- The new adoption rate of Kharzaf reached 62 %, which is the highest since January, and it follows a monthly average of 32 %.
- The ALGO price movement has been confined to a huge triangle style since the third of December 2024.
Khawarzaf [ALGO] He did not like price recently, but her story on the series tells a different story.
Altcoin has been in a free fall since it started the end of a march in November after the noise of the American elections, which saw the increase in the number of coins.
With the adoption of Blockchain technology in various real -world applications, it is worth exploring the reason for increasing the average dependence of the aliens.
RWAS Enhance ALGO
According to INTOTHEBLOCK Data62.02 % of the Puzzinmen’s adoption was 62.02 % in July – the highest since January. This monthly increase came from 32.22 % on average.
To a large extent, Algo pulled at the lowest historical monthly level of 1.82 % on June 12.
In fact, despite the side movement between March and mid -June, the user on the plane is fixed.
Source: IntTHEBLOCK
The incompatibility of the high adoption rate and the relatively flat price of the difference indicates the difference. Assuming that this trend will continue, not only may Khawarzaf face price growth, but also more involved in the ecosystem.
Under the cap
The rise in adoption can be attributed to the distinctive assets on the conquests rwa.xyz.
This represents 25.53 % during the last 30 days. This means that RWA integration operations were completely stable in the context of market fluctuations in general.
Moreover, new developments flowed.
Al -Khwarzaf Foundation newly Multiple functions, Xavov Testnet, Binance and Crypto.com have been published.
Of course, these additional functions have strengthened the network’s state utility. But will they help Algo contrary to the decline in prices?
Will Algo escape from the trap?
With these developments, it is still not certain how it can help make the price that was constantly decreased.
The ALGO’s huge decline indicates a possible reflection only if the price earns $ 0.19. Altcoin was traded at $ 0.1758 as of the time of the press, facing a triangle resistance.
Source: TradingView
The upper collapse of more than $ 0.19 will open tracks to $ 0.23, and eventually $ 0.26. If the momentum continues, it can flash $ 0.30 as the full direction.
However, failure at the heart of the resistance may lead to a height of 0.15 – 0.1560 dollars. A break below $ 0.15 can pull the price about $ 0.13.
Macd made a small boy crossing as the printed graph for green tapes was less than the neutral line. This indicates the possibility of restoring high price levels.
However, the intersection was somewhat weak, and thus the conservative momentum depended on it.
Therefore, while there are bullish capabilities, they depend greatly on the ongoing momentum, and perhaps the strongest macro wind.
