Token Price Analysis and Short-Term Outlook

Robinhood expanded its asset offering in Europe, introducing Algorand (Argo) and Ondo (Ondo) for trading. The move will expand investment opportunities for European users and enable them to engage in these cryptocurrencies on well-known platforms.

Market participants are currently monitoring the price movements of Argo and Ondo as both assets show a mixing trend in the short term.

Algorand (Algo) Price Analysis – Intraday Inflation Trends and Subsequent Pullback

The current price for Algorand (Algo) is $0.2880, reflecting a 1.24% increase over the last 24 hours. The assets initially surged to a daily high of around $0.305 before undergoing a decline.

Despite the market capitalization rising at the same rate as the price, trading volume fell 8.08% to $152.15 million. The decline in volume suggests a decrease in the buying and selling of activities despite rising prices.

Key Argo Price Levels to Monitor – Support and Resistance Zones

Source: CoinMarketCap

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Argo is currently encountering a key price level that can determine the next move. Immediate support is $0.2846, indicating a low in the day.

If the price drops further, you could potentially test your psychological support at $0.2800, where you could potentially get a purchase right. A deeper pullback could push assets to a $0.2700 level when sales pressure rises.

Conversely, Argo faced resistance at $0.2950, ​​and previously struggled to gain momentum. The key hurdle remains at $0.3050, reaching its highest point in the last 24 hours. A breakout above this level could trigger even more bullish momentum with the next resistance target of $0.3150.

Argo Market Outlook – Consolidation or further decline?

Argo’s market sentiment shows the consolidation period after the recent uptrend.

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If your assets are above $0.2846, you may try another move towards the $0.2950-0.3050 range. However, breaks below support may further decline and tested at lower price levels.

ONDO (ONDO) Price Analysis – Stabilization after breakout failure

Ondo (Ondo) now has a price of $1.33, showing a modest 0.18% increase over the last 24 hours. Despite a small increase, the market capitalization remains stable at $42.1 billion. Trading volumes have fallen 10.46%, and are currently at $346.39 million, indicating a decline in market activity.

The price list shows Ondo surged to an intraday peak of nearly $1.40 before gradually retreating and stabilizing.

ONDO Key Price Level – Defined Support and Resistance Zones

Source: CoinMarketCap

The key pricing levels provide insight into Ondo’s potential movements. The closest support is $1.3326, the lowest point in the last 24 hours.

If the price drops further, it could test the psychological level of $1.30 that buyers can intervene. A stronger decline could cause assets to go to $1.28 (lower support zone).

The advantage was that resistance was placed at $1.36, with previous profits losing traction. The primary resistance remains at $1.40, marking a daily peak. A successful break above this level could push your assets to $1.45 if bullish momentum is maintained.

Ondo Market Outlook – For now, integrations are expanding

Ondo’s current market outlook suggests consolidation as prices stabilize after failing to maintain profits of nearly $1.40.

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If your assets maintain support above $1.3326, you may be trying to regain a higher level. However, if you fall below this threshold, it could further decrease to under $1.30.