$ALGO Breakdown or Bounce Incoming?
ALGO is slipping after rejection from the $0.2850–$0.2900 resistance zone. Price is now testing a key demand level near $0.2790, which aligns with the prior breakout zone. A strong breakdown here could trigger a deeper pullback, while a bounce might spark a short-term recovery.
Key Zones
Resistance Levels:
• $0.2850 – Minor bounce zone
• $0.2900 – Intraday rejection top
Support Levels:
• $0.2790 – Immediate support
• $0.2685 – Last demand base
Trade Setup
Bullish Bias: If price reclaims $0.2850
• Target 1: $0.2900
• Target 2: $0.2950
Bearish Bias: If $0.2790 breaks on strong volume
• Target 1: $0.2700
• Target 2: $0.2685
Current structure favors caution — watch for price action confirmation before jumping in.