$ALGO

ALGO/USDT Technical Analysis – Price Action & Targets 🎯

🚀 Current Price: 0.3956 USDT (Rs 110.25)

🔼 24h Change: +14.87%

📈 24h High: 0.4097 USDT

📉 24h Low: 0.3404 USDT

As we see ALGO/USDT showing bullish momentum, here’s a breakdown of the current technical setup and potential price targets:

📊 Key Levels:

Support: 0.3853

Resistance: 0.4109

The market has already bounced off a significant support level at 0.3853, with a clear push towards the current resistance zone near 0.4109.

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🎯 Target 1: 0.4097 USDT

This is the 24-hour high, and we are seeing strong bullish momentum in this range. A breakout above this level would confirm a continuation of the bullish trend.

🎯 Target 2: 0.4190 USDT

A solid upward push could target the next resistance zone at 0.4190. A key level where the market could encounter some consolidation.

🎯 Target 3: 0.4300 USDT

A breakout beyond 0.4190 might push ALGO towards the 0.4300 region. If the momentum holds, this could be the next major upside target for traders.

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💡 Key Indicators:

Volume: 184.86M ALGO traded in the last 24 hours, indicating strong market participation.

Moving Averages: MA (5) = 1,065,027 | MA (10) = 1,068,487, signaling stable short-term trends.

🔔 Conclusion:

ALGO/USDT is showing a strong upward trend. Traders should monitor the key levels at 0.3853 (support) and 0.4109 (resistance). A breakout above 0.4109 could pave the way for further gains, with targets of 0.4190 and 0.4300 in focus.

Stay tuned and trade wisely on Binance!

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