🚀 $ALGO /USDT – Consolidation Before the Next Move!
ALGO is currently trading at $0.2726, holding a solid +3.41% gain for the day. After testing the 24H high at $0.2826, the price faced rejection, forming a strong resistance zone that bulls need to reclaim.
📍 On the downside, the market has built strong support around $0.2640 – $0.2660, where buyers have stepped in aggressively. The 24H low at $0.2528 acts as a major demand zone and a safety net for any deeper pullback.
⚔️ Resistance is clearly stacked between $0.2775 – $0.2826, and a decisive breakout above this range could fuel momentum towards $0.2900 – $0.3000 in the short term. Until then, sellers will try to keep control below $0.2775.
🎯 Entry Strategy: Smart traders can look for entries around $0.2700 – $0.2680, close to support levels, while maintaining a stop-loss below $0.2525 for risk protection.
💡 A breakout above $0.2826 would be a strong bullish signal, confirming continuation and inviting fresh liquidity into ALGO. On the flip side, losing $0.2640 could trigger a retest of the $0.2528 support zone.
🔥 The chart shows a healthy consolidation after an upward push, making this a potential high reward setup if support continues to hold. Keep a close eye—ALGO’s next big move may just be around the corner!
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