$ALGO is showing a potential structure shift as it begins to stabilize near key historical support, with buyers looking to defend the recent liquidity sweep zones.
Long $ALGO
Entry: 0.088 – 0.093
SL: 0.082
TP1: 0.111
TP2: 0.140
TP3: 0.165
The selling pressure on Algorand has been persistent, but current price action shows the formation of a potential relief-rally structure after hitting local bottom zones. While the 200-day moving average remains a heavy resistance overhead, a bullish divergence in the RSI suggests that the market may be ready for an oversold bounce. The flow feels like demand is slowly returning near $0.088, and a decisive break above the $0.11 resistance would open the room for a stronger continuation higher toward the medium-term targets.
Trade $ALGO here 👇
ALGOUSDT
Perp
0.0906
+1.11%