On $ALGO we see large green clusters, which indicates huge market purchases. The entire volume is concentrated in a narrow range of $0.10-0.125

It is interesting that in 365 days only in July there were purchases that were able to stop the fall and even led to an increase in prices by 55% and 23%.

The cumulative delta shows the moment when sales changed to purchases:

It is clearly visible how sales increased, and after a month of market purchases the picture changed dramatically. At the moment, buyers dominate.

Analysis of the order book shows that the limit volume for purchases has been growing for a long time. What is most important is that the difference between the volumes for buying and selling is becoming larger.

At the beginning of the chart you can see the moment when the trend for limit purchases began. Asterisks indicate when the BID/ASK difference stood out the most.

A large limit player appears every time at the $0.99 level from which the price immediately receives a reaction (growth)

This could definitely be a manipulation of opinion, but as long as the price reacts to a given volume in the order book, we can use this to our advantage.

FORECAST:

At the level of $0.11 there is a POC point - this is the maximum trading volume in the range of $0.10 -0.13.

Serious resistance is VAH at $0.125. Now the price is in a very narrow range. If we overcome this level, we will enter a wider trading area.

Upon entering a wider trading area, we will face a sharp impulse at 0.21. The yellow arrow marked the upper level of the empty area of ​​the range $0.125 - $0.21. In the area highlighted “on the screen” there is no volume and strong resistance for the price.

This picture shows both the local situation, which we discussed above, and the global trading range. Movement could be around 78%

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