- ALGO forms a double bottom pattern at $0.91.
- Bullish divergence spotted in RSI amid a double bottom.
- ALGO faces resistance at the 50-day EMA.
- Recent dip sees ALGO below the $0.10 mark, closing at $0.0934.
- Sideways market trend with ALGO showing potential for a bounce.
- Double bottom pattern emerges with strong support at $0.091.
- Current ALGO price: $0.0965, down 0.82% intraday but up 2.21% from last night.
- 1-day chart reveals a key resistance trendline.
- Breakout from double bottom could target $0.1082; ultimate aim: 200-day EMA at $0.16.
- Downside risk: If ALGO drops below $0.091, it could head to $0.084.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.