#ALGO Current Snapshot (as per chart):
Price: $0.1865 (down -1.95%)
Indicators:
Bollinger Bands:
Upper Band (UP): $0.2443
Middle Band (MB): $0.2108
Lower Band (DN): $0.1774
Volume: Slightly above average on red candles (seller dominance).
RSI (6): 30.94 → approaching oversold zone.
Short-Term Forecast (Next Week):
Bearish to Neutral Bias unless there’s a confirmed reversal signal.
Scenarios:
Bearish Continuation:
Break below $0.1774 (lower BB and key support) → next support is around $0.165–$0.160.
RSI would likely drop below 30 confirming strong oversold pressure.
$ALGO Bullish Reversal Attempt:
If bulls defend $0.177 successfully and volume increases on green candles:
Resistance levels to watch: $0.190, then $0.2108 (middle Bollinger band and recent moving average resistance).
Summary:
Bias Target Levels Key Indicators
Bearish $0.177 → $0.165 RSI ~30, price below mid-BB
Reversal $0.190 → $0.210 RSI bouncing, defense of support
📉 Probability currently favors a slight continuation to downside, with a potential bounce near the $0.177–$0.180 support range.
