🚀 ALGO Breakout in Progress! 📈 Retest at Key Support Zone! 🔥
(Algorand) is showing strong bullish potential after breaking out of a falling wedge pattern on the daily timeframe!
Now retesting the $0.20 level – a crucial support zone for the next leg up! 🔍
📊 Technical Snapshot:
✅ Falling wedge breakout – classic bullish reversal signal
✅ Retesting $0.20 support zone – holding strong so far
✅ Volume building – momentum is on the rise
🎯 Bullish Targets Ahead:
➡️ $0.24 – Immediate resistance
➡️ $0.30 – Strong continuation level
➡️ $0.40 – Mid-term bullish goal
➡️ $0.50 – Major breakout zone!
Watch for a strong bounce with volume to confirm the move.
ALGO has a history of fast rallies once momentum kicks in!