Algorand Deviations of HTF Range, Continuation ?Algorand / TetherUSBINANCE:ALGOUSDTCoinJarAlgorand (ALGO) price action has recently reclaimed a higher-timeframe trading range, following what may be interpreted as a deviation below the range. From a technical perspective, this type of price behaviour can suggest that sellers were unable to maintain downward pressure below the established support area, allowing price to move back into the previous trading range. The current development places focus on whether ALGO can maintain acceptance within this higher-timeframe range. If price continues to consolidate within the reclaimed area, the possibility of a rotation towards the upper boundary of the range and its associated resistance may increase. Continued stability within the range could provide further support for this technical interpretation. However, reclaiming a range does not guarantee continued upside. If price fails to maintain its position within the range and moves back below the reclaimed level, the deviation scenario may weaken. In that case, the possibility of continued downside towards lower price levels could become more relevant. Overall, the reclaimed trading range represents an important technical area for ALGO. Price behaviour around this region may help determine whether the current move develops into a broader recovery within the range or whether downward momentum resumes. No particular outcome is guaranteed. ----------------------------------------------------------------------------------------------- Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more: coinjar.com/uk/risk-summary The article is an opinion expressed by the author at a point in time and does not represent the views of CoinJar UK Limited or CoinJar Australia Pty Ltd. Take care to consider the date of this article and be aware that this opinion is based on circumstances at the time of publishing. No responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results. This above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.In the UK, it's legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments. You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you're unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong. ----------------------------------------------------------------------------------------------