📊 Technical Analysis Overview:
The Algorand (ALGO) / Tether (USDT) pair has shown a notable technical development by successfully breaking above a medium-term descending trendline that has acted as resistance since early 2025.
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🔍 Pattern & Structure:
A clean breakout above the descending trendline (yellow sloped line) indicates a potential shift in trend from bearish to bullish.
Price is currently undergoing a retest of the breakout zone, aligning with the Fibonacci retracement levels 0.5 ($0.2451) and 0.618 ($0.2273).
The yellow horizontal zone ($0.25–$0.29) has been a significant support/resistance flip zone, showing strong historical reaction throughout 2024 and early 2025.
A higher high and higher low structure is starting to form — an early signal of a potential bullish reversal.
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📈 Bullish Scenario:
If the price holds the support zone between $0.2451 and $0.2273, we could see a continuation of the upward move toward the following resistance levels:
$0.2909 (current minor resistance)
$0.3187
$0.3500
$0.3871
Mid-term targets: $0.4936 and $0.6106
A daily or 2D candle close above $0.3187 with strong volume would confirm a bullish continuation.
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📉 Bearish Scenario:
On the other hand, failure to hold above the $0.2451–$0.2273 support zone could lead to a renewed bearish move with potential targets at:
$0.1900 (weekly historical support)
$0.1500
Extreme support: $0.0938 (2024 cycle low)
A break below $0.2273 would invalidate the breakout and may signal a bull trap.
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📌 Summary:
ALGO is at a key inflection point. The current pullback could be a healthy correction after a breakout or a failed retest. Watch for price action and volume reaction near $0.2451–$0.2273 to confirm the next move.
#ALGO #Algorand #ALGOUSDT #CryptoAnalysis #TechnicalAnalysis #Breakout #BullishReversal #Fibonacci #SupportResistance #Altcoins #CryptoSetup #PriceAction
The Algorand (ALGO) / Tether (USDT) pair has shown a notable technical development by successfully breaking above a medium-term descending trendline that has acted as resistance since early 2025.
---
🔍 Pattern & Structure:
A clean breakout above the descending trendline (yellow sloped line) indicates a potential shift in trend from bearish to bullish.
Price is currently undergoing a retest of the breakout zone, aligning with the Fibonacci retracement levels 0.5 ($0.2451) and 0.618 ($0.2273).
The yellow horizontal zone ($0.25–$0.29) has been a significant support/resistance flip zone, showing strong historical reaction throughout 2024 and early 2025.
A higher high and higher low structure is starting to form — an early signal of a potential bullish reversal.
---
📈 Bullish Scenario:
If the price holds the support zone between $0.2451 and $0.2273, we could see a continuation of the upward move toward the following resistance levels:
$0.2909 (current minor resistance)
$0.3187
$0.3500
$0.3871
Mid-term targets: $0.4936 and $0.6106
A daily or 2D candle close above $0.3187 with strong volume would confirm a bullish continuation.
---
📉 Bearish Scenario:
On the other hand, failure to hold above the $0.2451–$0.2273 support zone could lead to a renewed bearish move with potential targets at:
$0.1900 (weekly historical support)
$0.1500
Extreme support: $0.0938 (2024 cycle low)
A break below $0.2273 would invalidate the breakout and may signal a bull trap.
---
📌 Summary:
ALGO is at a key inflection point. The current pullback could be a healthy correction after a breakout or a failed retest. Watch for price action and volume reaction near $0.2451–$0.2273 to confirm the next move.
#ALGO #Algorand #ALGOUSDT #CryptoAnalysis #TechnicalAnalysis #Breakout #BullishReversal #Fibonacci #SupportResistance #Altcoins #CryptoSetup #PriceAction
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.