Will ALGO Prices Reach $0.16?

1. ALGO forms a double bottom pattern at $0.91.
   
2. Bullish divergence spotted in RSI amid a double bottom.
   
3. ALGO faces resistance at the 50-day EMA.
   
4. Recent dip sees ALGO below the $0.10 mark, closing at $0.0934.
   
5. Sideways market trend with ALGO showing potential for a bounce.
   
6. Double bottom pattern emerges with strong support at $0.091.
   
7. Current ALGO price: $0.0965, down 0.82% intraday but up 2.21% from last night.
   
8. 1-day chart reveals a key resistance trendline.
   
9. Breakout from double bottom could target $0.1082; ultimate aim: 200-day EMA at $0.16.
   
10. Downside risk: If ALGO drops below $0.091, it could head to $0.084.