ALGO Technical Analysis!

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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

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