$ALGO Algorand Bullish Round Bottom ๐๐ | Momentum Reset & Accumulation Signs Building ๐๐ฅ
๐ฎ Algoโs chart is showing a classic round bottom formation โ a powerful reversal signal after a deep cooldown ๐ฅถโก๏ธ๐ฅ. This structure often precedes strong breakout signals once accumulation completes ๐ฆ๐.
๐ Technicals are flashing early strength:
RSI flattening and curling upward ๐ฏ๐โก๏ธ๐, showing momentum shifting from sellers to buyers.
MACD nearing a bullish crossover ๐๐ โ a key sign that momentum may ignite soon.
Volume spikes are appearing gradually ๐ฅ๐, suggesting accumulation rather than distribution.
๐ณ On-chain tells a similar story:
Exchange balances dropping ๐๐ฆ โ tokens moving off exchanges, hinting at long-term conviction.
Whale accumulation underway ๐ผ๐ โ smart money is scooping quietly.
Wallet growth steady ๐๐, signaling renewed community confidence.
๐ฌ Social sentiment is warming up slowly ๐ฅ๐ข. While hype isnโt at peak levels yet, this low-key accumulation phase is often where smart money loads before retail catches on.
โ ๏ธ Still, market uncertainty remains โ a failed breakout could trap impatient traders. Manage risk carefully, as patience pays off โฑ๏ธ๐ฐ with round bottom setups.
If momentum holds, Algo could break resistance and confirm the bullish reversal pattern ๐๐. From here, the next leg up could surprise many watching from the sidelines. ๐๐ฅ
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐
