๐ ALGO Breakout in Progress! ๐ Retest at Key Support Zone! ๐ฅ
(Algorand) is showing strong bullish potential after breaking out of a falling wedge pattern on the daily timeframe!
Now retesting the $0.20 level โ a crucial support zone for the next leg up! ๐
๐ Technical Snapshot:
โ Falling wedge breakout โ classic bullish reversal signal
โ Retesting $0.20 support zone โ holding strong so far
โ Volume building โ momentum is on the rise
๐ฏ Bullish Targets Ahead:
โก๏ธ $0.24 โ Immediate resistance
โก๏ธ $0.30 โ Strong continuation level
โก๏ธ $0.40 โ Mid-term bullish goal
โก๏ธ $0.50 โ Major breakout zone!
Watch for a strong bounce with volume to confirm the move.
ALGO has a history of fast rallies once momentum kicks in!