Algorand, Ethereum & Decentraland — Asian Wrap 13 Dec
Algorand price is locked within a consolidation pattern as ALGO fails to show signs of directional intentions. The altcoin confuses forecasts as the token registers lower highs and higher lows. A decisive break above or below the prevailing chart pattern could signal a 35% move.
Ethereum, the no.2 most dominant cryptocurrency, is trading on a slippery slope this Sunday, reversing a part of Saturday’s impressive rebound from one-week lows of $3835. In doing so, ETH price is shedding about 1% on the day, trading around mid-$4000.
Decentraland price has been consolidating after its massive run toward its all-time high at $5.89 on November 25. MANA appears to be ready to escape its recent downtrend as it nears a critical hurdle. Slicing above the crucial line of resistance could unleash 36% gains for the token.