Algorand (ALGO) and Ondo (ONDO) Now Available for Trading on Robinhood in Europe

Robinhood has expanded its asset offerings in Europe, introducing Algorand (ALGO) and Ondo (ONDO) for trading. This move broadens investment opportunities for European users, enabling them to engage with these cryptocurrencies on a well-known platform.

European users of the well-known trading platform Robinhood can now trade Algorand (ALGO) and Ondo (ONDO) as the company has expanded its asset offerings. This move provides traders with additional investment options, enabling them to engage with these cryptocurrencies on a single platform.

As both ALGO and ONDO demonstrate mixed trends in the short term, market participants are closely monitoring their price movements.

A new batch of assets is now available to trade in Europe. Specifically, you can now trade ALGO and ONDO. Visit the links below to learn more about these new assets.

Algorand (ALGO) Price Analysis – Intraday Uptrend and Pullback Observed

ALGO's current price is $0.2880, indicating a 1.24% increase over the last 24 hours. The asset began the day on a positive note, surging to a daily high of approximately $0.305 before undergoing a pullback.

The asset's market capitalization increased by the same percentage as the price, while trading volume decreased by 8.08%, reaching $152.15 million. Despite the price uptick, the reduced volume suggests a slight slowdown in buying and selling activity.

Key ALGO Price Levels to Watch – Support and Resistance Zones

Several crucial price levels are currently influencing ALGO's movement, dictating its potential direction. The immediate support is positioned at $0.2846, which marks the intraday low.

If the price continues to decline, it may encounter support at the psychological level of $0.2800, where buying interest could emerge. A deeper pullback might push the asset toward the $0.2700 level if selling pressure intensifies.

On the upside, ALGO faces resistance at $0.2950, where it previously struggled to gain momentum. The key hurdle remains at $0.3050, the highest point reached in the last 24 hours. A breakout beyond this level could trigger further bullish momentum, with the next resistance target at $0.3150.

ALGO Market Outlook – Consolidation or Further Decline?

The market sentiment for ALGO suggests a period of consolidation following the recent uptrend. If the asset manages to hold above $0.2846, it may attempt another move toward the $0.2950–$0.3050 range. However, a break below this support could lead to further declines, testing lower price levels.

Ondo (ONDO) Price Analysis – Stabilization After Failed Breakout

Ondo (ONDO) is currently priced at $1.33, indicating a modest 0.18% gain in the last 24 hours. Despite the minor increase, the market cap remains stable at $4.21 billion. Trading volume has declined by 10.46%, now at $346.39 million.

The price chart shows that ONDO surged to an intraday peak near $1.40 before gradually retreating and stabilizing.

ONDO Key Price Levels – Support and Resistance Zones Defined

Several key price levels offer insight into ONDO's potential movement. The nearest support is at $1.3326, the lowest point in the last 24 hours.

Should the price drop further, it may encounter support at $1.30, a psychological level where buyers could step in. A stronger decline might send the asset toward $1.28, a lower support zone.

On the upside, resistance is positioned at $1.36, where previous gains lost traction. The primary resistance remains at $1.40, marking the daily peak. A successful break above this level could push the asset toward $1.45 if bullish momentum sustains.

ONDO Market Outlook – Consolidation Prevails for Now

The current market outlook for ONDO suggests consolidation as the price stabilizes after failing to sustain gains near $1.40.

If the asset maintains support above $1.3326, it may attempt to reclaim higher levels. However, a drop below this threshold could result in further declines toward $1.30 or lower.

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