šØš¹ $ALGO /USDT BREAKS HIGHER ā KEY RESISTANCE IN SIGHT! š¹šØ
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.
š” Key Levels to Monitor:
1. Immediate Resistance: 0.1321 ā A breakout above this could signal an extended bullish move, potentially attracting more buyers.
2. First Target Zone: 0.1436 ā If ALGO surpasses the immediate resistance, this becomes the next target, indicating strong bullish continuation.
3. Support Level: 0.1177 ā This is an essential level to maintain current momentum. A dip below could suggest consolidation or a pullback phase.
ā ļø 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.