$ALGO 🟢 Hammer Confirm at Bottom – ALGO Showing Early Signs of Reversal 🟢

ALGO is sending a promising signal as a clear hammer candle forms at the bottom of its recent decline, suggesting that sellers may be exhausted and buyers are stepping in with conviction. After an extended slide that tested key support levels, price produced a strong hammer with a long lower wick and a firm close near the session high—classic confirmation that demand is returning at these lows.

Volume expanded noticeably on this hammer formation, reinforcing the idea that this isn’t just a random bounce but a deliberate move by committed buyers defending the level. This uptick in activity often marks the early stage of a reversal as confidence starts to rebuild.

Fundamentally, ALGO continues to benefit from consistent development and strong institutional partnerships, giving long-term holders confidence to re-enter even when sentiment has been weak. This supportive backdrop strengthens the technical picture that a bottom may be in place.

The next key area to watch is the first resistance overhead, where previous rebounds have failed. A decisive breakout above that level—especially with rising volume—would confirm that the hammer was not just a temporary pause but the start of a more meaningful trend change. Even if price consolidates further first, the hammer confirms that sellers are losing their grip and buyers are willing to step in aggressively.

Right now, the message is clear: ALGO has printed a textbook hammer candle at the bottom, a powerful signal that a recovery could be underway. Keep ALGO on your watchlist—if momentum builds, this could be the beginning of a sustained move higher.