📈 ALGO/USDT Spot Analysis – 16 July 2025

🔹 Current Price: $0.2739

🔹 Structure: Higher Low & Bullish Reversal

🔹 Key Support: $0.1495

🔹 Upcoming Resistance Levels:

$0.2612 ✅ (Breakout Confirmed)

$0.2978

$0.4956

$0.5243

Major Target: $0.5743+

🟢 Technical Overview:

ALGO has clearly made a Higher Low after following a downtrend for a long time, and has now entered a bullish structure. As can be seen in the chart, it has reversed from the $0.15 – $0.27 zone several times, indicating strong accumulation.

📌 Trend Shift Confirmation:

Downtrend broken

Higher low + bullish engulfing candle

Multiple bounce signals at green arrows (support)

📈 Trade Setup (Not Financial Advice):

📥 Entry: $0.25 – $0.28

🎯 Short-Term Targets: $0.30 / $0.50 / $0.57

🛡️ Stop Loss: Below $0.24 (structure invalidation)

📌 Conclusion:

The ALGO/USDT chart shows a strong trend reversal and bullish continuation signal. If there is no bearish news, then there is a good chance of a move towards $0.50+.

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