$ALGO Gains Momentum After Key Breakout!
Is 2x possible?
🔥 ALGO is making waves this week with a 20% surge, breaking out of a falling wedge pattern on the 8-hour chart. Here's why it’s catching investors' eyes:
📈 Bullish Setup:
Trading above the 100-period MA, showing strong upside potential.
Resistance targets:
$0.472 (+14%)
$0.530 (+28%)
$0.600 (+45%)
💡 Market Dynamics:
Bitcoin dominance drops below 57%, fueling altcoin rallies.
Increasing trading volumes and strong RSI at 63 show growing buying pressure.
👀 Keep an eye on ALGO! With this momentum, it could reach new heights in early 2025.
🔔 DYOR and trade wisely after research