$ALGO /USDT Market Analysis 📊

Algorand is currently trading around $0.2672, showing a modest +1.40% recovery after touching a low of $0.2528 and facing resistance near $0.2826. The price structure suggests that ALGO is consolidating within a short-term range, and a breakout above $0.283 could open doors toward $0.295–$0.30. However, failure to hold $0.257–$0.252 may trigger a pullback toward $0.245.

Trade Setup

Entry (Long): $0.263 – $0.268

Stop-Loss: $0.252

TP1: $0.283

TP2: $0.295

TP3: $0.305

Risk management is key as ALGO remains range-bound with potential for both breakout and rejection scenarios.

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