Algorand Wave Analysis – 6 October 2026

Algorand: ⬇️ Sell

– Algorand reversed from resistance level 0.1355

– Likely to fall to support level 0.1175

Algorand cryptocurrency recently reversed down from the resistance zone between the multi-month resistance level 0.1355 (which has been reversing the price from January) and the upper daily Bollinger Band.

The downward reversal from this resistance zone completed the ABC correction ii from the end of March.

Given the strength of the resistance level 0.1355, Algorand cryptocurrency can be expected to fall further toward the next key support level 0.1175.