This chart of ALGO/USDT presents one of the cleanest and most promising bottom formations in the entire altcoin market.
🔍 Technical Highlights
Clear Rounded Bottoms: ALGO has formed multiple rounded bottoms over a long accumulation period, signaling strong base building and exhaustion of sellers.
Descending Wedge Breakout: A breakout from the falling wedge pattern has occurred, further validating the bullish reversal.
RSI Divergence: On the RSI, we see a bullish divergence, suggesting momentum is shifting to the upside.
📈 Market Outlook
ALGO looks ready to begin a parabolic move, breaking out from months of consolidation.
This setup combines long-term support, bullish structure, and momentum reversal.
Based on this structure and previous behavior, we expect a powerful move over the next 1–2 months.
🎯 Targets
First target: $0.6773 — long-term trendline resistance.
Final target: $0.8138 — previous key resistance zone and measured move potential.
🛡️ Conclusion
This is a high-potential setup that stands out in the current altcoin landscape. The structure, volume compression, and technical signals strongly suggest ALGO is preparing for a major breakout. If the move plays out as expected, we could see the price reach both targets within the next 60 days.
One to watch very closely!
🔍 Technical Highlights
Clear Rounded Bottoms: ALGO has formed multiple rounded bottoms over a long accumulation period, signaling strong base building and exhaustion of sellers.
Descending Wedge Breakout: A breakout from the falling wedge pattern has occurred, further validating the bullish reversal.
RSI Divergence: On the RSI, we see a bullish divergence, suggesting momentum is shifting to the upside.
📈 Market Outlook
ALGO looks ready to begin a parabolic move, breaking out from months of consolidation.
This setup combines long-term support, bullish structure, and momentum reversal.
Based on this structure and previous behavior, we expect a powerful move over the next 1–2 months.
🎯 Targets
First target: $0.6773 — long-term trendline resistance.
Final target: $0.8138 — previous key resistance zone and measured move potential.
🛡️ Conclusion
This is a high-potential setup that stands out in the current altcoin landscape. The structure, volume compression, and technical signals strongly suggest ALGO is preparing for a major breakout. If the move plays out as expected, we could see the price reach both targets within the next 60 days.
One to watch very closely!
💥 Free signals and ideas ➡ t.me/vfinvestment
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
💥 Free signals and ideas ➡ t.me/vfinvestment
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.