$ALGO
๐จ๐จ ALGO Might Dump โ Big Sellers at Market ๐ฃ๐ฃ
๐ ALGO is flashing major warning signs on the chart right now. What looked like a relief bounce is turning into another classic bull trap. The momentum is fading fast, and behind the scenes, big sellers are loading the pressure. If you're not watching closely, you might get caught in the fallout. ๐๐
๐ Letโs talk technicals. ALGO is stuck under a strong resistance zone, and every attempt to break out has been slapped down. RSI is weakening near the 50 mark, showing a lack of strength from buyers. MACD? It's flirting with a bearish cross again. The volume profile tells the real storyโbuy volume is drying up, while sell volume is growing with every red candle. ๐ฅถ๐ฅถ
๐งฑ The current structure shows a lower high pattern, and if the support below breaks, it could trigger a sharp cascade. Thereโs not much holding it up after that. Watch these key levels: โ $0.172: immediate support
โ $0.165: panic sell zone
โ $0.150: deeper correction territory
๐ฅ Zooming out, this price action has played out again and again. A short squeeze or pump brings hope, then the sell walls crush it. The overall market is shaky, and ALGO isn't immune. With BTC and ETH also under pressure, altcoins like ALGO usually feel the brunt of the dump even harder. ๐ช๐ช
๐ผ Whales arenโt supporting this move. On-chain data shows steady outflows and larger wallets distributing, not accumulating. Thatโs never a bullish sign. Retail might be buying the top again while smart money exits quietly. ๐ท๐ท
๐ Unless ALGO breaks above $0.185 with strong volume, this is likely just a pause before another leg down. The pattern is clear: temporary optimism, followed by sharp rejection and fresh lows.
๐ป Bottom line? ALGO might dump โ and it might dump hard. The current bounce isnโt convincing, and big sellers are dominating the flow. Be cautious, donโt get baited by small green candles. Wait for confirmation, or risk riding it down.
๐ Stay sharp. This market doesnโt reward late exits.