ALGOUSDT is showing a potential trend reversal after bouncing from a strong historical demand zone around $0.15. Price action is testing the descending trendline for a breakout, which could trigger a bullish continuation move. Similar to the previous breakout in late 2024, this setup hints at a possible repeat rally. A weekly close above the trendline would confirm strength, opening targets at $0.32 and $0.70+.ALGOUSD
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
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.