$ALGO / USDT – Neutral to Bullish Momentum

Price is currently finding support around $0.252–$0.253, which coincides with the 61.8% Fibonacci retracement, while resistance sits near $0.256–$0.257 based on recent swings.

Fibonacci Levels:

After breaking above the short-term 23.6% retracement, $ALGO is now trading between the 61.8% (~$0.2536) and 78.6% (~$0.2558) levels. These zones will be important to watch for either a continuation of upward momentum or a potential pullback.

Momentum/RSI:

Currently around 49.2, $ALGO is in neutral territory—neither overbought nor oversold—meaning there’s room for movement in either direction.

Entry Zones:

Safer Entry: $0.252–$0.253 near strong Fibonacci support and a consolidation area.

Aggressive Entry: Around $0.250 or slightly below, for traders ready to buy dips toward the psychological support level.

Take-Profit Targets:

TP1: $0.257–$0.258, just below immediate resistance and the next Fib zone.

TP2: $0.29–$0.31, mid-term targets if bullish momentum continues, possibly aligning with head-and-shoulders breakout projections.

Stop-Loss Ideas:

Conservative: Just below $0.252, under the current support and Fib confluence.

Tight: Below $0.250, limiting downside risk if support fails.#Write2Earn