🔄 $ALGO Pulls Back After Local High — Healthy Correction or Trouble Brewing?

After hitting a local top at $0.3362, #ALGO is now trading around $0.2711, down 4.34% in the last 24h. A cooling off period is in full swing — but it’s not all bad news.

📊 What the chart says:

• Price is hovering just above the MA(7) at $0.2704 — a key short-term support

• MA(25) and MA(99) are still trending upward, showing broader bullish structure remains intact

• Volume is cooling down, suggesting selling pressure is not aggressive (yet)

📌 Levels to Watch:

• Support: $0.2538 (MA25) and $0.2158 (MA99)

• Resistance: $0.29–$0.31 zone needs to be reclaimed for a move higher

This dip could be a higher low in a larger uptrend — but losing MA(25) might open the door to deeper downside.

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