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ALGO/USDT Inverse H&S Pattern: $ALGO
⚠️ Warning:
Strong Resistance Ahead at $0.30 Level!
If the price is rejected from $0.3 level, a 50% retracement is possible.
However, an Inverse H&S Pattern is also emerging, suggesting that the best accumulation zone might be around the right shoulder at $0.160-$0.180.
If this pattern comes to fruition, a 15x target could be expected in the near future!
Another scenario to keep in mind:
If the resistance breaks, we could see a super bullish move towards $2 (10x)!
Overall, the market is bullish, so try to accumulate at every big dip in the spot.
Algorand is already up 200% from the recent bear market bottom.
Fundamentals: Over 30 million transactions completed in less than 24 hours on #Algorand
#ALGO started this year with 2k TPS sustained for hours. It is now a few hours into the Juicening, and Algorand is still on top.
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