$ALGO /USDT Market Update – 📈 +2.18%
📌 Current Price: $0.2439
📌 24H High: $0.2460
📌 24H Low: $0.2340
📌 24H Volume: 55.94M ALGO / 13.44M USDT
📊 Technical Analysis
✅ Support Levels:
$0.2380 - $0.2340 → Key support zone
🚀 Resistance Levels:
$0.2450 - $0.2460 → Immediate resistance
$0.2500+ → Potential breakout level
📉 Indicators & Trend Analysis
🔹 RSI: Neutral, slight bullish bias
🔹 MACD: Positive, but weak momentum
🔹 Bollinger Bands: Price near upper band, indicating possible volatility
📈 Trading Strategy
📌 Bearish Scenario: If ALGO drops below $0.2380, it may test $0.2340.
📌 Bullish Scenario: A break above $0.2460 could push towards $0.2500 - $0.2550.
⚠️ Risk Management:
🔹 Stop-loss: Below $0.2360
🔹 Take profit: $0.2480 - $0.2550+
🔍 Final Thoughts
ALGO is showing gradual upward momentum, but it needs a break above $0.2460 for further upside movement. Monitor volume for confirmation.
