$ALGO $ALGO
ALGO/USD Technical Analysis đ
ALGO is trading around $0.1595, and the chart is showing key levels and opportunities. With support positioned at $0.1500, this zone has proven resilient, acting as a critical base. On the upside, resistance at $0.1650 will be a key hurdleâif broken, we could see a push towards $0.1750, where momentum may accelerate.
Entry Strategy: A conservative entry could be set around $0.1550 if ALGO dips, aiming to capitalize on a bounce from support. For a bullish breakout, consider entry above $0.1650 with a target range of $0.1750 to $0.1800.
Technical indicators hint at oversold conditions, while the Relative Strength Index (RSI) around 40-45 suggests a potential rebound. Traders should watch for volume spikes to confirm any move. Keep a close eye on these levels to capture the next price wave in ALGO/USD. đ
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