The $ALGO is currently trading at $0.50, marking a significant milestone in its recent price movement. Over the past month, $ALGO's value has increased by an impressive sixfold, demonstrating substantial growth and volatility. However, the price reached its peak last night and has since begun to decline, indicating a potential reversal in the market trend.
A closer examination of the hourly chart reveals a decline, followed by a rebound, and then another decline. This pattern suggests that the market is experiencing a correction after the surge. Furthermore, the 4-hour candlestick also indicates downward momentum, reinforcing the notion that the market is shifting toward a bearish trend. Sell right now before it's late.
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