Technical Analysis - ALGO/USDT (15m Chart)

Price: $0.2875 (+3.42%)

Support: $0.2583

Resistance: $0.2952

Moving Averages:

MA(7): $0.2882 (slightly above price, resistance)

MA(25): $0.2861 (acting as support)

MA(99): $0.2778 (long-term support)

Trend:

Short-term uptrend with slight consolidation.

Price pulling back after testing resistance near $0.2952.

Volume: Decreasing, suggesting a possible slowdown in momentum.

Key Levels: A breakout above $0.2952 could indicate further bullish movement, while a drop below $0.2808 may signal weakness.

Outlook: Bullish bias, but needs higher volume to sustain momentum.