$ALGO ALGO/USDT Technical Analysis – Price Action & Targets 🎯
🚀 Current Price: 0.3956 USDT (Rs 110.25)
🔼 24h Change: +14.87%
📈 24h High: 0.4097 USDT
📉 24h Low: 0.3404 USDT
As we see ALGO/USDT showing bullish momentum, here’s a breakdown of the current technical setup and potential price targets:
📊 Key Levels:
Support: 0.3853
Resistance: 0.4109
The market has already bounced off a significant support level at 0.3853, with a clear push towards the current resistance zone near 0.4109.
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🎯 Target 1: 0.4097 USDT
This is the 24-hour high, and we are seeing strong bullish momentum in this range. A breakout above this level would confirm a continuation of the bullish trend.
🎯 Target 2: 0.4190 USDT
A solid upward push could target the next resistance zone at 0.4190. A key level where the market could encounter some consolidation.
🎯 Target 3: 0.4300 USDT
A breakout beyond 0.4190 might push ALGO towards the 0.4300 region. If the momentum holds, this could be the next major upside target for traders.
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💡 Key Indicators:
Volume: 184.86M ALGO traded in the last 24 hours, indicating strong market participation.
Moving Averages: MA (5) = 1,065,027 | MA (10) = 1,068,487, signaling stable short-term trends.
🔔 Conclusion:
ALGO/USDT is showing a strong upward trend. Traders should monitor the key levels at 0.3853 (support) and 0.4109 (resistance). A breakout above 0.4109 could pave the way for further gains, with targets of 0.4190 and 0.4300 in focus.
Stay tuned and trade wisely on Binance!
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