![Your Algorand [ALGO] holdings might suffer a drop in value because of this](https://i.headtopics.com/images/2023/1/24/cryptoamb/your-algorand-algo-holdings-might-suffer-a-drop-in-your-algorand-algo-holdings-might-suffer-a-drop-in-1617908841399652356.webp)
ALGO’s price has rallied tremendously since 2023 began. However, a price reversal might be underway. While Algorand’s [ALGO] price might have rallied by about 10% in the last seven days, a steady decline in its Chaikin Money Flow (CMF) on a daily chart created a bearish divergence that typically precedes a price reversal. Read Algorand [ALGO] […]
Where’s the risk for Algorand?
When an asset’s price rallies to a higher high into overbought zones and its CMF diverges into a lower high and falls, this creates a bearish divergence that is typically taken as a sell signal.
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