Buddies $ALGO is bouncing back with strong bullish momentum, currently trading at $0.2583, showing a notable +8.90% gain in the last 24 hours.
After forming a solid base at $0.2234, the price rallied above short-term moving averages and broke past the EMA(99) resistance at $0.2514. Trading volume has increased significantly, indicating renewed interest and potential for trend continuation.
š Trade Setup for Spot & Futures
Trade Type: Long
Entry Zone: $0.2500 ā $0.2580
Stop Loss: Below $0.2390
Take Profit Targets:
šÆ TP1: $0.2680
šÆ TP2: $0.2790
šÆ TP3: $0.2880
š Market Insight
ā RSI(6): 74.47 ā showing strong bullish momentum, nearing overbought territory
ā EMA(7) > EMA(25) ā Bullish crossover confirms short-term trend reversal
ā Volume spike ā confirming buyers are stepping in with conviction
ā Price has broken above EMA(99) ($0.2514), indicating possible start of mid-term uptrend
ā Higher low formation ā suggesting accumulation breakout phase
š·ļø #ALGO #altcoins #cryptotrading #BreakoutAlert #TechnicalAnalysis