$ALGO

/USDT Technical Analysis 📉📈

The ALGO/USDT pair has experienced a strong upward momentum recently, reaching a notable price of $0.3732, showing a +27.90% increase. Here's a closer look at the key technical levels to watch in the coming hours:

Current Price: $0.3732 (+27.90%)

Target 1 🎯: $0.3816

This level marks the 24-hour high and represents a strong resistance. A breakthrough could signal further bullish momentum.

Target 2 🎯: $0.4000

A solid psychological resistance point. If ALGO holds above $0.3816, the next major target could be $0.4000, where we might see increased buying pressure.

Target 3 🎯: $0.4200

If momentum continues and ALGO surpasses $0.4000, $0.4200 would be the next target. This level aligns with previous price action and can act as a strong resistance zone.

Key Support Levels:

$0.3600: Recent low point, crucial to watch for potential retracements.

$0.3400: Strong support zone, acting as a safety net if the price dips further.

With increasing volume and a bullish trend, ALGO/USDT could be setting up for more upside. Always ensure to set stop losses and stay informed with the latest price action!