*š ALGO Breakout Brewing? Double-Bottom + Momentum = Eyes on the Prize! š„š*
ā
š *Current Price:* *0.1724* (-6.04
Algorand is cooling off short-term, but the setup points to a high-probability breakout if momentum returns soon.
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š *Trending Signals:*
ā *Double-bottom* around0.152 = bullish reversal base
š *MACD:* Flashing early buy signals
š *RSI:* Rebounding off oversold zone (~40s)
š Price nearing key moving average resistance ā 50 EMA at 0.1897
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šÆ *Targets to Watch:*
- *TP1:*0.2042 (100-day EMA)
- *TP2:* 0.2192 (200-day EMA)
- *Breakout Zone:*0.2598
- *Moonshot Target:* 0.3665
- *Support:*0.160ā0.152
- *SL:* Below0.150 (pattern invalidation)
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š® *Prediction & Analysis:*
ALGO is in accumulation mode with multi-chain upgrades backing its fundamentals. A confirmed breakout above 0.1897 could fuel a strong rally toward0.22ā$0.26 and beyond. Watching volume and breakout candles closely will be key. Momentum traders should stay sharp šā”
This could be the calm before the pop. š„
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