$ALGO

Algo/Usdt

Looking at your ALGOU/USDT 15-minute chart, here's a quick breakdown of the current situation:

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Current Price: $0.1891

Change: +2.66%

24h High: $0.1974

24h Low: $0.1769

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EMA Positions

EMA(7) = 0.1911 (above price)

EMA(25) = 0.1894 (around current price)

EMA(99) = 0.1842 (below price)

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Price Action Summary

ALGO had a strong uptrend, hitting $0.1974, then pulled back.

It's now testing support near EMA(25).

EMA(7) has crossed below EMA(25) — short-term bearish signal.

Volume is decreasing, showing weakening momentum.

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What to Watch For

If it holds above 0.1890 – 0.1894 and volume picks up, a bounce is possible.

But if it breaks below 0.1890 and especially below EMA(99) at 0.1842, the trend may shift more bearish.

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Trade Idea Possibilities

Bullish Reversal: Wait for a bullish candle near current level with increasing volume.

Short-term Short: If it breaks below 0.1890, next support could be around 0.1840 – 0.1815.