Algorand traders can leverage this support level for short-term gains
Algorand [ALGO] bulls finally found recovering opportunities in the $0.28-zone. The altcoin rose from the ashes of its multi-monthly lows over the last two weeks. The 38.2% and the 61.8% resistance levels have constrained the buying rallies over the last few weeks. The buyers could now aim to break above the reversal pattern. At press time, ALGO traded at $0.3395, up by 2.27% in the last 24 hours.