$ALGO ALGO is considered an excellent cryptocurrency, especially since its investors in the U.S. are exempt from taxes on it, which enhances its appeal.

As shown in the 4-hour chart, there is a strong bullish candle, indicating a potential upward reversal. This type of candle is often seen as a signal of a possible trend reversal, strengthening the case for entering a trade.

If the price continues to rise after this candle, it could present a good short-term investment opportunity.