ALGO 1D Support and Resistance Levels on the Chart

9 feb 2021

As you can see from the chart, the growth of the ALGO coin is supported by large volumes - this is a good sign.
On the other hand, the parabolic growth has almost become vertical, that is, the final upward spike is not far off.

As long as the price of ALGOUSDT is below $1.15, it is more likely that the price will push below $0.85, and then will follow the arrows.

Fixing above $1.15 will give a chance to shoot the ALGOUSD price up to $1.50-1.55, and reach about half of 2019 absolute maximum.
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