🚹đŸ’č $ALGO /USDT BREAKS HIGHER – KEY RESISTANCE IN SIGHT! đŸ’č🚹

BTC
Created with Highcharts 9.1.1
0,271
-1.66%

ALGO/USDT is trading at 0.1319, boasting a strong 6.29% gain. This significant upward move positions Algorand near critical levels that could determine its next momentum phase.

💡 Key Levels to Monitor:

1. Immediate Resistance: 0.1321 – A breakout above this could signal an extended bullish move, potentially attracting more buyers.

2. First Target Zone: 0.1436 – If ALGO surpasses the immediate resistance, this becomes the next target, indicating strong bullish continuation.

3. Support Level: 0.1177 – This is an essential level to maintain current momentum. A dip below could suggest consolidation or a pullback phase.

⚠ Trader's Insight: Keep an eye on trading volume as ALGO nears 0.1321. A strong breakout with volume could propel the price toward 0.1436, while a failure may lead to a retracement to the 0.1177 support level.

#ALGO #Algorand #CryptoUpdate #Binance #TechnicalAnalysis