Algorand Wave Analysis – 30 September 2026

Algorand: ⬇️️ Sell

– Algorand reversed from resistance level 0.1370

– Likely to fall to support level 0.1175

Algorand cryptocurrency recently reversed down from the key resistance level 0.1370, which previously stopped strong upward impulse in January, May, and June and which coincides with the upper daily Bollinger Band.

The downward reversal from this resistance zone completed the previous wave c and is currently forming the daily candlesticks reversal pattern Bearish Engulfing.

Given the strength of the 0.1370 resistance level and the overbought reading on the daily Stochastic oscillator, Algorand cryptocurrency can be expected to fall further toward the next key support level 0.1175.