Recently, a giant whale transferred 86.5 million ALGO (worth 21.6 million USD) to Kraken, instantly igniting market attention! Large funds flowing into exchanges bring potential selling pressure, and investor caution is evident.

However, ALGO is not without a way out. The daily chart shows that it is consolidating in a triangular flag, with support at $0.2200 and resistance at $0.2607. Once it breaks through, it could hit a high of $0.2993! Futures data shows that whales still control the market rhythm, and any momentum acceleration could amplify volatility.

At the same time, liquidation data indicates that long positions face greater pressure than short positions, with long liquidations at $728,000 and short liquidations at only $283,000, which means upward momentum is still present. In the short term, as long as buyers hold the key support, a rebound for ALGO is expected, with a breakthrough just around the corner! #山寨季将至？