🚀 Technical Analysis for ALGO/USDT: 3 Key Targets to Watch 📊
The ALGO/USDT pair has been experiencing a strong bullish momentum recently, currently trading at $0.2229, up +22.00% in the past 24 hours. Here’s a quick breakdown of the key levels to keep an eye on for the next potential moves.
1. First Target: $0.2317 (24h High) 🎯
ALGO has recently reached a high of $0.2317, which could act as the first resistance level. If the price manages to break this level, we might see further bullish continuation. Traders should monitor for any price consolidation around this level before making further entries.
2. Second Target: $0.2500 🎯
A significant psychological resistance level sits at $0.2500. If the bullish trend continues, this level will likely be tested as a next hurdle. Watch for a potential breakout or rejection here.
3. Third Target: $0.2800 🎯
The next substantial resistance lies around $0.2800, where price action could encounter significant selling pressure. A break above this level could signal a new bullish phase for ALGO, potentially driving the price higher toward the next key resistance zones.
Support Level: $0.2113 (SAR Indicator) 📉
On the downside, the SAR (Stop and Reverse) indicator suggests support around $0.2113. If the price starts pulling back, this level could act as a strong area for buying pressure to enter.
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