$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.
