Signal Summary: Buy vs Short – Where is the best entry?
1. General Technical Sentiment
Investing.com gives a Strong Sell signal for ALGO, with all technical indicators and moving averages indicating strong selling pressure.
TipRanks also categorizes ALGO as Strong Sell, although some oscillators (such as MACD, Williams %R, CCI) show Buy or Neutral signals.
2. Key Support & Resistance
Binance Square (1-hour analysis) mentions the trend is bearish:
Resistance: $0.290–0.294
Support: $0.280–0.275
Blockonomi (May 2025) shows strong support in the $0.215–$0.20 zone, bouncing towards $0.26 if it holds. If it breaks down, it could drop to $0.18.
Blockchain.News (July 30, 2025) mentions a key pivot at $0.26, strong support at $0.21 and $0.15; resistance at $0.34. A break above $0.27 could open the way to $0.34.
AMBCrypto (Feb 2025) highlights strong support at $0.28 (protected by EMA 200), and potential rebound up to $0.45 if the price can hold above $0.315.
CoinMarketCap Academy states that the old resistance (zone $0.27–$0.32) has now become support—if it holds, an upside to $0.61 could be achieved.
3. Community Sentiment & Whale Activity
At the beginning of 2025, there were comments that ALGO was at a “critical support level” during the altcoin market downturn, but no specific price level was mentioned.
Whale analysis: there is a mysterious wallet holding a large portion of the supply (5–6%), suspected to belong to UpBit. This indicates an ownership structure that could impact if they start moving large amounts.
Strategy Recommendations
Scenario Trading Recommendation
Buy Consider buying if ALGO holds above the $0.27–$0.32 zone (important support). Potential target: $0.34, then $0.45–$0.61 if bullish momentum continues.
Scalp Bounce If the price touches $0.175 and shows a bounce, short-term scalping towards the upper resistance channel could be considered.