$ALGO

/USDT Technical Analysis 🎯

Price: $0.1891 (+25.31%)

Trend: Bullish momentum observed with significant price recovery.

Key Targets:

1. $0.1930: Immediate resistance. Breaking this level may confirm a continuation of the uptrend.

2. $0.2000: Psychological barrier and strong resistance. A breach here could lead to further upside potential.

3. $0.2100: Long-term target if the bullish trend persists, signaling robust market confidence.

Support Levels:

$0.1850: Closest support to watch for potential corrections.

$0.1800: Critical level to maintain bullish structure.

Market Sentiment:

ALGO remains a standout Layer 1 gainer with impressive 24h volume activity (516.93M ALGO).

Watch for breakouts or pullbacks as the market responds to volume and demand.

Trade smart, and keep an eye on these key levels!