Charting the Comeback: ALGO’s Hidden Bullish Narrative
ALGO is quietly coiling at a critical monthly support, showing signs of accumulation after a prolonged downtrend. The recent breakout from a falling wedge on the 1M chart suggests the bulls might be warming up for a powerful reversal.
Key Highlights:
Current Price: $0.2287
Support Zone: Holding firm above $0.1657
Target Zone: $0.7626 (+370% from current levels)
Monthly Structure: Potential double bottom with increasing volume
Macro Context: Volume climax + structure break = potential trend reversal
If ALGO pushes past $0.27 with conviction, it could ignite a rally toward the $0.76 level — a massive move for patient holders and calculated swing traders.
TA Summary:
Long-term structure + bullish wedge breakout = high R:R opportunity
Not Financial Advice. Just catching coins with precision.#ALGO