That $ALGO chart is looking pretty spicy!
We've seen a solid bounce off that $0.2124 area which acted as nice support. The volume on this latest leg up is decent, confirming the move.
Current resistance is around $0.2455, the 24h high. We're getting close to retesting that. If we can break and hold above there, next target is probably around $0.26-$0.27.
On the flip side, if we reject from here, I'd be watching the $0.23-$0.235 zone for a potential retest as new support.
Overall, looking bullish for now, but always gotta be ready for anything in this market!
