullish Plan Of Action, Eyes $0.1717!

An organization that works to end poverty on behalf of the United Nations is about to provide its 22,000 employees with extensive blockchain training. The main goal of this program, administered by the United Nations Development Programme, is to enable the agency’s workers to actively contribute to the promotion of sustainable development in different countries. […]

United Nations, Algorand Network To Launch Blockchain Academy In 2024

In the latest sudden DEX pump, a spin-off Wrapped ALGO (XALGO) coin has climbed +1,000% in just 24-hours, but with price now reeling, this other crypto might be the next to explode. This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the […]
The post xALGO Coin is Up 1,000% in 24 Hours and This Other Crypto Might be Next to Explode – Here’s Why appeared first on Cryptonews.

xALGO Coin is Up 1,000% in 24 Hours and This Other Crypto Might be Next to Explode – Here’s Why

Source: Pixabay The United Nations Development Program (UNDP) has partnered with the Algorand Foundation to launch a blockchain academy in a bid to train staff on the technology. Speaking at the Algorand Impact Summit on Nov 30, Robert Pasicko, a UNDP expert announced the partnership to drive sustainable development as the agency performs its core […]
The post United Nations Development Program Partners Algorand to Train 22,000 Employees in Blockchain Technology appeared first on Cryptonews.

United Nations Development Program Partners Algorand to Train 22,000 Employees in Blockchain Technology

The United Nations Development Programme has partnered with Algorand Foundation to provide its staff with blockchain knowledge and insights. In a press release on Nov. 30, 2023 the Algorand Foundation has announced the launch of a blockchain academy to bolster…

United Nations taps Algorand to develop blockchain training course for 22k employees


                        
                    
                                    The United Nations Development Programme (UNDP), which is tasked with eliminating poverty in over 170 countries, wants to educate its 22,000 staff on distributed ledger technology. 
                    A United Nations agency tasked with helping countries eliminate poverty is set to upskill its 22,000 staff in blockchain technology, with the ultimate goal of helping countries achieve “sustainable development” growth. According to a Nov. 30 statement, the United Nations Development Programme (UNDP) has partnered with the Algorand Foundation to launch a blockchain academy in 2024. The academy will serve the UNDP's 22,000 staff members across 170 countries, educating them about distributed ledger technology and blockchain, including how it could be used for financial inclusion, supply chain transparency, real-world asset tokenization, and digital identity applications.During the Algorand Impact Summit in New Delhi, UNDP’s expert for alternative finance and low carbon development, Robert Pasicko, told the audience the partnership will enable the organization to “upskill, empower, and inspire UN practitioners around the world.”The curriculum will include lectures, workshops, and hands-on assignments and will be “instrumental in equipping our team with the tools needed to address complex global challenges using blockchain technology,” said Pasicko. Breaking news from #AlgoImpactSummit  The @UNDP partners with the Algorand Foundation to launch the Algorand Blockchain Academy.The academy will be made available to over 22,000 United Nations staff in 170+ countries. https://t.co/wfWBaFOW0E pic.twitter.com/lCqNEQonrV— Algorand Foundation (@AlgoFoundation) November 30, 2023


Head of education and inclusion at the Algorand Foundation, Doro Unger-Lee, added that education was a “critical first step toward identifying and delivering actionable, on-the-ground use cases of blockchain to help achieve the Sustainable Development Goals in a number of areas.”Read more

United Nations agency to upskill thousands of staff in blockchain tech

Source: Pixabay Decentralized network Algorand (ALGO) has partnered with key players in India to deepen India’s Web3 foundation. In a significant move explained by the blockchain platform’s CEO Staci Warden, Algorand will partner with the Indian tech advocacy group – NASSCOM. Other partners include TiE Bangalore, a global entrepreneurship supporting program, and India’s first women-centric […]
The post Blockchain Protocol Algorand Forms Strategic Collaborations in India For Web3 Push appeared first on Cryptonews.

Blockchain Protocol Algorand Forms Strategic Collaborations in India For Web3 Push

Blockchain protocol Algorand (ALGO) has expanded its footprint in India by securing new partnerships with NASSCOM, India's trade body and chamber of commerce for the tech industry, T-Hub, a prominent innovation hub, and the Mann Deshi Foundation which supports India's first rural bank for women.

The Algorand Foundation Expands Its Footprint in India

The post Algorand (ALGO) overshadowed by Cardano (ADA) NFT sales and Meme Moguls (MGLS) appeared first on Coinpedia Fintech News
Although Cardano seems to be characterized by slow development, their recent NFT sales have been impressive. Algorand is launching many interesting products such as putting music on the blockchain, but ALGO’s price action doesn’t match the hype. Meme Moguls is a hot new project that aims to unite NFT and meme lovers and traders to …

Algorand (ALGO) overshadowed by Cardano (ADA) NFT sales and Meme Moguls (MGLS)


                    
                    Bitcoin is facing resistance at $38,000, but UNI, IMX, VET and ALGO may extend their up-move in the short term.
                    Bitcoin (BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and the bears about the next directional move.With Bitcoin maintaining near its 18-month high, BitMEX co-founder Arthur Hayes retained his bullish stance. In a X (formerly Twitter) post, Hayes said that the United States dollar liquidity was increasing, which is likely to push Bitcoin higher.Crypto market data daily view. Source: Coin360Another bullish projection came from PlanB, creator of the stock-to-flow family of BTC price models, who said in a post on X that Bitcoin may not stay at the current levels for long. PlanB expects Bitcoin to maintain an average price of at least $100,000 between 2024 and 2028.Analysts have turned increasingly bullish in the past few days, but traders should exercise caution because every uptrend is bound to have corrections. Could Bitcoin soar above $38,000 or start a corrective phase? Let’s look at the charts of the top 5 cryptocurrencies that may outperform in the near term.Bitcoin price analysisBitcoin’s march higher has hit a wall near $37,980 but the bulls are not hurrying to close their positions. This shows that traders expect the uptrend to progress further.BTC/USDT daily chart. Source: TradingViewThe immediate support on the downside is the 20-day exponential moving average ($36,546). If the price snaps back from this support, it will signal that every minor dip is being purchased. That will increase the possibility of a break above $37,980. If that happens, the BTC/USDT pair could rally to $40,000. This level may pose a strong hurdle to the bulls, but if buyers flip the $38,000 level into support on the downside, the rally could stretch to $48,000.Conversely, if the price plummets below the 20-day EMA, it will indicate that traders are booking profits. The pair may then dump to $34,800. BTC/USDT 4-hour chart. Source: TradingViewThe bulls are trying to maintain the price above the moving averages but are finding it difficult to overcome the obstacle at $37,980. The relative strength index (RSI) is just above the midpoint, indicating that the bullish momentum is weakening.If the price slips below the 50-simple moving average, the pair may plunge to the uptrend line. The bulls are expected to defend this level with vigor. On the upside, a break and close above $38,500 will indicate that bulls are in the driver’s seat.Uniswap price analysisUniswap (UNI) fell below the 20-day EMA ($5.44) on Nov. 21, but the lower levels attracted aggressive buying by the bulls. That started a sharp rally on Nov. 22, which pushed the price to $6.60 on Nov. 24.UNI/USDT daily chart. Source: TradingViewThe up-move is facing selling near the overhead resistance of $6.70. The UNI/USDT pair has pulled back to the 38.2% Fibonacci retracement level of $5.92, and the next stop could be the 50% retracement level of $5.71. A strong bounce off this zone will suggest that traders view the dips as a buying opportunity. That may enhance the prospects of a breakout above $6.70. Such a move will complete a double bottom pattern, which has a target objective of $9.60. The bullish momentum is likely to weaken below the 61.8% Fibonacci retracement level of $5.50. UNI/USDT 4-hour chart. Source: TradingViewThe bulls tried to protect the 20-EMA, but the bears had other plans. They pulled the price below the 20-EMA, starting a deeper correction. If the price sustains below the 20-EMA, the pair may tumble to the 50-SMA. If the price turns up from the current level or bounces off the 50-SMA, it will suggest that lower levels are being bought. The bulls will then again try to propel the price to the overhead resistance of $6.70. If this resistance is surmounted, the pair may skyrocket to $7.80.Immutable price analysisImmutable (IMX) has been sustaining above the breakout level of $1.30 for the past several days, suggesting that bulls have the edge.IMX/USDT daily chart. Source: TradingViewThe price may pull back to the zone between $1.30 and the 20-day EMA ($1.20). This zone is likely to witness a tough battle between the bulls and the bears, but If the buyers prevail, the IMX/USDT pair could climb to $1.86.Instead, if sellers tug the price below the support zone, it may trigger stops of short-term traders. That could accelerate selling and result in a sharper correction to the psychological level of $1.IMX/USDT 4-hour chart. Source: TradingViewThe 20-EMA on the 4-hour chart has flattened out, and the RSI is just below the midpoint, indicating a possible consolidation in the near term. The first support on the downside is $1.30. If buyers maintain the price above this level, it will suggest that the $1.30 is acting as a new floor.On the upside, a break above $1.50 will signal the resumption of the up-move. The pair may travel to $1.59 and then to $1.63. Contrary to this assumption, a fall below $1.20 could tilt the short-term advantage in favor of the bears.Related: XRP price bull flag hints at 20% rally by New Year’sVeChain price analysisBuyers propelled VeChain (VET) above the overhead resistance of $0.023 on Nov. 26 but are struggling to sustain the higher levels as seen from the long wick on the candlestick.VET/USDT daily chart. Source: TradingViewSellers will try to trap the aggressive bulls and pull the price to the 20-day EMA ($0.021). If the price rebounds off this level, it will suggest a positive sentiment. The bulls will then again attempt to overcome the obstacle at $0.023. If they can pull it off, the VET/USDT pair could rise to $0.027 and thereafter try to reach the pattern target of $0.031.On the contrary, if bears sink the price below the 20-day EMA, it will indicate that the pair may remain stuck inside a large range between $0.014 and $0.023 for a while longer.VET/USDT 4-hour chart. Source: TradingViewThe pair has slipped back below the breakout level of $0.023, indicating that the bears have not given up and are selling at higher levels. The pair could next reach the 20-EMA, which is an important level to watch out for.If the price rebounds off the 20-EMA, the bulls will make another attempt to drive the price above $0.023 and start the next leg of the rally to $0.027. On the other hand, a break below the 20-EMA may start a deeper correction to $0.020.Algorand price analysisAlgorand (ALGO) reached the overhead resistance of $0.14 on Nov. 25, where the bears are expected to mount a strong defense.ALGO/USDT daily chart. Source: TradingViewIf the bulls do not give up much ground from the current level, it will suggest that traders are holding on to their positions, expecting a move higher. That increases the likelihood of a rally above the $0.14-$0.15 resistance zone. If that happens, the ALGO/USDT pair will complete a cup-and-handle pattern. This reversal setup has a pattern target of $0.20.If bears want to prevent the up-move, they will have to drag the price below the critical support at $0.12. If this level gives way, the pair may tumble to $0.11 and then to $0.09.ALGO/USDT 4-hour chart. Source: TradingViewThe 4-hour chart shows that the pair is oscillating inside the $0.12 to $0.15 range for some time. In a range, traders usually buy near the support and sell close to the resistance. It is difficult to predict the direction of the breakout with certainty; hence, traders may consider waiting for the breakout before taking large bets.If the price breaks above $0.15, the pair is likely to start the next leg of the up-move. The pair may first rise to $0.18 and then to $0.20. This positive view will be invalidated if the price turns down and falls below $0.12.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


Bitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher

Dive into the evolving dynamics of the cryptocurrency market, focusing on Algorand (ALGO) and Arbitrum (ARB) as they navigate a crucial phase against Bitcoin's lagging performance. Our in-depth analysis highlights ALGO resilience and ARB potential in a market ripe for recovery. Stay informed and ahead of the curve with our expert insights, designed to help you decipher the complexities of this rapidly changing landscape, where every move could lead to significant shifts in market dominance

With Bitcoin Faltering in Recovery, Will Arbitrum (ARB) and Algorand (ALGO) Seize the Day to Break Out?

#CBDCs #Truth #CryptoEthos #Algorand $ALGO #SpyCoins #1984 
👋 JOIN THE FAMILY: http://www.patreon.com/investanswers
📈 IA MODELS: http://www.investanswers.io
📬 IA NEWSLETTER: https://investanswers.substack.com
🪙 IA CRYPTO COMPENDIUM: http://investanswers.io/crypto-compendium

DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.

0:00 Introduction
01:00 Video Outline
02:00 Part 1: Why This Video 
03:00 IA Called Out on Scott Melker’s Channel 
04:00 What prompted the IA Team to respond to Algorand?
05:00 Part 2: Algorand hid their CBDC website page  
06:00 Mantra of Crypto is the Antithesis of CBDC’s!
07:00 Suddenly their “Planning CBDC” Page is Gone
08:00 Algorand Covering Their Tracks
09:00 Part 3: Staci Claims: “CBDCs are Against Algorand ETHOS!”
10:00 Algorand Against CBDC Ethos
11:00 Part 4: Algorand’s CBDC Strategy
12:00 Algorand’s CBDC Strategy
13:00 Algorand’s CBDC Strategy Part II
14:00 These Are Everywhere You Look
15:00 Algorand Powering Marshall Island CBDC
16:00 Numerous Media Articles
17:00 Tons of Algorand Reports on Importance of CBDCs
18:00 Algorand on How to Govern a CBDC
19:00 51 Page White Paper from ALGO on How to Issue a CBDC
20:00 2022 Report: Issuing Central Bank Digital Currency On Algorand 
21:00 Yet Another White Paper
22:00 ALGO Dutch CBDC - Programmable Euro
23:00 ALGO recommends Hybrid CBDCs
24:00 ALGO on LinkedIn Pushing CBDCs
25:00 Reddit - Reddit, Really? 
26:00 Another ALGO Report on Issuing CBDCs
27:00 Therefore...
28:00 Part 5: Why CBDCs are Orwellian
29:00 Klaus Has His CBDC Plan!
30:00 131 Countries - 11 Launched, Most Planning
31:00 RFK: “Primary Fear - is Instrument of Control”
32:00 ECB: Digital ID, Vax Pass, Carbon Wallet and CBDC
33:00 BIS Wants Absolute Control - Said it out loud!
34:00 CBDC is Anti Freedom
35:00 Warren Kills BTC to Make Way for CBDC
36:00 Not Just Algorand - Ripple Also 
37:00 CBDC = SLAVERY
38:00 “Control the Money, Control the World!”
39:00 Part 6: Algorand Data Showcased
40:00 Real World Impact
41:00 User Adoption Daily Fees and DEX Vol 
42:00 Crypto Fees - ETH does 73,000 Times ALGO Fees
43:00 35,000 Registered Algorand Developers
44:00 Actual Algorand Developers
45:00 Algorand Developer Activity
46:00 IA Crypto Compendium ALGO Development Ranking
47:00 User Adoption SC Market Cap 
48:00 Daily Active Addresses
49:00 13.65M Addresses with Zero Balance? 
50:00 60% of all ALGO held by top 100 Wallets
51:00 Daily Active Addresses Ratio = 0.21%
52:00 Daily Active Addresses - Death Ratio Dead Chain
53:00 Daily Active Addresses
54:00 Daily Transactions
55:00 Daily Transactions
56:00 Max Transactions Per Second (TPS)
57:00 Max Transactions Per Second (TPS)
58:00 Max Transactions Per Second (TPS)
59:00 Time to Finality Claim - Instant?
60:00 Time to Finality
61:00 Time to Finality
62:00 Governance DAO
63:00 Governance DAO
64:00 Governance DAO
65:00 Total Value Locked (TVL)
66:00 Total Value Locked (TVL)
67:00 Total Value Locked (TVL)
68:00 Total Value Locked (TVL)
69:00 ON-CHAIN DATA CONCLUSION
70:00 Part 7: Conclusion
71:00 CBDCs are Orwellian and Coming

💥Exposed: Algorand & Battle Against CBDCs!💪


                    
                    The decentralized exchange increased margin requirements on several markets on Nov. 18, after an alleged targeted attack on the YFI token triggered massive liquidations. 
                    Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses.According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos (EOS), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO), Internet Computer (ICP), Monero (XRM), Tezos (XTZ), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix (SNX), Enjin (ENJ), 1inch Network (1INCH), Celo (CELO), Yearn.finance (YFI), and Uma (UMA).dYdX triggered its insurance fund to cover users’ trading losses on Nov. 17 after a profitable trade targeting long positions on the YFI token caused the liquidation of positions worth nearly $38 million. dYdX founder Antonio Juliano dubbed the move a "targeted attack" on the exchange. According to him, YFI's open interest in dYdX spiked from $0.8 million to $67 million in a matter of days as a result of the actions of one individual. The same individual, according to Juliano, attempted to attack the SUSHI market on dYdX a few weeks earlier. "We did take action to increase initial margin ratios for $YFI prior to the price crash, but this was ultimately not sufficient. The actor was able to withdraw a good amount of $USDC from dYdX right before the price crash," he wrote. On X, the exchange’s team said that "highly profitable trading strategies have now been banned on dYdX,” in a reference to the language used by Mango Markets’ exploiter Avraham Eisenberg in his $116 million attack of 2022. dYdX is now offering a bounty payment in exchange for valuable information:dYdX will pay bounties to those most helpful in aiding the investigationWe will not pay bounties to, or negotiate with the attackerWe and others have made significant progress into identifying the attacker. We are in the process of reporting the information we have to the FBI— Antonio | dYdX (@AntonioMJuliano) November 19, 2023

The YFI token declined by 43% in just a few hours on Nov. 17 after soaring over 170% in November. The sharp decline wiped out over $300 million in market capitalization from the recent gains, according to data from CoinMarketCap. In the past 30 days, however, the token has still gained over 90%, trading at $9,190 at the time of writing.The Yearn.finance team hasn’t disclosed any official details about the incident. A source familiar with the matter told Cointelegraph that developers on the team do not control the majority of the token supply, strongly refuting initial concerns about a potential scam. The claim is supported by Etherscan data showing large centralized exchanges as YFI top holders.Magazine: Blockchain detectives — Mt. Gox collapse saw birth of Chainalysis

dYdX raises margin requirements in some markets, bans “highly profitable trades”

Delve into the dynamic world of Algorand (ALGO) and GALA (GALA) as they navigate through challenging end-week market corrections. Our insightful analysis sheds light on their resilience and response to recent market pressures, offering a nuanced perspective on their potential to withstand and rebound. Gain a deeper understanding of ALGO and GALA performance in the face of fluctuating market dynamics, and equip yourself with informed viewpoints to navigate the complexities of cryptocurrency trends. Whether bullish surges or bearish retreats, stay informed and prepared for the evolving landscape of these intriguing digital assets.

Altcoin Market Corrections Test Algorand (ALGO) and GALA (GALA) Strength, Will They Stay Firm?

Discover the understated yet significant movements of Avalanche (AVAX), Algorand (ALGO), and Arbitrum (ARB) in the cryptocurrency market. Our in-depth analysis explores their recent, quietly impressive performances, considering the potential impacts of their innovative projects and partnerships. Gain insights into these altcoins' market trajectories as they navigate the complex crypto landscape, subtly gaining momentum. Keep informed with our expert analysis to understand the nuances of their potential breakout or pullback, and stay ahead in the dynamic world of digital currencies.

Will the Striking Comeback of Avalanche (AVAX), Algorand (ALGO) and Arbitrum (ARB) Catch the Crypto World Off Guard?

The post ALGO Price Analysis: Will Algorand Price Shine Brighter? appeared first on Coinpedia Fintech News
With the US SEC nearing its decision to spot Bitcoin ETF, the leading cryptocurrency has shown its sustainability  $36000 mark. Thus, with the altcoin market returning to the bullish trajectory, the ALGO price rebounds from the $2.3 support with a Morningstar, teasing a strong comeback.  Therefore, the rising prices continue to form a bullish reversal …

ALGO Price Analysis: Will Algorand Price Shine Brighter?

The cryptocurrency market is experiencing a pivotal moment, with a net capital inflow for the first time in 17 months, marking a significant turnaround from previous trends. This resurgence is reshaping the landscape, bringing new opportunities and challenges. Amidst this evolving landscape, established cryptocurrencies like Arbitrum (ARB) and Algorand (ALGO) are adapting and growing. As [...]
The post Arbitrum (ARB) and Algorand (ALGO) Are Climbing To New Highs appeared first on Blockonomi.

Arbitrum (ARB) and Algorand (ALGO) Are Climbing To New Highs

Quantoz Payments has obtained an EMI license from the Dutch Central Bank to issue EURD on the Algorand platform.

Quantoz Payments Secures License to Issue EURD on Algorand Blockchain


                    
                    Large and small-cap altcoins are flashing bullish signs as Bitcoin price holds above $37,000.
                    Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 times by the end of 2024. Additionally, the halving will reduce the supply by half. Saylor expects both these events will cause the price “to adjust up.” With almost a general consensus that Bitcoin’s price will move higher in 2024, analysts are busy projecting how high the rally could reach. Using its Terminal Price on-chain indicator, Look Into Bitcoin creator Philip Swift said that Bitcoin could hit at least $110,000 in its next bull cycle.Crypto market data daily view. Source: Coin360While Bitcoin continues to hog the limelight, several major altcoins have been charging higher. The broad-based cryptocurrency rally increases hopes that an altcoin season may be around the corner.If the bullish sentiment sustains, altcoins may witness a rotation, wherein the high flyers face some profit booking, and the laggards start moving higher. Let’s look at the charts of the top-5 cryptocurrencies that may outperform in the near term.Bitcoin price analysisBitcoin has been holding above the ascending channel pattern for the past three days, indicating that the bulls are defending the breakout level.BTC/USDT daily chart. Source: TradingViewThe bulls will try to thrust the price above $38,000 and start the northward march toward $40,000. While the upsloping moving averages indicate that the bulls are in control, the overbought levels on the RSI warn of a potential correction.If the price skids back into the channel, it will suggest that the markets have rejected the higher levels. That could open the doors for a fall to the channel’s support line, which is close to the 20-day exponential moving average ($34,784). The bears will have to sink the price below the channel to indicate the start of a solid correction. The BTC/USDT pair may then decline to the $32,400 to $31,000 support zone.BTC/USDT 4-hour chart. Source: TradingViewThe bulls are buying the dips to the 20-EMA on the 4-hour chart but have failed to resume the uptrend. This suggests a lack of demand at higher levels. The bears will try to utilize this opportunity and drag the price below the 20-EMA. If they do that, the pair may fall to the 50-SMA.On the contrary, if the price turns up from the current level, it will suggest that the bulls have flipped the breakout level from the channel into support. That will enhance the prospects of a rally above $38,000.VeChain price analysisVeChain (VET) completed a double bottom pattern after bulls pushed the price above the overhead resistance of $0.021 on Nov. 6.VET/USDT daily chart. Source: TradingViewThe bulls have managed to ward off attempts by the bears to pull the price back below $0.021. This suggests buyers are trying to flip the $0.021 level into support. The bulls will next attempt to propel the price above $0.023 and resume the up-move. If they do that, the VET/USDT pair could rally to the pattern target of $0.028.Contrarily, if the price fails to rise above the $0.023 resistance, the likelihood of a drop to the 20-day EMA ($0.020) increases. A break and close below this support will suggest that the bears are back in the game. The pair may then slump to the 50-day SMA ($0.018).VET/USDT 4-hour chart. Source: TradingViewThe pair has been consolidating above the breakout level of $0.021 for some time. The 20-EMA is flattening out, and the RSI is near the midpoint, indicating a balance between supply and demand.This equilibrium will tilt in favor of the buyers if they kick the price above $0.023. That could start the next leg of the uptrend. Instead, if the price turns down and plummets below $0.021, it will indicate that the markets have rejected the higher levels. That could start a fall to $0.020.Immutable price analysisImmutable (IMX) has risen sharply in the past few days, indicating that the bulls are attempting a comeback.IMX/USDT daily chart. Source: TradingViewThe recovery is expected to face a formidable resistance at $1.30. If the price does not give up much ground from this level, it will enhance the prospects of a break above the overhead resistance. The IMX/USDT pair could then start a rally to $1.59.The overbought level on the RSI warns of a possible correction or consolidation in the near term. If the price turns down sharply from the current level or $1.30, it will indicate that the bulls are rushing to the exit. That may pull the price down to the 20-day EMA ($0.84).IMX/USDT 4-hour chart. Source: TradingViewThe pair is gradually moving toward the overhead resistance of $1.30. The upsloping moving averages indicate that bulls remain in command, but the negative divergence on the RSI suggests that the bullish momentum is weakening. Sellers may mount a vigorous defense at $1.30, but if the price stays above the moving averages during the pullback, it will improve the prospects of a rally above the overhead hurdle. Alternatively, if the price turns down sharply and slides below the 50-SMA, it will indicate the start of a pullback to $0.80.Related: FTX files billion-dollar lawsuit against ByBit over asset withdrawalsThe Graph price analysisThe Graph (GRT) has corrected after a sharp up-move, but a positive sign is that the bulls have managed to keep the price above the 20-day EMA ($0.12).GRT/USDT daily chart. Source: TradingViewThe GRT/USDT pair has been attempting to resume the up-move, but the bears are posing a strong challenge at $0.14. The upsloping moving averages and the RSI in the positive territory indicate that the path of least resistance is to the upside.If bulls overcome the obstacle at $0.16, the pair may resume its uptrend. The pair could thereafter travel to $0.21. Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will indicate that the up-move has ended.GRT/USDT 4-hour chart. Source: TradingViewThe pair has found support at the 50-SMA on the 4-hour chart, but the bears are trying to halt the recovery near $0.14. If buyers pierce this resistance, the pair could retest the barrier at $0.16. This level may again witness a tough battle between the bulls and the bears.On the downside, the 50-SMA remains the key level to keep an eye on. If this level gives way, the pair could tumble to the strong support at $0.12. This level is likely to attract buying by the bulls.Algorand price analysisAlgorand (ALGO) is forming a rounding bottom pattern, which will complete on a break and close above the overhead resistance at $0.14.ALGO/USDT daily chart. Source: TradingViewThe upsloping moving averages and the RSI in the overbought zone indicate that the bulls are at an advantage. If buyers maintain the price above $0.14, it will signal the start of a new up-move. The pattern target of the reversal setup is $0.20. If this level is scaled, the up-move may reach $0.24.Alternatively, if the price turns down sharply from $0.14, it will suggest that bears continue to defend the level with vigor. The ALGO/USDT pair could then slump to the 20-day EMA ($0.12).ALGO/USDT 4-hour chart. Source: TradingViewThe bulls are buying the dip to the moving averages, indicating that the sentiment is turning positive. The real test for the bulls is at $0.14. If they shove and sustain the price above this level, the pair is likely to pick up momentum.On the downside, the moving averages remain the key level to watch out for. A break below the 20-EMA could pull the price to the 50-SMA. If this level cracks, the pair may start a correction to $0.10.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


VET, IMX, GRT and ALGO show bullish setups as Bitcoin trades above $37K

Our column devoted to news and prices of outstanding cryptocurrencies continues over the weekend