$ALGO

/USDT Technical Analysis and Trade Signal🚀🎯

Current Market Status:

Price: $0.3045

24h Change: +13.75%

Trend: Strong bullish momentum with the price trading near Bollinger Upper Band and above Parabolic SAR.

Technical Indicators:

1. Bollinger Bands (20, 2):

Upper Band: $0.3143

Middle Band (Support): $0.2804

Lower Band: $0.2464

Interpretation: Price near the upper band suggests an overbought condition but confirms a bullish breakout.

2. Parabolic SAR (0.02, 0.2):

Support Level: $0.2534

Interpretation: Price above SAR indicates an active uptrend.

3. Momentum: Positive momentum is evident with a strong 24h volume and a higher high on the 1D timeframe.

Trade Signal: Long Position

Entry Zone: $0.3000–$0.3050 (current consolidation zone).

Stop Loss: $0.2780 (below the Bollinger Middle Band and recent support).

Targets:

🎯 Target 1: $0.3140 (Bollinger Upper Band / Immediate Resistance).

🎯 Target 2: $0.3290 (next psychological and Fibonacci level).

🎯 Target 3: $0.3500 (major resistance from previous swing high).

Trade Momentum:

Bullish Momentum:

Price action is supported by high trading volumes and strong market interest.

Break above $0.3102 could accelerate movement toward higher targets.

Risk Factor: Monitor for rejection at $0.3143 or signs of weakening momentum (RSI divergence or low volume).

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