Algo seemed poised for rebound when the TD sequential indicator flashed the daily chart purchase signal. Argo’s futures funding rate was slightly negative at -0.0054, indicating that the short position is paying for longer positions.
Algorand (Algo) recently attracted attention for its potential price rebounds, as shown by the TD sequential indicator on the daily chart.
On the one-hour chart, Argo revealed the integration stage at press, with price tests giving the resistance level at $0.4020.
After a period of decline, the price appears to be stable, indicating the possibility of accumulation before a higher intrusion.
Source: TradingView
Alternatively, the MACD indicator showed bullish crossovers, while the MACD line crossed over the signal line and showed bullish momentum increase.
This bullish crossover, coupled with price action that approaches resistance levels, suggests that Argo may be preparing for a significant upward movement if he is able to break through current resistance.
A successful breakout could pave the way for even more bullish momentum.
Market sentiment change: signs of reversal
The TD sequential indicator highlighted by Ali in X flashed the purchase signal for Argo’s daily chart. This signal usually indicates that the current downtrend is running out of itself, and the inversion may be on the horizon.
The TD sequential setup, with that countdown, points to a potential change in market sentiment from beash to bullish. This coincides with current price action and enhances the case of potential price rebounds.
The purchase signal from TD sequential suggests that the market could soon enter a more favorable phase for the Bulls, supporting the possibility of future price increases.
Is Argo ready for the next move?
The financing rate for Argo futures was slightly negative at -0.0054 at the time of writing, indicating that the short position is paying for longer positions. Therefore, the market was slightly tilted in the short term.
However, bid spread analysis showed robust liquidity, with substantial amounts on both sides of the market.
This suggests that markets determine directions can lead to rapid price movements that could support bullish aspects if the purchase signal from the TD sequential is retained.
The balance between market depth and emotions provides a foundation for potential breakouts and supports Argo’s bullish case.
I’m waiting for confirmation
The whale index was -65.0650 at press, indicating a decrease or accumulation of activity from large holders.
Normally this could suggest a lack of confidence from whales, but in the context of other indicators it may mean that whales are waiting for a confirmed breakout before entering the market yeah.
This pattern reflects past integration stages, with whale activity significantly diminishing before price shifts. If a breakout occurs, whale participation could surge and price movements could be amplified.
This suggests that a bullish trend in prices could enhance whale activity, further supporting cases of rebounding.
What’s next for Argo?
The indicator combination suggests that the rebound could be on the horizon, especially if the Argo was able to break through the $0.4020 resistance level.
Read Algorand (Algo) Price Forecast 2025–2026
Price action and liquidity indicate that if breakouts are retained, they could support a rise in market conditions.
However, risk management strategies are always important, as even the most promising setups can encounter sudden changes in momentum.