ALGOUSDT has been moving within a symmetrical triangle pattern, suggesting a possible breakout. Currently, the price is gaining momentum at ascending support, hinting at a potential bullish surge. However, a confirmed breakout will only happen if ALGO breaks through the triangle and the internal supply zone at $0.1458, supported by strong buying pressure and consistent momentum.
On the flip side, if bulls lose momentum and fail to breach these levels, sellers could take over. Key support to watch is $0.1111. A bounce from this level would keep the bullish outlook intact, but a break below could lead to a sharp decline.
The next move for ALGO will be critical, and maintaining a disciplined approach with proper risk management is essential in navigating this market.
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