$ALGO shows a 7.684% gain in the last 24 hours.

Current price movement tests the upper Bollinger Band at 0.1933, indicating potential overextension.

If it breaks this level, a trend continuation may unfold towards resistance at 0.1939.

Conversely, failure to sustain above could prompt a pullback to the lower band near 0.1767, close to support at 0.1783.

Traders should set a stop-loss just below 0.1783 to manage risk.

With volatility contracting, caution is advised.

Recommended action: wait for confirmation before entering positions.

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