📉 $ALGO /USDT Analysis – Testing Support Levels

🔹 Current Price: $0.2399

🔹 24h High / Low: $0.2543 / $0.2362

🔹 7-Day Change: -11.54%

🔹 30-Day Change: -20.48%

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📊 Market Overview

ALGO has been in a downtrend, dropping from $0.275 to around $0.236 support. Currently, it is trying to stabilize around this key level. The order book shows a balanced fight between buyers (48.5%) and sellers (51.5%), indicating uncertainty.

If ALGO can hold the $0.236 – $0.240 zone, a short-term bounce is possible.

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🎯 Trading Plan (Short-Term)

Entry Zone: $0.236 – $0.240

Targets:

1️⃣ $0.251 (minor resistance)

2️⃣ $0.260

3️⃣ $0.275 (major resistance)

Stop Loss: $0.229 (below recent low)

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⚡ Summary

ALGO is testing a strong support. A bounce is possible if buying pressure increases, but if $0.236 breaks, further downside could follow.

👉 Not financial advice. Always use stop loss and manage risk carefully.