$ALGO is currently trading at 0.1791 USDT, building a neutral market structure.
With support at 0.1766 USDT and resistance at 0.1849 USDT, a range-bound strategy may be optimal.
The RSI at 47.2 confirms a lack of momentum, indicating possible hesitance from buyers.
Traders should remain cautious due to potential market influences from Bitcoin and upcoming macroeconomic events.
