ALGO Update:
ALGO has been in a downtrend since last year and has yet to break above it. Currently, the price is near the initial support level at $0.15, with no strong bullish signs so far. If this support fails to hold, we could see ALGO move down toward the lower support at $0.108.
On the brighter side, if ALGO shows a rebound, we can expect another attempt to break above the $0.25 resistance level. A long position may be considered if there are clear signs of a rebound from the initial support.
Trade carefully, and always do your own research and analysis.
Regards,
Dexter
ALGO has been in a downtrend since last year and has yet to break above it. Currently, the price is near the initial support level at $0.15, with no strong bullish signs so far. If this support fails to hold, we could see ALGO move down toward the lower support at $0.108.
On the brighter side, if ALGO shows a rebound, we can expect another attempt to break above the $0.25 resistance level. A long position may be considered if there are clear signs of a rebound from the initial support.
Trade carefully, and always do your own research and analysis.
Regards,
Dexter
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.