NEAR Protocol and Algorand Rally Cools, Offering Dip-Buy Trades
NEAR Protocol and Algorand both saw significant one-month gains into early September—NEAR jumped around 19% and Algorand 41%—but recent data show this rally has moderated. Over the past month, NEAR Protocol is up 4.34% with a weekly gain of 4.76%, while Algorand is down 8.17% month-on-month and 1.16% over the last week. NEAR trades in a $2.00–$3.08 range, with support at $1.47 and resistance at $3.63; its RSI near 53.6 suggests neutral momentum. Algorand sits between $0.1637 and $0.3306, with support at $0.0833, resistance at $0.4171 and a neutral RSI around 51.9. Traders may consider buying the dip near key support levels or waiting for breakouts above resistance. Historical rallies in SOL and AVAX show similar rebound patterns when altcoin momentum shifts from neutral to bullish. Strict position sizing and volume confirmation remain essential. Long-term growth will depend on protocol upgrades, on-chain developments and market sentiment.
Neutral
Initial one-month rallies in NEAR Protocol and Algorand suggest bullish catalysts, but recent moderation—NEAR’s neutral RSI and Algorand’s month-on-month decline—indicates balanced momentum. Defined support and resistance levels offer short-term dip-buy and breakout trades, yet long-term trends remain unconfirmed. Traders should monitor volume and protocol updates before committing to larger positions, reflecting a neutral overall stance.