📉 $ALGO /USDT: Key Technical Levels on the Horizon 🚨
ALGO is currently trading at $0.4296, showing a 5.40% intraday recovery. However, the chart highlights a clear downtrend resistance line, with selling pressure at higher levels.
🔍 What’s Next?
A rejection near the $0.43–$0.44 zone could trigger another leg down, as indicated by the red arrow. If support around $0.40 fails, a move towards $0.38 or lower is possible.
⚠️ Traders Beware:
Watch for a breakout above the trendline for bullish confirmation.
Maintain stop-losses and secure profits at critical levels.
💡 Short-term traders: Stay cautious while monitoring volume and support zones closely.