๐ท $ALGO Falls Below $0.24 โ Holding the Line at $0.234?
๐ฐ Price: ~$0.2372 (โผ 4.4%)
๐ Range: $0.2343 โ $0.2488
๐ธ Volume: ~$85M | Market Cap: ~$2.07B
๐ Weekly: โ8.6% | 30D: +35% | YTD: +90%
๐ง My Take:
Price is testing the key support zone at $0.234โ$0.237. Defense here is crucialโholding may lead to a bounce toward $0.259. If that fails, bears may drive ALGO toward $0.21 or lower.
๐ฏ Target: $0.259โ$0.273 (recovery bounce)
๐ก๏ธ Support: $0.234โ$0.237 (pivot), $0.21 secondary, $0.15 long-term
