๐จ $ALGO /USDT โ Layer 1 Breakout Brewing? Or Just a Relief Pump? ๐ฅ
$ALGO has surged +12.18%, reclaiming key levels and nearing the $0.31 mark. With high volume and solid momentum, is this the start of a bigger move?
Letโs break it down ๐
๐ Market Overview
๐ Current Price: $0.2882
๐ 24h High: $0.3100
โ๏ธ 24h Low: $0.2528
๐ Parabolic SAR: Likely flipped bullish near $0.265
๐ MACD Momentum: (Trend bias is bullish from MA alignment)
MA(7): $0.2818
MA(25): $0.2749
MA(99): $0.2354
โ Price is trading above all key moving averages = strong upside momentum
โ Volume: 261.22M ALGO / $72.95M USDT = strong participation
๐ ALGO Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If ALGO Holds Above $0.2850):
Entry: Above $0.2900
Targets: $0.3100, $0.3250, $0.3450+
Stop-Loss: $0.2730
๐น Bearish Scenario (If ALGO Breaks Below $0.2730):
Entry: Below $0.2730
Targets: $0.2520, $0.2360, $0.2100
Stop-Loss: $0.2900
๐ Should You Hold or Sell?
โ Trading above MA(7), MA(25), and MA(99) = clear bullish bias
โ Strong Layer 1 interest + high liquidity = positive signals
โ ๏ธ Rejection near $0.31 could bring short-term cooling
๐ก Pro Tip:
๐ A confirmed breakout above $0.3100 could launch ALGO toward $0.345+
โ ๏ธ Watch for price holding $0.285 on pullbacksโbreak below could invalidate momentum
๐ข Are you long on ALGO or waiting for a retest? Drop your thoughts below!
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