🚨$ALGO ALGO/USDT DROPS -12.54% – Time to Rebound or Further Decline? 🚨

$ALGO is currently trading at $0.2651, down 12.54% after a sharp pullback from its recent high of $0.3290. The retracement is raising questions about whether it’s a temporary dip or a signal for further downside.

💡 Key Levels to Watch:

Resistance: $0.3290 – Reclaiming this level could reignite bullish momentum, with potential targets at $0.3400.

Support: $0.1764 – If the decline continues, this level will be crucial to prevent further sell-off.

📈 Bullish Scenario:

If $ALGO can find support at $0.2650 and hold steady, a bounce back toward $0.3000 is possible, targeting the previous high of $0.3290.

📉 Bearish Risk:

A break below $0.2500 could lead to further retracement, with the next support at $0.2000, providing potential re-entry points.

⚠️ Pro Tip:

Watch for volume signals—low volume could indicate consolidation, while a surge in volume might confirm the next big move.

What’s your strategy for $ALGO? Rebound play or wait for a deeper correction? Let’s track the action closely!

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